International Trade in Iceland

International Trade in Iceland

After a period of continuous growth between the second half of the 1990s and 2007, Iceland was badly hit by the global international crisis since October 2008. The rapid expansion of the Icelandic financial system was done in an incautious and immoderate fashion and it has left Iceland... Read more

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Market Analyses About Iceland (6)

Import and Export Services in Iceland (102)

  • High Beam Global

    High Beam Global

    Market Research, Iceland

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...
  • Has Kaucuk

    Has Kaucuk

    B2B Marketing, Iceland

    Being active as from 1995, HAS KAUÇUK A.Ş. continues its activities as leader of the sector with its expert technical staff and...

Business Tips About Iceland (2)

Agents and Distributors in Iceland (2)

  • Ewell Medical

    Ewell Medical

    Medical Products Sales and Distribution, Iceland

    Ewell Medical Co., Ltd. was established to supply aesthetic and medical products to partners around the world. Our main products are PDO...
  • Modern Sourcing Co., Ltd

    Modern Sourcing Co., Ltd

    Custom Manufacturing, Iceland

    Modern Sourcing is a sourcing agency focused on Vietnam. We provide high quality solutions at competitive prices for trade and business...

Overview About International Trade in Iceland

Main Industry Sectors

The Icelandic economy relies partly in its renewable natural resources and its related industries: deep sea fishing, hydraulic and geothermal power and pastures.  It has been several years that its economy has also grown thanks to the services sector. As a fact, Iceland has become the rear-base of several companies specialized in computers and software. 
There are also many calling centers in the Icelandic territory.

 

Economic Overview

After a period of continuous growth between the second half of the 1990s and 2007, Iceland was badly hit by the global international crisis since October 2008. The rapid expansion of the Icelandic financial system was done in an incautious and immoderate fashion and it has left Iceland completely vulnerable to affront the international financial shocks, up to the point of practically inducing the country into a situation of "national bankruptcy".  In top of this, during the last recent years, Iceland's economy has been stimulated by a real estate boom, which now, has contributed to destabilize the economic situation even more due to the current difficulties in obtaining mortgages.

Confronted to the total collapse of its financial sy...

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