The main trade sector between the EU and Iceland is Section XV — BASE METALS AND ARTICLES OF BASE METAL, with a total volume of €394.4M in Jan-Mar 2026.
The extra-EU trade balance with Iceland is a surplus of €324.1M (Jan-Mar 2026). The EU imports €770.1M and exports €1.1B.
The EU imported €770.1M in goods from Iceland in Jan-Mar 2026 (extra-EU trade).
The EU exported €1.1B in goods to Iceland in Jan-Mar 2026 (extra-EU trade).
Source: Eurostat Comext
Imports
€770.1M
Exports
€1.1B
Balance (surplus)
+€324.1M
Total trade
€1.9B
In Jan-Mar 2026, extra-EU trade with Iceland totalled €1.9B. The EU imported €770.1M and exported €1.1B, resulting in a surplus of €324.1M.
| €250K |
| €57.5M |
| €57.8M |
| Section XVIII — OPTICAL, PHOTOGRAPHIC, CINEMATOGRAPHIC, MEASURING, CHECKING, PRECISION, MEDICAL OR SURGICAL INSTRUMENTS AND APPARATUS | €20.9M | €32.1M | €52.9M |
| Section VII — PLASTICS AND ARTICLES THEREOF | €1.3M | €48.1M | €49.3M |
| Section II — VEGETABLE PRODUCTS | €4.2M | €31.3M | €35.5M |
| Section XI — TEXTILES AND TEXTILE ARTICLES | €2.2M | €33.2M | €35.5M |
| Section IX — WOOD AND ARTICLES OF WOOD | €133K | €29.7M | €29.8M |
| Section XIII — ARTICLES OF STONE, PLASTER, CEMENT, ASBESTOS, MICA OR SIMILAR MATERIALS | €101K | €16.5M | €16.6M |
| Section X — PULP OF WOOD OR OF OTHER FIBROUS CELLULOSIC MATERIAL | €532K | €14.3M | €14.8M |
| Section V — MINERAL PRODUCTS | €1.5M | €12.2M | €13.7M |
| Section III — ANIMAL, VEGETABLE OR MICROBIAL FATS AND OILS AND THEIR CLEAVAGE PRODUCTS | €6.3M | €3.2M | €9.5M |
| Section XII — FOOTWEAR, HEADGEAR, UMBRELLAS, SUN UMBRELLAS, WALKING STICKS, SEAT-STICKS, WHIPS, RIDING-CROPS AND PARTS THEREOF | €272K | €7.1M | €7.4M |
| Section VIII — RAW HIDES AND SKINS, LEATHER, FURSKINS AND ARTICLES THEREOF | €174K | €2.6M | €2.8M |
| Section XIV — NATURAL OR CULTURED PEARLS, PRECIOUS OR SEMI-PRECIOUS STONES, PRECIOUS METALS, METALS CLAD WITH PRECIOUS METAL, AND ARTICLES THEREOF | €556K | €1.1M | €1.6M |
| Section XXI — WORKS OF ART, COLLECTORS' PIECES AND ANTIQUES | €53K | €598K | €651K |
| Section XIX — ARMS AND AMMUNITION | €0 | €291K | €291K |
| 6 |
| 87VEHICLES OTHER THAN RAILWAY OR TRAMWAY ROLLING STOCK, AND PARTS AND ACCESSORIES THEREOF |
| €1.3M |
| €93.6M |
| €95.0M |
| 7 | 30PHARMACEUTICAL PRODUCTS | €29.9M | €62.3M | €92.2M |
| 8 | 90OPTICAL, PHOTOGRAPHIC, CINEMATOGRAPHIC, MEASURING, CHECKING, PRECISION, MEDICAL OR SURGICAL INSTRUMENTS AND APPARATUS; PARTS AND ACCESSORIES THEREOF | €20.8M | €31.3M | €52.1M |
| 10 | 73ARTICLES OF IRON OR STEEL | €399K | €43.4M | €43.8M |
| 11 | 39PLASTICS AND ARTICLES THEREOF | €1.1M | €40.4M | €41.5M |
| 12 | 44WOOD AND ARTICLES OF WOOD; WOOD CHARCOAL | €133K | €29.5M | €29.6M |
| 13 | 72IRON AND STEEL | €10.7M | €14.2M | €24.9M |
| 14 | 23RESIDUES AND WASTE FROM THE FOOD INDUSTRIES; PREPARED ANIMAL FODDER | €12.2M | €8.5M | €20.7M |
| 15 | 22BEVERAGES, SPIRITS AND VINEGAR | €565K | €17.8M | €18.4M |
| 16 | 16PREPARATIONS OF MEAT, OF FISH, OF CRUSTACEANS, MOLLUSCS OR OTHER AQUATIC INVERTEBRATES, OR OF INSECTS | €13.3M | €3.1M | €16.4M |
| 17 | 21MISCELLANEOUS EDIBLE PREPARATIONS | €2.2M | €13.3M | €15.5M |
| 18 | 19PREPARATIONS OF CEREALS, FLOUR, STARCH OR MILK; PASTRYCOOKS' PRODUCTS | €12K | €14.8M | €14.8M |
| 19 | 38MISCELLANEOUS CHEMICAL PRODUCTS | €1.6M | €12.3M | €13.9M |
| 20 | 33ESSENTIAL OILS AND RESINOIDS; PERFUMERY, COSMETIC OR TOILET PREPARATIONS | €772K | €12.8M | €13.5M |