Home > Home > Country Info > Iceland


EDC Position-open all programs

EDC's Position

  • Targeted approach to business
  • Open under all programs, subject to regular approval criteria

Submit an online inquiry form

Country At A Glance

Flag of Iceland
Map of Iceland

Country Facts

Nominal GDP16.72 Billion USD
Population0.33 Million
Total Trade/GDP99.67%
CurrencyIceland Krona (ISK)
Merchandise Imports from Canada88.13 Million CAD
Canadian direct investment10 Million CAD
Main importsIndustrial Supplies, Capital Goods, Transportation Equipment, Consumer Goods

EDC in Iceland

Canadian companies assisted39
International buyers insured27
Business volume15.21 Million CAD

Business Environment

Canada and Iceland have an established trade and investment relationship spurred on by Iceland’s continued recovery from the European financial crisis in 2010. While heavily dependent on the fishing industry, Iceland is diversifying its economy and with the 2009 free trade agreement between Canada and European Free Trade Association (EFTA) countries, Canada’s trade with Iceland continues to grow. Energy has been the major focus of Canadian investment in Iceland. EDC sees business and investment potential across a range of sectors in the market.

Key Industries

  • Clothing & Textiles
  • Food & Beverage
  • Machinery - Packaging, Industrial & Analytical Instruments
  • Oil and Gas

How we can support your business

Through our representation in London, United Kingdom, we provide regional support to Canadian companies planning on or currently doing business in Iceland. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Related Information

Ready to make the jump to exporting?

Ready to make the jump to exporting?

Let the Discover New Markets guide be your first step.

Download now