Iceland was Turkey’s 130th largest goods export market in 2011.
Turkish goods exports to Iceland in 2011 were 13.7 million $, up 84.6% (7.4 million $) from 2010, and down 416% from 2002.
The top export categories (2-digit sitc) for 2011 were: petroleum, petroleum products and related materials (4.2 million $); crude fertilizers (1.4 million $); road vehicles (including air-cushion vehicles) (0.99 million $); plastics in non-primary forms (0.87 million $); articles of apparel and clothing accessories (0.86 million $).
Iceland was Turkey’s 95th largest supplier of goods imports in 2011.
Turkish goods imports from Iceland totaled 27.9 million $ in 2011, up 54.4% (18 million $) from 2010, and up 767% from 2002.
The top 5 imports categories (2-digit sitc) for 2011 were: fish (not marine mammals) (10.6 million $); iron and steel (10.2 million $); machinery specialized for particular industries (2.9 million $); general industrial machinery and equipment and machine parts (1.9 million $); animal oils and fats (0.5 million $).
The trade deficit of goods with Turkey was 14.1 million $ in 2011, a 33% increase (10.6 million $ deficit) over 2010.
There was no FDI flow from Turkey to Iceland until 2011. In 2011 Turkish FDI stock in Iceland is 1 million $.