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    Insurance

    Trade credit insurance

    Select Credit Insurance

    Get short-term coverage for occasional exports

    Portfolio Credit Insurance

    Maintain ongoing coverage for active exporters

    Compare trade credit insurance solutions

    Featured

    Insure your exports
    Female designers work in modern office

    Insure your exports

    Learn how credit insurance safeguards your business and opens doors to new markets.

    Coulson Aviation’s growth
    Coulson Aviation plane on a runway.

    Coulson Aviation’s growth

    See how portfolio credit insurance helped this Canadian innovator expand.

    Guarantees

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    Export Guarantee Program

    Increase borrowing power for exports

    Account Performance Security Guarantee

    Free up cash tied to contracts

    Foreign Exchange Facility Guarantee

    Protect profits from exchange risk

    Trade Expansion Lending Program

    Unlock more working capital

    Explore working capital guarantees

    Featured

    Trade Impact Program
    Canada trade cargo container hanging against clouds background

    Trade Impact Program

    Access funding and resources to reach new markets.

    Clarius grows globally
    Smiling women holding Clarius portable ultrasound device in left hand and a smartphone in the right hand which shows an image of a fetal ultrasound.

    Clarius grows globally

    Find out how access to working capital fueled their expansion.

    Loans

    Export financing loans

    Direct Lending

    Secure a loan for global expansion

    Buyer Financing

    Get financing for international customers

    Structured and Project Finance

    Access funding for capital-intensive projects

    View loan solutions

    Featured

    Taste of Nature expands
    A canoeist paddles across a blue lake.

    Taste of Nature expands

    Find out how direct lending helped this snack brand go global.

    Miovision’s sustainable path
    busy city intersection

    Miovision’s sustainable path

    Learn how a Canadian tech firm turns sustainability into global opportunity.

    Investments

    Equity investments

    Investments

    Get equity capital for strategic growth

    Featured

    GoBolt scales sustainably
    Mark Ang, co-founder of GoBolt, smiling in front of a truck with the GoBolt logo and slogan.

    GoBolt scales sustainably

    Explore how GoBolt built a greener logistics network across borders.

    By industry

    Priority sectors

    Agri-food

    Find opportunities in agri-food trade

    Cleantech

    Expand your cleantech business

    Explore the businesses we support

    Featured

    Cleantech leaders 2025
    Eocycle’s high-performance wind turbine stands on a rural farm, where solar panels are installed on the farmhouse roof.

    Cleantech leaders 2025

    See how Canadian cleantech firms are advancing global sustainability goals.

    Business Connections Program
    Woman seated at a table participating in a video conference

    Business Connections Program

    Build relationships with global buyers to help grow your international business.

  • Resources

    Popular topics

    In the spotlight

    Market diversification

    Explore strategies to enter new markets

    Tariffs

    Understand trade tariffs and how to manage their impact

    Risk management

    Learn ways to protect your business from uncertainty

    Supply chain resilience

    Build stronger supply chains for reliable operation

    Discover the trends shaping global trade

    Sector

    Agri-food

    Access tools and insights for agri-food exporters

    Mining and metals

    Find market intelligence for mining and metals exporters

    Cleantech

    Get insights to drive sustainable innovation

    Infrastructure

    Explore resources for infrastructure growth

    Export stage

    By export stage

    Start exporting

    Discover practical tools for first-time exporters

    Grow your export business

    Unlock strategies to manage risk and boost growth

    Expand your global presence

    Leverage insights and connections to scale worldwide

    Featured

    Strategic pricing for exporters
    Canadian exporter researching international pricing strategies on her phone in Mexico City.

    Strategic pricing for exporters

    Learn how pricing strategies help you enter new markets, manage risk and attract customers.

    Global economic outlook
    An engineer inspects shipping containers, illustrating global trade and export strategy.

    Global economic outlook

    Get expert insights and the latest economic trends to help guide your export strategy.

    Trade intelligence

    Market insights

    Indo-Pacific market intelligence

    Track trade trends in Indo-Pacific

    Europe market intelligence

    Uncover European market opportunities

    U.S. market intelligence

    Access insights on U.S. trade

    Global market search

    Browse countries and markets

    Learn about our solutions for market diversification

    Expert analysis

    EDC Economics

    Get expert analysis on markets and trends

    Trade Matters

    Discover stories shaping global trade

    Global Economic Outlook

    See what’s ahead for the world economy

    Country Risk Quarterly

    Monitor shifting global market risks

    Trade Confidence Index

    Read exporters’ perspectives on global trade

    Knowledge centre

    Digital tools

    Export Help Hub

    Get answers to your export questions

    Company InSight

    Research foreign companies before doing business

    InList

    Find trusted freight forwarders

    EDC | FITT Lite Learning Series

    Gain export skills with online courses

    Access all tools and resources with a free MyEDC account

    Content library

    Webinars

    Get insights and practical advice from leading experts

    Podcasts

    Listen to global trade stories

    Success stories

    Learn how exporters are thriving worldwide

    Case studies

    Explore export challenges and EDC solutions

    TradeInsights

    Discover resources for smarter exporting

  • About

    Our impact

    Who we are

    Discover our story

    What we do

    See how we help exporters

    Who we support

    Explore the companies we serve

    Our commitments

    Responsible trade

    Learn about our commitment to ESG

    Organizational governance

    Understand our governance framework

    Corporate reports

    See the results of our commitments

    Featured

    Trade Impact Program
    Canada trade cargo container hanging against clouds background

    Trade Impact Program

    Access funding and resources to reach new market

    Café William’s growth
    Packaged Café William espresso beans in focus with a factory background softly blurred.

    Café William’s growth

    Canadian coffee exporter scales sustainably

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Iceland

Wondering where your next market is? You’ve come to the right place.

Country Information Export Development Canada Europe and CIS
  1. Iceland
  2. Country and Market Info

Evaluating the market in Iceland

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria

How does EDC determine the position?

EDC takes the following into account when determining the position in a given market:

  • Government of Canada restrictions
  • Political, human rights and corruption risks
  • Other factors that may be taken into consideration are: size of the economy, diversification of the economy, risk of natural disasters
An icon representing a measurement gauge.

Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
 

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.
 



Read the latest Government of Canada travel advisory for this market.
 

Business environment in Iceland

Canada and Iceland have an established trade and investment relationship supported by the Canada-European Free Trade Association (CEFTA) Free Trade Agreement. While heavily dependent on tourism and the fishing industry, Iceland is seeking to diversify its economy. Energy has been the major focus of Canadian investment in Iceland, and Export Development Canada sees business and investment potential across a range of sectors in the market. Iceland’s economy is expected to grow at a robust pace, driven by surging tourism.

We understand opportunity

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Interested in growing your business in this market?

If you’re an existing customer, please contact your EDC account manager about any additional support you need. If you’re new to EDC, please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

Or send us a question and we’ll get back to you as soon as possible. Send a question.

Date modified: 2018-05-14

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