Oil and petroleum products import dependency by country of origin in Iceland
Iceland: Oil and petroleum products import dependency by country of origin was 76.7% in 2020. ▲ Rising
Latest (2020)
76.7%
Change on year
up 31.0%
World rank
1st
of 49 countries
All-time high
76.7%
in 2020
All-time low
52.0%
in 2016
Years of data
6
2015–2020
Oil and petroleum products import dependency by country of origin in Iceland, 2015–2020
Source: Eurostat. Measured in Percentage.
Analysis
The most recent figure for oil and petroleum products import dependency by country of origin in Iceland is 76.7%, measured in 2020. That is the highest value across all 6 years on record.
Compared with earlier readings it is up 31.0% on the previous year and up 40.6% over ten years.
That places Iceland 1st out of 49 countries with data for 2020, putting it in the top 10%.
Oil and petroleum products import dependency by country of origin in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 2015 | 54.5% | — |
| 2016 | 52.0% | -4.6% |
| 2017 | 60.2% | +15.8% |
| 2018 | 69.5% | +15.4% |
| 2019 | 58.5% | -15.8% |
| 2020 | 76.7% | +31.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 58.9% | 52.0% | 69.5% | 5 |
| 2020s | 76.7% | 76.7% | 76.7% | 1 |
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 oil and petroleum products import dependency by country of origin in Iceland?
- Oil and petroleum products import dependency by country of origin in Iceland was 76.7% in 2020, according to Eurostat.
- What is the highest oil and petroleum products import dependency by country of origin recorded in Iceland?
- The highest recorded value was 76.7% in 2020.
- What is the lowest oil and petroleum products import dependency by country of origin recorded in Iceland?
- The lowest recorded value was 52.0% in 2016.
- How does Iceland rank for oil and petroleum products import dependency by country of origin?
- Iceland ranks 1st out of 49 countries with data for 2020.
- Is oil and petroleum products import dependency by country of origin rising or falling in Iceland?
- Over the last ten years it is up 40.6%. 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 Oil and petroleum products import dependency by country of origin. Statizoid updates them automatically from the source API.
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