North America - 2020 Export from Iceland to the US and Canada

For more information on doing business in Iceland please visit Business Iceland

Bandaríkin

Samantekt á útflutning frá Íslandi til Bandaríkjanna (kynning pdf - excel skjal)

• Fjöldi ferðamanna frá Bandaríkjunum til Íslands dróst saman um 33% milli ára 2018 og 2019 miðað við met ár 2018 þegar tæplega 700.000 farþegar heimsóttu Ísland. Meginástæðan var gjaldþrot WOW air í mars 2019 ásamt fækkun áfangastaða hjá öðrum flugfélögum. Árið 2019 voru ferðamenn frá Bandaríkjunum 23.4% af heild eða 464.000 farþegar næst á eftir Bretlandi með 13.2%, Þýskalandi með 6.7% og Kína með 5%. N-Ameríka var stærsta markaðsvæðið með 534.000 farþega eða 27% af heild árið 2019. Farþegar árið 2020 voru rétt rúmlega 50.000.
• Heildarútflutningur til Bandaríkjanna milli ára:
• Sjávarafurðir voru um 56% af heildar virði útflutnings árið 2020
• Útflutningur sjávarafurða dróst saman í tonnum um 7.7% milli ára 2019/2020 miðað við 13.6% aukningu milli ára 2018/2019. Virði stóð í stað í rúmlega 26 milljörðum.
• Bandaríkin standa fyrir 10% af heildar virði útflutnings sjávarafurða frá Íslandi og er þriðji stærsti innflytjandi í heiminum af sjávarafurðum frá Íslandi. Tölurnar innihalda ekki upplýsingar um fiskeldi. Bandaríkin eru stærsti innflytjandi silungs frá Íslandi með um 1600 tonn og Danmörk fylgir eftir með 640 tonn. Bandaríkin eru sjötti stærsti innflytjandi þegar kemur að laxi en hluti af innflutningi til BNA fer í vinnslu í Póllandi, Danmörku og Hollandi og þaðan til BNA og markaðurinn þannig nokkuð stærri en tölurnar gefa til kynna.
• Miðgengi USD vs ISK styrktist um 10% 2019/2018 (13% styrking 2019/2018)

Export from Iceland to the US (presentation)

United States

• Tourism from the US to Iceland decreased by 33% between 2019 and 2018 vs a record year in 2018 with close to 700.000 tourists from the US to Iceland. The main reason is the fall of WOW air in March 2019 and other airlines dropping locations in the US. The US accounted for 23.4% (464.000) of the total followed by the UK at 13.2%, Germany at 6.7% and China at 5%. N-America is the largest market area for Iceland with 534.000 passengers in 2019. Just over 50.000 tourists visited Iceland from the US in 2020.
• Total export between years:
• 2019-2020 remained status quo between years
• 2018/2019 increased by 13% from 42 billion to 47 billion ISK
• 2017/2018 increased by 14.5% from 36 billion ISK 41.5 billion
• Seafood was 56% of the total export value in 2020
• There was a decrease in seafood volume by 7.7% in 2019/2020 vs 13% decrease in 2018/2019. Value remained the same.
• The US accounts for 10% of the total export in value of seafood from Iceland and the US is the third largest importer of Icelandic seafood. The numbers do not include farmed species. The US are the largest importer of farmed Arctic Char and number six when it comes to farmed salmon. A portion of Icelandic salmon is processed in Poland, Denmark and Holland and exported from there to the US, so the market size is to some extent larger than the direct export numbers tell.
• USD vs ISK (medium currency rate) strengthened by 10% in 2019/2020 vs 13% 2018/2019.

Kanada

Samantekt á útflutning frá Íslandi til Kanada (kynning pdf - excel skjal)

• Fjöldi ferðamanna frá Kanada til Íslands dróst saman um 30% milli ára 2018 og 2019 miðað við 3.3% samdrátt milli ára 2017 og 2018 og voru 70.000 farþegar árið 2019. Farþegar 2020 voru einungis 7000.
• Heildarútflutningur til Kanada milli ára:
• Sjávarafurðir eru 82% af heildar virði útflutnings árið 2020.
• Útflutningur sjávarafurða dróst saman um 8% í tonnum milli ára 2019/2020 og 12% m.v. 23% aukningu í magni 2018/2019. Útflutningur sjávarafurða var 2.500 tonn árið 2010 og rúm 16.000 tonn árið 2020.
• Kanada er númer tólf í röðinni yfir stærstu innflytjendur af íslenskum sjávarafurðum hvað varðar virði. Tölurnar innihalda ekki fiskeldi. Kanada er tíundi stærsti innflytjandi silungs frá Íslandi og tólfti stærsti innflytjandi á laxi.
• Miðgengi CAD vs ISK styrkist um 9.2% 2020 vs 2019

Export from Iceland to Canada (presentation)

Canada

• Tourism from Canada to Iceland decreased by 30% between 2018 and 2019 vs 3.3% decrease in 2017 vs 2018 a total of 70.000 passengers in 2019. N-America is the largest market area for Iceland with 534.000 passengers in 2019. Just over 7000 tourists visited Iceland from Canada in 2020.
• Total export between years:
• 2019/2020 total export was just shy of 9 billion ISK down from 27 billion. The reason is the absence of sales of airports and aluminum that skewed the numbers in 2018 and 2019.
• 2018/2019 exports increased by 122% from 12.5 billion ISK to 27.6 billion ISK. The reason is a jump in sales of seafood (3 billion ISK) and airplanes (17 billion ISK) export. Export of aluminum decreased significantly.
• 2017/2018 exports increased by 110% from 5.9 billion ISK to 12.4 billion ISK. The increase is due to aluminum export which increased by 6.6 billion ISK between years.
• Seafood was 82% of the total export value in 2020.
• Seafood export decreased in volume by 8% and value increased by 12% in 2020/2019 vs 23% increase in volume in 2019/2018. Seafood export was 2.500 tons in 2010 and over 16.000 tons in 2020.
• Canada is the 12^th largest importer of seafood from Iceland in terms of value. The numbers do not include fish farming. Canada is Iceland‘s 10^th largest importer of Arctic Char and 12^th largest salmon importer in terms of value.
• The CAD strengthens against the ISK by 9.2% in 2020/2019