• overview
  • strengths
  • Bilateral Agreements
  • bilateral trade
  • agencies
  • Indian Mission

US$ 22.53mn
FDI inflow to India from April 2000 to March 2020

US$ 17.13mn

is bilateral trade value in 2020-2021

Overseas Indians living in Iceland


business environment and educated labour force

Advanced infrastructure

for telecommunications networks and services


Iceland is among the leading countries in the world in terms of ICT- 2nd highest information technology skills in the world


Iceland has rich resources of hydroelectric and geothermal energy, which are responsibly harnessed--competitively priced green energy

Key sectors

Life sciences, tourism, data centres, algae culture, Renewable Energy, Fisheries, ICT, Biotechnology, and Arctic issues

India's Exports and Imports to Iceland

Invest in Iceland


Visit Website

Sundargardar 2, IS-104 Reykjavík

Embassy of India, Iceland


00354 – 5349955

Visit Website

Tungata 7, 101 Reykjavik


Agricultural exports

    Beer made from malt (220300)
    Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)


    Meat of bovine animals, frozen, boneless (020230)


    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)


    Chocolate & oth. food preps. cont. cocoa (excl. of 1806.20-1806.32) (180690)


    Food preps., n.e.s. (210690)
    Prepared foods obt. by the swelling/roasting of cereals/cereal prods. (190410)
    Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)


    Crustaceans, frozen, cold-water shrimps & prawns (pandalus spp. crangon crangon) in shell or not, smoking or not smoked, cooked or not before or during smaoking, in shell, cooked by steaming or by boiling in water
    Fish – fresh or chilled, cod (gadius, morhua gadus ogac, gadius macrocephalus), excluding fillet, liver, roes & other fish meat.
    Fish – fresh or chilled, n.e.c. in heading 0302 excluding fillet, liver, roes & other fish meat of heading 0304 (030289)
    Fish – fresh or chilled, swordfish (xiphias gladius) excluding fillet, liver, roes and other fish meat
    Molluscs; cuttle fish and squid, whether in shell or not, frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process.


Priority Sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Iceland
  • Fish and fish products
  • Food supplements
  • Cod liver oil
  • Ferrosilicon
  • Medicines
  • Aluminium products
  • Prosthetics and medical equipment
India's top export to Iceland
  • Organic chemicals
  • Apparels & accessories
  • Textile yarn
  • Cereals & cereal products

Bilateral Investors

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