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 (111)

  • 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...
  • testm

    testm

    Payment Solutions, Iceland

    test long description test test test test test testtest test testtest test testtest test testtest test testtest test test test...

Business Tips About Iceland (2)

Agents and Distributors in Iceland (5)

  • 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...
  • 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...

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...

News Related to International Trade in Iceland

  • Iceland unveils memorial plaque for lost glacier - Aug 21, 2019

    Iceland unveiled a plaque to its Okjokull ice sheet on Sunday, the first of the country's hundreds of glaciers to melt away due to climate change.

    Source: Reuters

  • Iceland raises VAT on hotels and other services - Mar 27, 2019

    Iceland has reshuffled its reduced VAT rates on a number of services. A number of services were previously categorised at the lower, 7% reduced VAT rates.  These have now been upgraged to the stand

    Source: VAT Live

  • Iceland told to withdraw VAT measures - Mar 27, 2019

    The Icelandic government has been asked to unwind a number of VAT compliance measures by the European Free Trade Association (EFTA). It concluded that the VAT simplification changes provided unfair st

    Source: VAT Live