Fuel imports (% of merchandise imports) in Iceland stood at 8.95% in 2025, according to World Bank. The latest value is down 2.53 percentage points from 11.48% in 2024. Ten years earlier, in 2015, the value was 12.49% (down 3.53 percentage points since). The highest value since 1962 was 19.62% in 1979, the lowest 5.18% in 1998. Iceland ranked 92nd highest of the 138 countries in this dataset in 2024; Brunei Darussalam ranked first.
Data source: World Bank · Unit: % · Category: Commodities and Energy · Explore more indicators on EconDash
Fuel imports (% of merchandise imports), measured in %, captures Iceland's cross-border flows of goods and services, revealing the country's competitive position in global markets, trade relationships, and exposure to external economic shocks. Trade data encompasses exports (goods and services sold to other countries), imports (purchases from abroad), and the resulting balance (surplus when exports exceed imports, deficit when the reverse occurs). In Iceland, Fuel imports (% of merchandise imports) reflects comparative advantages — sectors where the country produces efficiently relative to trading partners — as well as exchange rate effects and global demand patterns. Persistent trade deficits may indicate domestic consumption exceeding production, while surpluses suggest strong export competitiveness. Trade relationships also create supply chain dependencies; disruptions in partner countries can affect Iceland's industries that rely on imported components or foreign markets for their products.
Fuel imports (% of merchandise imports) in Iceland stood at 8.95% in 2025, according to World Bank.
The latest value is down 2.53 percentage points from 11.48% in 2024. Ten years earlier, in 2015, the value was 12.49% (down 3.53 percentage points since).
Iceland ranked 92nd highest of the 138 countries in this dataset in 2024; Brunei Darussalam ranked first.
The highest value since 1962 was 19.62% in 1979, the lowest 5.18% in 1998.
| Indicator | Fuel imports (% of merchandise imports) |
|---|---|
| Country | Iceland |
| Category | Commodities and Energy |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Fuel imports (% of merchandise imports) — Iceland [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-tm-val-fuel-zs-un/ISL. Original source: https://data.worldbank.org/indicator/TM.VAL.FUEL.ZS.UN
World Bank. "Fuel imports (% of merchandise imports) — Iceland." EconDash, 2026, https://econdash.org/chart/wdi-tm-val-fuel-zs-un/ISL. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/TM.VAL.FUEL.ZS.UN.
World Bank. 2026. "Fuel imports (% of merchandise imports) — Iceland." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-tm-val-fuel-zs-un/ISL. Original source: https://data.worldbank.org/indicator/TM.VAL.FUEL.ZS.UN.
@misc{econdash_wdi_tm_val_fuel_zs_un_isl,
author = {{World Bank}},
title = {{Fuel imports (\% of merchandise imports) --- Iceland}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/wdi-tm-val-fuel-zs-un/ISL},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/TM.VAL.FUEL.ZS.UN}
}Browse indicators available for Iceland. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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|---|---|
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