Material import dependency in Iceland
Iceland: Material import dependency was 59.7% in 2025. ▲ Rising
Latest (2025)
59.7%
Change on year
down 5.7%
World rank
5th
of 35 countries
All-time high
63.3%
in 2024
All-time low
29.9%
in 2000
Years of data
36
1990–2025
Material import dependency in Iceland, 1990–2025
Source: Eurostat. Measured in Percentage.
Analysis
Iceland recorded 59.7% for material import dependency in 2025.
The figure is down 5.7% on the previous year and up 2.1% over ten years.
Over the whole period, material import dependency in Iceland peaked at 63.3% in 2024 and was at its lowest, 29.9%, in 2000.
That places Iceland 5th out of 35 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.3% | 30.6% | 43.4% | 10 |
| 2000s | 35.4% | 29.9% | 48.3% | 10 |
| 2010s | 56.2% | 50.8% | 59.8% | 10 |
| 2020s | 58.0% | 53.0% | 63.3% | 6 |
Countries ranked near Iceland
More trade data for Iceland
- Exports and imports by counterpart area - quarterly data 3,157 Current prices, million euro (2026)
- Exports and imports by counterpart area - annual data 13,742 Current prices, million euro (2025)
- Imports of oil and petroleum products by partner country 996.31 Thousand tonnes (2024)
- Exports of oil and petroleum products by partner country 0 Thousand tonnes (2024)
- Sawnwood trade by species 41,238 Thousand euro (2022)
- Export to import ratio 0.95 (2025)
- Intra and extra-EU trade in sporting goods by product 14,942 Thousand euro (2024)
- Intra and extra-EU trade in sporting goods by product and partner 267 Thousand euro (2024)
- Imports of oil and petroleum products by partner country - monthly dat 0 Thousand tonnes (2019)
- Trade in goods with the top 5 partners 47.3% (2025)
Frequently asked questions
- What is material import dependency in Iceland?
- Material import dependency in Iceland was 59.7% in 2025, according to Eurostat.
- What is the highest material import dependency recorded in Iceland?
- The highest recorded value was 63.3% in 2024.
- What is the lowest material import dependency recorded in Iceland?
- The lowest recorded value was 29.9% in 2000.
- How does Iceland rank for material import dependency?
- Iceland ranks 5th out of 35 countries with data for 2025.
- Is material import dependency rising or falling in Iceland?
- Over the last ten years it is up 2.1%. 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 Material import dependency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (Eurostat).