Imports of oil and petroleum products by partner country in Iceland
Iceland: Imports of oil and petroleum products by partner country was 996.31 Thousand tonnes in 2024. ▲ Rising
Latest (2024)
996.31 Thousand tonnes
Change on year
up 1.1%
World rank
47th
of 51 countries
All-time high
1,200 Thousand tonnes
in 2008
All-time low
619 Thousand tonnes
in 1991
Years of data
35
1990–2024
Imports of oil and petroleum products by partner country in Iceland, 1990–2024
Source: Eurostat. Measured in Thousand tonnes.
Analysis
In 2024, imports of oil and petroleum products by partner country in Iceland stood at 996.31 Thousand tonnes.
The figure is up 1.1% on the previous year and up 33.6% over ten years.
Over the whole period, imports of oil and petroleum products by partner country in Iceland peaked at 1,200 Thousand tonnes in 2008 and was at its lowest, 619 Thousand tonnes, in 1991.
That places Iceland 47th out of 51 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Imports of oil and petroleum products by partner country in Iceland, year by year
| Year | Thousand tonnes | Change |
|---|---|---|
| 1990 | 729 Thousand tonnes | — |
| 1991 | 619 Thousand tonnes | -15.1% |
| 1992 | 738 Thousand tonnes | +19.2% |
| 1993 | 723 Thousand tonnes | -2.0% |
| 1994 | 737 Thousand tonnes | +1.9% |
| 1995 | 752 Thousand tonnes | +2.0% |
| 1996 | 803 Thousand tonnes | +6.8% |
| 1997 | 822 Thousand tonnes | +2.4% |
| 1998 | 878 Thousand tonnes | +6.8% |
| 1999 | 928 Thousand tonnes | +5.7% |
| 2000 | 949 Thousand tonnes | +2.3% |
| 2001 | 871 Thousand tonnes | -8.2% |
| 2002 | 891 Thousand tonnes | +2.3% |
| 2003 | 864 Thousand tonnes | -3.0% |
| 2004 | 986 Thousand tonnes | +14.1% |
| 2005 | 983 Thousand tonnes | -0.3% |
| 2006 | 1,028 Thousand tonnes | +4.6% |
| 2007 | 1,039 Thousand tonnes | +1.1% |
| 2008 | 1,200 Thousand tonnes | +15.5% |
| 2009 | 1,180 Thousand tonnes | -1.7% |
| 2010 | 672 Thousand tonnes | -43.1% |
| 2011 | 695 Thousand tonnes | +3.4% |
| 2012 | 688 Thousand tonnes | -1.0% |
| 2013 | 705 Thousand tonnes | +2.5% |
| 2014 | 746 Thousand tonnes | +5.8% |
| 2015 | 836 Thousand tonnes | +12.1% |
| 2016 | 928.51 Thousand tonnes | +11.1% |
| 2017 | 963.2 Thousand tonnes | +3.7% |
| 2018 | 1,111 Thousand tonnes | +15.3% |
| 2019 | 880.88 Thousand tonnes | -20.7% |
| 2020 | 624.5 Thousand tonnes | -29.1% |
| 2021 | 778.52 Thousand tonnes | +24.7% |
| 2022 | 961.04 Thousand tonnes | +23.4% |
| 2023 | 985.43 Thousand tonnes | +2.5% |
| 2024 | 996.31 Thousand tonnes | +1.1% |
Iceland compared with similar countries
- Iceland's 996.31 Thousand tonnes is below the median for Europe & Central Asia, which is 9,141 Thousand tonnes, 11% of the median. (38 countries reporting)
- Iceland's 996.31 Thousand tonnes is below the median for high income countries, which is 10,302 Thousand tonnes, 10% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Imports of oil and petroleum products by partner country in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | -43.1% | 1,180 Thousand tonnes | 672 Thousand tonnes |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 772.9 Thousand tonnes | 619 Thousand tonnes | 928 Thousand tonnes | 10 |
| 2000s | 999.1 Thousand tonnes | 864 Thousand tonnes | 1,200 Thousand tonnes | 10 |
| 2010s | 822.52 Thousand tonnes | 672 Thousand tonnes | 1,111 Thousand tonnes | 10 |
| 2020s | 869.16 Thousand tonnes | 624.5 Thousand tonnes | 996.31 Thousand tonnes | 5 |
Countries ranked near Iceland
- 44 North Macedonia 1,228 Thousand tonnes compare
- 45 Republic of Moldova 1,109 Thousand tonnes compare
- 45 Moldova 1,109 Thousand tonnes compare
- 48 Albania 975.53 Thousand tonnes compare
- 49 Kosovo* 958.13 Thousand tonnes compare
- 50 Montenegro 453.9 Thousand tonnes compare
More trade data for Iceland
- Commodity Net Export Price Index, Individual Commodities Weighted by 137.33 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 108.33 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 106.92 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 138.52 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 98.7 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 76.38 (2025)
- Imports of low carbon technology products, Percent of GDP 1.91 (2024)
- Imports of low carbon technology products, US dollar (World), per 1,639 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0191 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 28.87 million (2024)
Frequently asked questions
- What is imports of oil and petroleum products by partner country in Iceland?
- Imports of oil and petroleum products by partner country in Iceland was 996.31 Thousand tonnes in 2024, according to Eurostat.
- What is the highest imports of oil and petroleum products by partner country recorded in Iceland?
- The highest recorded value was 1,200 Thousand tonnes in 2008.
- What is the lowest imports of oil and petroleum products by partner country recorded in Iceland?
- The lowest recorded value was 619 Thousand tonnes in 1991.
- How does Iceland rank for imports of oil and petroleum products by partner country?
- Iceland ranks 47th out of 51 countries with data for 2024.
- Is imports of oil and petroleum products by partner country rising or falling in Iceland?
- Over the last ten years it is up 33.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Imports of oil and petroleum products by partner country. Statizoid updates them automatically from the source API.
Download this data
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