Iceland’s import of Aluminium Plates, Sheets and Strips during 2018-20 demonstrates marginal movement; expenditure rises

The economy of Iceland is predicted to recover in 2021, as the global economy reopens and international travel resumes. Although there is uncertainty over the evolution of the pandemic lingers and clouds the outlook, posing a key downward risk to recovery. As per FocusEconomics panellists, the economy is expected to grow by 4.7% in 2021.

The Nordic island nation’s import of aluminium plates, sheets and strips during 2018-19 was recorded at 4610 tonnes and the expenditure for the import stood at $16.33 million. The import for 2020 remained at 2473 and the expenditure stood to $12.08 million. However, when the import volume and expenditure of 2020 got assorted with the existing two years, it denotes 7083 tonnes and $28.41 million respectively.

Iceland’s import of aluminium plates, sheets and strips in 2018 stood at 2429 tonnes and the expenditure for remained at $9.48 million, whereas, in 2019, the import saw de-growth by 10.20%, as the import volume dropped to 2181 tonnes.

The import for 2020 demonstrated with the growth of 13.38%, as the import volume rose to 2473 tonnes and the expenditure surged to $12.08 million.

Iceland’s major trading destinations for the importation of aluminium plates, sheets and strips are Belgium, China, Czech Rep., Denmark, France, Germany, Italy, Latvia, Netherlands, Norway, etc.