This is a best prospect industry sector for this country. Includes a market overview and trade data.

Overview

Fishing and fish processing are among the main pillars of the Icelandic economy, and the annual catch amounts to more than one million tons.  Aquaculture is a growing industry in Iceland. Producers who want to introduce a product to the Icelandic market should consider finding a local agent or distributor.
 
 2014201520162017 (Estimated)
Total Local Production    
Total Exports    
Total Imports    
Imports from the US
 		    
Total Market Size    
Exchange Rates    
(total market size = (total local production + imports) - exports)

Leading Sub-Sectors

Specialized and advanced processing equipment; fly and sport fishing equipment; technology related to fish farming.

Opportunities

There is market for specialized and advanced U.S. equipment. Fly fishing is very popular and has become a $16 million industry in Iceland. The demand for fishing gear for fly fishing and sport fishing is growing steadily. As the aquaculture industry is growing rapidly, the demand for technology related to fish farming is also incresing.

Web Resources

Fisheries Iceland (www.sfs.is)
Icelandic Aquaculture Association (TIAA) (http://www.lf.is/en/forsida-2/)  
Ministry of Industry and Innovation (eng.atvinnuvegaraduneyti.is/)
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.