Oil and petroleum products import dependency by country of origin in Iceland
Iceland: Oil and petroleum products import dependency by country of origin was 57.6% in 2024. ▲ Rising
Latest (2024)
57.6%
Change on year
up 2.3%
World rank
1st
of 51 countries
All-time high
76.7%
in 2020
All-time low
52.0%
in 2016
Years of data
10
2015–2024
Oil and petroleum products import dependency by country of origin in Iceland, 2015–2024
Source: Eurostat. Measured in Percentage.
Analysis
The most recent figure for oil and petroleum products import dependency by country of origin in Iceland is 57.6%, measured in 2024.
Compared with earlier readings it is up 2.3% on the previous year and up 5.6% over ten years.
Over the whole period, oil and petroleum products import dependency by country of origin in Iceland peaked at 76.7% in 2020 and was at its lowest, 52.0%, in 2016.
That places Iceland 1st out of 51 countries with data for 2024, 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 | 58.3% | -16.1% |
| 2020 | 76.7% | +31.4% |
| 2021 | 70.8% | -7.7% |
| 2022 | 59.3% | -16.2% |
| 2023 | 56.3% | -5.1% |
| 2024 | 57.6% | +2.3% |
Iceland compared with similar countries
- Iceland's 57.6% is above the median for Europe & Central Asia, which is 3.1%, 18.8× the median. (36 countries reporting)
- Iceland's 57.6% is above the median for high income countries, which is 3.9%, 14.8× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 58.9% | 52.0% | 69.5% | 5 |
| 2020s | 64.1% | 56.3% | 76.7% | 5 |
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 57.6% in 2024, 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 51 countries with data for 2024.
- Is oil and petroleum products import dependency by country of origin rising or falling in Iceland?
- Over the last ten years it is up 5.6%. 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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