Concerns Trump election might hit Icelandic exports

The advent of Donald Trump as new President of the United States could affect future American trade in Iceland exports, according to Iceland economists.

Americans are by far the biggest customers of Icelandic tourism service exports, spending ISK 95.5 billion (approx. $845 million) in dollars.

Economists from Icelandic bank Landsbankinn are concerned that Trump’s rather negative outbursts regarding international trade and cooperation during the presidential election campaign could have an effect on Icelandic export trade with the USA.

MORE: Clinton got 85% of votes in Iceland

78% of Iceland’s total exports to the USA are service-related, while 22% are exports of goods.

“It is impossible to say at this stage how much of [Trump’s stated intentions] will actually come about, and which of the new President’s decisions over the next period of office with have a direct and indirect impact on the Icelandic economy,” reads a new Landsbankinn report.




4 °C



9 °C



8 °C

Warning: Yellow More

Exchange rates

USD USD 123.94 EUR EUR 140.40
GBP GBP 158.89 DKK DKK 18.82
NOK NOK 14.61 SEK SEK 13.68
CHF CHF 122.99 JPY JPY 1.09
ISK price of selected currencies, according to the official exchange rate of the Central Bank of Iceland. Updated daily.