Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Iceland

Fuel imports (% of merchandise imports) in Iceland in 2025 — 8.95%. Ranked 17 in the world out of 24. Since 1962, the indicator has fallen by 3.78 pp.

2025 8.95% −2.53 pp vs 2024
World rank 17of 24
Period maximum 19.62%1979
Period minimum 5.18%1998

Trend over time

1962–2025 · % of merchandise imports

Fuel imports (% of merchandise imports) — Iceland, 1962–20250510152019621969197619831990199720042011201820251962: 12.73%1964: 9.35%1966: 7.7%1968: 11.11%1970: 9.24%1972: 7.68%1974: 12.13%1976: 12.27%1978: 11.76%1980: 16.73%1982: 15.54%1984: 15.75%1986: 9.6%1988: 6.35%1990: 9.84%1992: 8.32%1994: 8.28%1996: 7.84%1998: 5.18%2000: 9.3%2002: 8.56%2004: 9.15%2006: 8.85%2008: 12.21%2010: 13.07%2012: 15%2014: 17.16%2016: 10.65%2018: 14.59%2020: 6.67%2022: 14.9%2024: 11.48%2025: 8.95%
Change over the period: −3.78 pp Annual average: -0.06 pp
Fuel imports (% of merchandise imports) — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 8.95 −2.53 pp
2024 11.48 −1.72 pp
2023 13.21 −1.7 pp
2022 14.9 +7.35 pp
2021 7.55 +0.88 pp
2020 6.67 −5.39 pp
2019 12.07 −2.53 pp
2018 14.59 +3.44 pp
2017 11.16 +0.51 pp
2016 10.65 −1.84 pp
2015 12.49 −4.67 pp
2014 17.16 −1.88 pp
2013 19.04 +4.04 pp
2012 15 +0.56 pp
2011 14.45 +1.38 pp
2010 13.07 +0.64 pp
2009 12.43 +0.21 pp
2008 12.21 +3.31 pp
2007 8.91 +0.05 pp
2006 8.85 −0.51 pp
2005 9.36 +0.22 pp
2004 9.15 +1.39 pp
2003 7.76 −0.8 pp
2002 8.56 −0.35 pp
2001 8.91 −0.39 pp
2000 9.3 +3.88 pp
1999 5.42 +0.24 pp
1998 5.18 −2.41 pp
1997 7.59 −0.25 pp
1996 7.84 +0.62 pp
1995 7.22 −1.06 pp
1994 8.28 −0.92 pp
1993 9.21 +0.88 pp
1992 8.32 −0.02 pp
1991 8.35 −1.49 pp
1990 9.84 +1.11 pp
1989 8.72 +2.38 pp
1988 6.35 −1.07 pp
1987 7.42 −2.18 pp
1986 9.6 −6.12 pp
1985 15.71 −0.04 pp
1984 15.75 −0.5 pp
1983 16.25 +0.7 pp
1982 15.54 −0.92 pp
1981 16.47 −0.26 pp
1980 16.73 −2.89 pp
1979 19.62 +7.85 pp
1978 11.76 −1.06 pp
1977 12.83 +0.55 pp
1976 12.27 −0.42 pp
1975 12.7 +0.57 pp
1974 12.13 +4.2 pp
1973 7.93 +0.26 pp
1972 7.68 −0.42 pp
1971 8.09 −1.15 pp
1970 9.24 −0.7 pp
1969 9.93 −1.18 pp
1968 11.11 +3.14 pp
1967 7.98 +0.28 pp
1966 7.7 −1.36 pp
1965 9.06 −0.29 pp
1964 9.35 −1.99 pp
1963 11.35 −1.39 pp
1962 12.73

Northern Europe, 2025

The same indicator for neighboring countries — with links to their pages

About the indicator

The share of fuel in merchandise imports — the reverse side of fuel dependence. The indicator measures vulnerability to rising energy prices: a country spending a quarter of its imports on fuel loses as much when prices double as an exporter does when they fall. The series reacts visibly to oil shocks, and it shows that in the 1970s the share of fuel in the imports of developed countries rose several times over.

Important: The share is of value, not of volume, so it rises when fuel becomes more expensive even with no change in physical deliveries. The aggregate is weighted by merchandise imports — the denominator of the indicator.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.