5 Products worth importing from Iceland
If you are a company always looking for International business opportunities, Iceland is an interesting country and one which is often overlooked. There are many interesting and different opportunities in Iceland. Below we look at 5 items you might want to import from Iceland.
Seafood and Fish Products
Iceland’s economy is based on the country’s export of fish and seafood throughout Europe and America. The exports of seafood actually make up 40% of the countries income from export sector. The reason is the supply of high quality fish that are caught in the unpolluted, fresh waters of the northern Atlantic. The secure supply of fish and the size of the exclusive fishing zone allow up to 2 million tonnes of fish caught in total, with Atlantic Cod being the most highly prized and important catch.
Iceland’s medicinal and medical product turnover has been consistently increasing over the last 10 years, with products such as medical software and diagnostic technology being exported. However it is in the area of Prosthetic devices that Iceland has become a world leader over the last few years in particular.
Aluminium production is one of the industries in Iceland that is geared for the export market with large scale plants. Aluminium now accounts for nearly 20% of the county’s commodities and manufacturing exports.
Due to the level of education of computer and I.T. specialists, Iceland has become internationally recognised as leaders within the field. The majority of software developed is in the medical industry and also in fishing.
Over the last few years there has been a huge increase in the export of Icelandic Horses. Not only are they easy to handle and intelligent but their strength and sure-footedness have made them increasing popular within the horse sport and racing industries.
Events and Thoughts
Make sure to read our article all about the Icelandic fisheries industry because this is one of the key events for trade.
- Icelandic Fisheries show - this event takes place every three years and is a show at which sizeable deals and contacts are made. A great show for freight companies.
- Iceland is beginning to rebuild its economy after the problems it faced when the country collasped a few years ago, virtually going broke. A new trade agreement with China seems to be a sign of the changing tide of Iceland's economy.
- We are experts in dealing with freight to and from Iceland to the UK and worldwide including China. Email BOB!
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