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
6th
of 43 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 6th out of 43 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.
Material import dependency in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 1990 | 41.4% | — |
| 1991 | 43.4% | +4.8% |
| 1992 | 40.5% | -6.7% |
| 1993 | 33.8% | -16.5% |
| 1994 | 36.2% | +7.1% |
| 1995 | 34.7% | -4.1% |
| 1996 | 33.2% | -4.3% |
| 1997 | 30.6% | -7.8% |
| 1998 | 38.5% | +25.8% |
| 1999 | 40.8% | +6.0% |
| 2000 | 29.9% | -26.7% |
| 2001 | 30.8% | +3.0% |
| 2002 | 32.7% | +6.2% |
| 2003 | 30.8% | -5.8% |
| 2004 | 31.4% | +1.9% |
| 2005 | 33.3% | +6.1% |
| 2006 | 36.7% | +10.2% |
| 2007 | 36.9% | +0.5% |
| 2008 | 43.0% | +16.5% |
| 2009 | 48.3% | +12.3% |
| 2010 | 50.8% | +5.2% |
| 2011 | 58.2% | +14.6% |
| 2012 | 54.2% | -6.9% |
| 2013 | 54.3% | +0.2% |
| 2014 | 56.5% | +4.1% |
| 2015 | 58.5% | +3.5% |
| 2016 | 59.8% | +2.2% |
| 2017 | 56.7% | -5.2% |
| 2018 | 55.8% | -1.6% |
| 2019 | 57.4% | +2.9% |
| 2020 | 54.8% | -4.5% |
| 2021 | 53.0% | -3.3% |
| 2022 | 56.8% | +7.2% |
| 2023 | 60.2% | +6.0% |
| 2024 | 63.3% | +5.1% |
| 2025 | 59.7% | -5.7% |
Iceland compared with similar countries
- Iceland's 59.7% is above the median for Europe & Central Asia, which is 34.2%, 1.7× the median. (33 countries reporting)
- Iceland's 59.7% is above the median for high income countries, which is 37.3%, 1.6× the median. (30 countries reporting)
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
- 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 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 6th out of 43 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
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