Fuel exports in Iceland
Iceland: Fuel exports was 1.5% in 2025. ◆ Volatile
Fuel exports in Iceland, 1988–2025
Source: Staff estimates, World Bank (WB). Measured in % of merchandise exports.
Analysis
The most recent figure for fuel exports in Iceland is 1.5%, measured in 2025.
Compared with earlier readings it is down 25.2% on the previous year and down 9.4% over ten years.
Over the whole period, fuel exports in Iceland peaked at 2.4% in 2023 and was at its lowest, 0.0%, in 1989.
That places Iceland 123rd out of 192 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Fuel exports in Iceland, year by year
| Year | % of merchandise exports | Change |
|---|---|---|
| 1988 | 0.0% | — |
| 1989 | 0.0% | -71.9% |
| 1990 | 0.0% | +94.0% |
| 1991 | 0.0% | +4324.8% |
| 1992 | 0.1% | +40.3% |
| 1993 | 0.1% | -26.0% |
| 1994 | 0.1% | +44.4% |
| 1995 | 0.0% | -35.4% |
| 1996 | 0.1% | +27.4% |
| 1997 | 0.1% | -2.5% |
| 1998 | 0.2% | +172.4% |
| 1999 | 0.1% | -10.4% |
| 2000 | 0.4% | +148.8% |
| 2001 | 0.2% | -35.1% |
| 2002 | 0.4% | +74.2% |
| 2003 | 0.2% | -42.3% |
| 2004 | 0.5% | +121.0% |
| 2005 | 1.4% | +169.4% |
| 2006 | 2.3% | +66.9% |
| 2007 | 1.5% | -37.6% |
| 2008 | 1.5% | +2.0% |
| 2009 | 1.0% | -33.1% |
| 2010 | 1.0% | +3.7% |
| 2011 | 1.9% | +88.0% |
| 2012 | 2.0% | +4.2% |
| 2013 | 1.6% | -20.6% |
| 2014 | 2.0% | +24.5% |
| 2015 | 1.6% | -19.1% |
| 2016 | 1.3% | -18.7% |
| 2017 | 1.2% | -9.8% |
| 2018 | 2.0% | +70.5% |
| 2019 | 1.6% | -20.9% |
| 2020 | 0.7% | -54.8% |
| 2021 | 1.1% | +59.7% |
| 2022 | 2.3% | +101.5% |
| 2023 | 2.4% | +5.7% |
| 2024 | 2.0% | -20.2% |
| 2025 | 1.5% | -25.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0% | 0.0% | 0.0% | 2 |
| 1990s | 0.1% | 0.0% | 0.2% | 10 |
| 2000s | 0.9% | 0.2% | 2.3% | 10 |
| 2010s | 1.6% | 1.0% | 2.0% | 10 |
| 2020s | 1.7% | 0.7% | 2.4% | 6 |
Countries ranked near Iceland
More energy & mining data for Iceland
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate -4.9 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0002 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 9.0% (2025)
Frequently asked questions
- What is fuel exports in Iceland?
- Fuel exports in Iceland was 1.5% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest fuel exports recorded in Iceland?
- The highest recorded value was 2.4% in 2023.
- What is the lowest fuel exports recorded in Iceland?
- The lowest recorded value was 0.0% in 1989.
- How does Iceland rank for fuel exports?
- Iceland ranks 123rd out of 192 countries with data for 2025.
- Is fuel exports rising or falling in Iceland?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Fuel exports (% of merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Fuels comprise the commodities in SITC (Rev. 3) section 3 (mineral fuels, lubricants and related materials). This indicator is expressed as a percentage of merchandise exports which is comprised of goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.