Market · Europe

India's exports to Iceland

US$ 121 mn

in 2025, up 876.3% on 2024. India's 127th largest market, 0.0% of India's exports, 251 products.

2021: US$ 11.3 mn

2022: US$ 10.9 mn

2023: US$ 12.5 mn

2024: US$ 12.4 mn

2025: US$ 121 mnUS$ 121 mn

20212022202320242025

ECGC ratingA1ECGC's classification · see the ratings page Trade agreementIndia–EFTA TEPAIn force DocumentsExport checklistWhat Iceland asks for

What India sells to Iceland top 15

#	Product (HS 6-digit)	2025	Change
1	2710.12 Petroleum oils and oils from bituminous minerals, not containing biodiesel, not…	US$ 102 mn	new
2	2934.99 Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading…	US$ 4.6 mn	+115.3%
3	2933.49 Heterocyclic compounds; containing a quinoline or isoquinoline ring-system (whe…	US$ 2.6 mn	+101.0%
4	3004.90 Medicaments; consisting of mixed or unmixed products n.e.c. in heading no. 3004…	US$ 2.3 mn	+5,281.9%
5	2933.99 Heterocyclic compounds; n.e.c. in headings no. 2933	US$ 1.8 mn	+492.7%
6	5608.11 Twine, cordage or rope; fishing nets, made up, of man made textile materials	US$ 1.6 mn	+93.9%
7	7215.90 Iron or non-alloy steel; bars and rods, n.e.c. in chapter 72, n.e.c. in heading…	US$ 575 thousand	−65.9%
8	2933.39 Heterocyclic compounds; containing an unfused pyridine ring (whether or not hyd…	US$ 574 thousand	+389.6%
9	2924.19 Acyclic amides (including acyclic carbamates) and their derivatives; salts ther…	US$ 562 thousand	+233.4%
10	2933.19 Heterocyclic compounds; with nitrogen hetero-atom(s) only, containing an unfuse…	US$ 337 thousand	+534.9%
11	2942.00 Organic compounds; n.e.c. in chapter 29	US$ 330 thousand	−53.1%
12	6305.32 Sacks and bags; of a kind used for the packing of goods, of man-made textile ma…	US$ 283 thousand	+56.4%
13	9031.80 Instruments, appliances and machines; for measuring or checking n.e.c. in chapt…	US$ 235 thousand	+126.9%
14	2933.79 Heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam…	US$ 203 thousand	new
15	7614.90 Aluminium; stranded wire, cables, plaited bands and the like, (not electrically…	US$ 188 thousand	−76.1%

Who else sells to Iceland Iceland's imports, 2025

Product (HS 4-digit)	Imports	India's share	Leading suppliers
2710 Petroleum oils and oils from bituminous minerals, n… 🇳🇴 Norway53% 🇺🇸 United States17% 🇰🇼 Kuwait8.1% 🇩🇰 Denmark5.6% 🇮🇳 India3.4% 🇳🇱 Netherlands2.0%	917 mn	3.4%5th	Norway 53% United States 17%
8517 Telephone sets, including smartphones and other tel… 🇨🇳 China45% 🇻🇳 Vietnam8.4% 🇹🇭 Thailand6.9% 🇭🇰 Hong Kong5.3% 🇹🇼 Taiwan5.0% 🇮🇱 Israel4.1% 🇮🇳 India2.0% · 10th	293 mn	2.0%10th	China 45% Vietnam 8.4%
7215 Iron or non-alloy steel; bars and rods, n.e.c. in c… 🇮🇳 India84% 🇳🇱 Netherlands6.3% 🇨🇳 China5.8% 🇩🇪 Germany2.0% 🇮🇹 Italy1.2% 🇹🇼 Taiwan0.3%	6.7 mn	84%1st	Netherlands 6.3% China 5.8%
2934 Nucleic acids and their salts, whether or not chemi… 🇮🇳 India92% 🇪🇸 Spain2.3% 🇨🇳 China1.8% 🇺🇸 United States1.3% 🇸🇪 Sweden0.7% 🇩🇪 Germany0.5%	4.5 mn	92%1st	Spain 2.3% China 1.8%
2933 Heterocyclic compounds with nitrogen hetero-atom(s)… 🇮🇳 India61% 🇬🇧 United Kingdom27% 🇨🇭 Switzerland5.4% 🇩🇪 Germany2.6% 🇪🇸 Spain1.5% 🇺🇸 United States1.1%	6.6 mn	61%1st	United Kingdom 27% Switzerland 5.4%
5608 Twine, cordage or rope; knotted netting, made up fi… 🇱🇹 Lithuania25% 🇮🇳 India20% 🇻🇳 Vietnam19% Faroe Isds5.6% 🇳🇴 Norway4.4% 🇪🇸 Spain4.0%	10.7 mn	20%2nd	Lithuania 25% Vietnam 19%
6302 Bed linen, table linen, toilet linen and kitchen li… 🇨🇳 China23% 🇵🇰 Pakistan18% 🇮🇳 India11% 🇹🇷 Turkey8.5% 🇵🇹 Portugal6.5% 🇩🇪 Germany5.5%	14.5 mn	11%3rd	China 23% Pakistan 18%
6109 T-shirts, singlets and other vests; knitted or croc… 🇨🇳 China20% 🇧🇩 Bangladesh16% 🇹🇷 Turkey7.4% 🇮🇳 India5.7% 🇬🇧 United Kingdom5.2% 🇻🇳 Vietnam5.1%	23.2 mn	5.7%4th	China 20% Bangladesh 16%
2922 Oxygen-function amino-compounds 🇮🇳 India71% 🇪🇸 Spain12% 🇩🇪 Germany11% 🇫🇷 France2.0% 🇳🇱 Netherlands1.1% 🇸🇪 Sweden0.8%	1.8 mn	71%1st	Spain 12% Germany 11%
3004 Medicaments; (not goods of heading no. 3002, 3005 o… 🇩🇰 Denmark43% 🇸🇪 Sweden16% 🇩🇪 Germany8.2% 🇨🇭 Switzerland6.7% 🇳🇴 Norway4.7% 🇺🇸 United States3.9% 🇮🇳 India0.5% · 18th	254 mn	0.5%18th	Denmark 43% Sweden 16%
4202 Trunks; suit, camera, jewellery, cutlery cases; tra… 🇨🇳 China48% 🇻🇳 Vietnam7.7% 🇮🇳 India5.4% 🇺🇸 United States4.5% 🇬🇧 United Kingdom3.3% 🇩🇪 Germany2.9%	21.1 mn	5.4%3rd	China 48% Vietnam 7.7%
0306 Crustaceans; in shell or not, live, fresh, chilled… 🇳🇴 Norway32% 🇨🇦 Canada17% 🇩🇰 Denmark15% 🇪🇪 Estonia12% Faroe Isds5.5% 🇱🇹 Lithuania5.1% 🇮🇳 India2.7% · 8th	41.5 mn	2.7%8th	Norway 32% Canada 17%

What Iceland buys most where India has under 5% of the market: openings, or where others are stronger.

Product (HS 4-digit)	Imports	India's share	Leading suppliers
8471 Automatic data processing machines and units thereo… 🇹🇼 Taiwan42% 🇨🇳 China22% 🇺🇸 United States19% 🇨🇿 Czech Republic11% 🇳🇱 Netherlands1.7% 🇵🇱 Poland0.8% 🇮🇳 India<0.1% · 45th	1.28 bn	<0.1%45th	Taiwan 42% China 22%
2710 Petroleum oils and oils from bituminous minerals, n… 🇳🇴 Norway53% 🇺🇸 United States17% 🇰🇼 Kuwait8.1% 🇩🇰 Denmark5.6% 🇮🇳 India3.4% 🇳🇱 Netherlands2.0%	917 mn	3.4%5th	Norway 53% United States 17%
2818 Aluminium oxide (including artificial corundum); al… 🇧🇷 Brazil35% 🇦🇺 Australia32% 🇯🇲 Jamaica21% 🇮🇪 Ireland5.1% 🇮🇩 Indonesia5.0% 🇩🇪 Germany1.1%	743 mn	–not sold	Brazil 35% Australia 32%
8703 Motor cars and other motor vehicles; principally de… 🇩🇪 Germany27% 🇯🇵 Japan11% 🇸🇰 Slovakia8.9% 🇨🇳 China8.4% 🇰🇷 South Korea7.7% 🇨🇿 Czech Republic7.7% 🇮🇳 India<0.1% · 25th	739 mn	<0.1%25th	Germany 27% Japan 11%
8545 Carbon electrodes, carbon brushes, lamp carbons, ba… 🇳🇴 Norway40% 🇳🇱 Netherlands32% 🇨🇳 China24% 🇯🇵 Japan1.7% 🇵🇱 Poland1.4% 🇫🇷 France1.1% 🇮🇳 India<0.1% · 15th	406 mn	<0.1%15th	Norway 40% Netherlands 32%
8517 Telephone sets, including smartphones and other tel… 🇨🇳 China45% 🇻🇳 Vietnam8.4% 🇹🇭 Thailand6.9% 🇭🇰 Hong Kong5.3% 🇹🇼 Taiwan5.0% 🇮🇱 Israel4.1% 🇮🇳 India2.0% · 10th	293 mn	2.0%10th	China 45% Vietnam 8.4%
3004 Medicaments; (not goods of heading no. 3002, 3005 o… 🇩🇰 Denmark43% 🇸🇪 Sweden16% 🇩🇪 Germany8.2% 🇨🇭 Switzerland6.7% 🇳🇴 Norway4.7% 🇺🇸 United States3.9% 🇮🇳 India0.5% · 18th	254 mn	0.5%18th	Denmark 43% Sweden 16%
2309 Preparations of a kind used in animal feeding 🇳🇴 Norway63% 🇬🇧 United Kingdom20% 🇩🇰 Denmark5.5% 🇳🇱 Netherlands4.1% 🇫🇷 France1.9% 🇩🇪 Germany1.4% 🇮🇳 India<0.1% · 25th	210 mn	<0.1%25th	Norway 63% United Kingdom 20%
8704 Vehicles; for the transport of goods 🇩🇪 Germany29% 🇸🇪 Sweden16% 🇺🇸 United States10.0% 🇫🇷 France9.2% 🇹🇷 Turkey5.8% 🇳🇱 Netherlands4.6%	152 mn	–not sold	Germany 29% Sweden 16%
9403 Furniture and parts thereof, n.e.c. in chapter 94 🇱🇹 Lithuania17% 🇨🇳 China16% 🇩🇰 Denmark13% 🇵🇱 Poland11% 🇮🇹 Italy7.9% 🇩🇪 Germany6.1% 🇮🇳 India0.4% · 26th	119 mn	0.4%26th	Lithuania 17% China 16%

US$ million. As reported by Iceland's customs to UN Comtrade for 2025 (imports, usually valued with freight and insurance), so the figures differ from India's own export figures above. Open a product for its six biggest suppliers. Exportsmitra's figures, not ECGC's.

Growing fastest

Product	2025	Change
2934.99 Nucleic acids and their salts, other heterocyclic compounds, n.e.c. in heading… +US$ 2.5 mn	US$ 4.6 mn	+115.3%
3004.90 Medicaments; consisting of mixed or unmixed products n.e.c. in heading no. 3004… +US$ 2.2 mn	US$ 2.3 mn	+5,281.9%
2933.99 Heterocyclic compounds; n.e.c. in headings no. 2933 +US$ 1.5 mn	US$ 1.8 mn	+492.7%
2933.49 Heterocyclic compounds; containing a quinoline or isoquinoline ring-system (whe… +US$ 1.3 mn	US$ 2.6 mn	+101.0%
5608.11 Twine, cordage or rope; fishing nets, made up, of man made textile materials +US$ 763 thousand	US$ 1.6 mn	+93.9%
2933.39 Heterocyclic compounds; containing an unfused pyridine ring (whether or not hyd… +US$ 457 thousand	US$ 574 thousand	+389.6%
2924.19 Acyclic amides (including acyclic carbamates) and their derivatives; salts ther… +US$ 394 thousand	US$ 562 thousand	+233.4%
2933.19 Heterocyclic compounds; with nitrogen hetero-atom(s) only, containing an unfuse… +US$ 284 thousand	US$ 337 thousand	+534.9%

By chapter

27 Mineral fuels, mineral oils and products of t…US$ 102 mn
29 Organic chemicalsUS$ 11.4 mn
30 Pharmaceutical productsUS$ 2.3 mn
56 Wadding, felt and nonwovens, special yarns; t…US$ 1.8 mn
72 Iron and steelUS$ 576 thousand
84 Machinery and mechanical appliances, boilers…US$ 481 thousand
90 Optical, photographic, cinematographic, measu…US$ 375 thousand
63 Textiles, made up articles; sets; worn clothi…US$ 361 thousand
76 Aluminium and articles thereofUS$ 266 thousand
87 Vehicles; other than railway or tramway rolli…US$ 259 thousand

New in 2025

Products India had not sold to Iceland in the earlier years shown.

2710.12 Petroleum oils and oils from bituminous minerals, not conta…US$ 102 mn
8474.20 Machines; for crushing or grinding earth, stone, ores or ot…US$ 70 thousand
8428.20 Elevators and conveyors; pneumaticUS$ 45 thousand
5702.99 Carpets and other textile floor coverings; woven, (not tuft…US$ 21 thousand
8433.59 Harvesting machinery; n.e.c. in heading no. 8433US$ 20 thousand
8438.90 Machinery; parts of those machines used in the industrial p…US$ 17 thousand
6902.90 Refractory bricks, blocks, tiles and similar refractory cer…US$ 17 thousand
8431.39 Machinery; parts of the machinery of heading no. 8428, (oth…US$ 15 thousand

Source: UN Comtrade database (United Nations Statistics Division), as reported by India. Values in US$, calendar years. ECGC rating: ECGC Limited's short-term country classification, shown for convenience; Exportsmitra's figures and notes are not from ECGC.