Iceland Trade Summary
U.S. goods and services (exports plus imports) trade with Iceland totaled an estimated $4.6 billion in 2025, down 0.9 percent ($40.8 million) from 2024.
U.S. goods trade (exports plus imports) with Iceland totaled an estimated $1.8 billion in 2025. U.S. goods exports to Iceland in 2025 were $773.5 million, down 21.9 percent ($217.4 million) from 2024. U.S. goods imports from Iceland totaled $1.0 billion in 2025, down 6.1 percent ($65.4 million) from 2024. The U.S. goods trade deficit with Iceland was $233.5 million in 2025, a 186.4 percent increase ($152 million) over 2024.
U.S. services trade (exports plus imports) with Iceland totaled an estimated $2.8 billion in 2025. U.S. services exports to Iceland in 2025 were $586.0 million, up 25.5 percent ($119.0 million) from 2024. U.S. services imports from Iceland in 2025 were $2.2 billion, up 6.0 percent ($123.0 million) from 2024. The U.S. services trade deficit with Iceland was $1.6 billion in 2025, a 0.3 percent increase ($4.0 million) over 2024.
