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Russian trade with Iceland in 2021

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Iceland in 2021: exports, imports, products, dynamics.

Russia’s Trade with Iceland

In 2021, Russia’s trade with Iceland was $41,083,298, down 45.28% ($33,991,486) from 2020.

Russia’s exports to Iceland in 2021 were $21,630,679, down 49.52% ($21,219,606) from 2020.

Russia’s imports from Iceland in 2021 were $19,452,619, down 39.63% ($12,771,880) from 2020.

Russia’s trade surplus with Iceland in 2021 was $2,178,060, a 79.50% decrease ($8,447,726) over 2020.

Iceland was Russia’s 143rd largest trading partner in 2021 (down from 127th in 2020), accounting for 0.0052% of Russia’s total trade (down from 0.0132% in 2020).

Iceland was Russia’s 141st largest export market in 2021 (down from 124th in 2020), accounting for 0.0044% of Russia’s total exports (down from 0.0127% in 2020).

Iceland was Russia’s 114th largest supplier in 2021 (down from 103rd in 2020), accounting for 0.0066% of Russia’s total imports (down from 0.0139% in 2020).

Russia’s Exports to Iceland

The major share of Russian exports to Iceland in 2021 (and in 2020) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 45.73% of Russia’s total exports to Iceland (16.84% in 2020);
  • Mineral products (HS codes 25-27) - 23.52% of Russia’s total exports to Iceland (6.57% in 2020);
  • Chemical products (HS codes 28-40) - 10.15% of Russia’s total exports to Iceland (1.13% in 2020);
  • Metals and products from them (HS codes 72-83) - 7.80% of Russia’s total exports to Iceland (0.97% in 2020);
  • Wood and wood products (HS codes 44-49) - 5.96% of Russia’s total exports to Iceland (2.80% in 2020);
  • Textiles, textile products and footwear (HS codes 50-67) - 3.82% of Russia’s total exports to Iceland (0.82% in 2020).

The largest gains in Russia’s exports to Iceland in 2021 over 2020 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $1,740,576;
  • Fertilizers (HS code 31) - an increase of $1,731,062;
  • Ores, slag and ash (HS code 26) - an increase of $1,586,657;
  • Iron and steel (HS code 72) - an increase of $1,277,367;
  • Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $762,135;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $683,978;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $454,910;
  • Ceramic products (HS code 69) - an increase of $249,140;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $193,210;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $123,185;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $88,786.

The largest declines in Russia’s exports to Iceland in 2021 over 2020 were recorded for the following product groups:

  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $97,437.
Russia’s exports to Iceland in 2021 by product groups
HS
code
Name of product group Value of exports
in 2021,
US dollars ($)
Percent share in total export Value of exports
in 2020,
US dollars ($)
Percent change
in 2021
over 2020
12 Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder 341 0.00 0
22 Beverages, spirits and vinegar 22,092 0.10 13,57762.72
24 Tobacco and manufactured tobacco substitutes 0 0.00 97,437-100.00
26 Ores, slag and ash 2,857,103 13.21 1,270,446124.89
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 2,230,173 10.31 1,546,19544.24
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 8,520 0.04 21,240-59.89
31 Fertilizers 1,731,062 8.00 0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 10,505 0.05 1,374664.56
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 16 0.00 0
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 0 0.00 345-100.00
38 Miscellaneous chemical products 0 0.00 289-100.00
39 Plastics and articles thereof 242,144 1.12 234,1123.43
40 Rubber and articles thereof 203,151 0.94 225,270-9.82
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 95 0.00 189-49.74
44 Wood and articles of wood; wood charcoal 1,288,909 5.96 1,200,1237.40
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 5 0.00 0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 786,991 3.64 332,081136.99
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 8 0.00 0
61 Articles of apparel and clothing accessories, knitted or crocheted 0 0.00 877-100.00
62 Articles of apparel and clothing accessories, not knitted or crocheted 140 0.00 2,464-94.32
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 2,133 0.01 1217,675.00
64 Footwear, gaiters and the like; parts of such articles 36,475 0.17 13,160177.17
65 Headgear and parts thereof 119 0.00 2,137-94.43
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 335,995 1.55 212,81057.88
69 Ceramic products 283,484 1.31 34,344725.43
70 Glass and glassware 52 0.00 0
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 58 0.00 0
72 Iron and steel 1,680,711 7.77 403,344316.69
73 Articles of iron or steel 2,020 0.01 10,324-80.43
74 Copper and articles thereof 0 0.00 18-100.00
76 Aluminum and articles thereof 731 0.00 0
78 Lead and articles thereof 0 0.00 1-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 0 0.00 165-100.00
83 Miscellaneous articles of base metal 3,767 0.02 717425.38
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 264,289 1.22 71,079271.82
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 8,850,596 40.92 7,110,02024.48
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 773,188 3.57 11,0536,895.28
89 Ships, boats and floating structures 1,741 0.01 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,089 0.01 23,850-91.24
92 Musical instruments; parts and accessories of such articles 0 0.00 4,763-100.00
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 11,965 0.06 0
95 Toys, games and sports requisites; parts and accessories thereof 0 0.00 6,469-100.00
96 Miscellaneous manufactured articles 11 0.00 0
SS Classified 0 0.00 30 000 000-100.00

Russia’s Imports from Iceland

The major share of Russian imports from Iceland in 2021 (and in 2020) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 55.39% of Russia’s total imports from Iceland (60.08% in 2020);
  • Food products and agricultural raw materials (HS codes 01-24) - 34.66% of Russia’s total imports from Iceland (19.10% in 2020);
  • Metals and products from them (HS codes 72-83) - 5.43% of Russia’s total imports from Iceland (12.52% in 2020);
  • Chemical products (HS codes 28-40) - 2.62% of Russia’s total imports from Iceland (6.14% in 2020);
  • Textiles, textile products and footwear (HS codes 50-67) - 1.65% of Russia’s total imports from Iceland (1.41% in 2020).

The largest gains in Russia’s imports from Iceland in 2021 over 2020 were recorded for the following product groups:

  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $2,113,452;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $964,364;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $428,712;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $415,865;
  • Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $90,264;
  • Sugars and sugar confectionery (HS code 17) - an increase of $84,083;
  • Meat and edible meat offal (HS code 02) - an increase of $61,982.

The largest declines in Russia’s imports from Iceland in 2021 over 2020 were recorded for the following product groups:

  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $11,645,260;
  • Iron and steel (HS code 72) - a decrease of $2,450,798;
  • Plastics and articles thereof (HS code 39) - a decrease of $1,596,201;
  • Articles of iron or steel (HS code 73) - a decrease of $542,774;
  • Miscellaneous edible preparations (HS code 21) - a decrease of $442,182;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $201,189;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - a decrease of $196,604.
Russia’s imports from Iceland in 2021 by product groups
HS
code
Name of product group Value of imports in 2021,
US dollars ($)
Percent share in total import Value of imports in 2020,
US dollars ($)
Percent change
in 2021
over 2020
02 Meat and edible meat offal 404,284 2.08 342,30218.11
05 Products of animal origin, not elsewhere specified or included 9,440 0.05 2,910224.40
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0 0.00 282-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 2,341,791 12.04 1,913,07922.41
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 2,376,086 12.21 2,342,1841.45
17 Sugars and sugar confectionery 84,083 0.43 0
18 Cocoa and cocoa preparations 0 0.00 4-100.00
21 Miscellaneous edible preparations 257,887 1.33 700,069-63.16
22 Beverages, spirits and vinegar 1,268,859 6.52 852,99448.75
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0 0.00 323-100.00
29 Organic chemicals 4,624 0.02 919403.16
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 90,264 0.46 0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 11,151 0.06 0
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 4,075 0.02 0
38 Miscellaneous chemical products 10,432 0.05 4622,158.01
39 Plastics and articles thereof 368,601 1.89 1,964,802-81.24
40 Rubber and articles thereof 20,149 0.10 10,69688.38
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 6,020 0.03 5,7374.93
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 6,431 0.03 4314,855.81
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 53,298 0.27 0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 238,231 1.22 439,420-45.79
61 Articles of apparel and clothing accessories, knitted or crocheted 26,458 0.14 14,36484.20
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 2,548 0.01 0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 126 0.00 474-73.42
70 Glass and glassware 580 0.00 760-23.68
71 Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin 3,969 0.02 2,12686.69
72 Iron and steel 800,902 4.12 3,251,700-75.37
73 Articles of iron or steel 200,350 1.03 743,124-73.04
74 Copper and articles thereof 2,427 0.01 3,748-35.25
76 Aluminum and articles thereof 22,312 0.11 16,87632.21
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 29,979 0.15 18,84359.10
83 Miscellaneous articles of base metal 1,261 0.01 711,676.06
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 2,361,008 12.14 14,006,268-83.14
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 4,029,689 20.72 1,916,237110.29
86 Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds 0 0.00 9,870-100.00
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 79 0.00 12,818-99.38
89 Ships, boats and floating structures 17,867 0.09 12,24745.89
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 4,365,994 22.44 3,401,63028.35
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 29,559 0.15 226,163-86.93
95 Toys, games and sports requisites; parts and accessories thereof 0 0.00 4-100.00
96 Miscellaneous manufactured articles 1,805 0.01 10,950-83.52
Russian foreign trade statistics
Source: Federal Customs Service of Russia