Raw milk of cattle — Terms of trade in Iceland
Iceland: Raw milk of cattle — Terms of trade was 589.1 % in 2024. ◆ Volatile
Raw milk of cattle — Terms of trade in Iceland, 2011–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, raw milk of cattle — terms of trade in Iceland stood at 589.1 %. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 508.2% on the previous year and up 526.2% over ten years.
Over the whole period, raw milk of cattle — terms of trade in Iceland peaked at 589.1 % in 2024 and was at its lowest, 80.51 %, in 2016.
That places Iceland 2nd out of 93 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Raw milk of cattle — Terms of trade in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 162.76 % | — |
| 2012 | 101.27 % | -37.8% |
| 2013 | 173.61 % | +71.4% |
| 2014 | 94.08 % | -45.8% |
| 2015 | 172.31 % | +83.2% |
| 2016 | 80.51 % | -53.3% |
| 2017 | 109.08 % | +35.5% |
| 2018 | 116.07 % | +6.4% |
| 2019 | 81.56 % | -29.7% |
| 2020 | 81.07 % | -0.6% |
| 2021 | 80.75 % | -0.4% |
| 2022 | 183.56 % | +127.3% |
| 2023 | 96.86 % | -47.2% |
| 2024 | 589.1 % | +508.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 121.25 % | 80.51 % | 173.61 % | 9 |
| 2020s | 206.27 % | 80.75 % | 589.1 % | 5 |
Countries ranked near Iceland
More agriculture & rural data for Iceland
- Agriculture, forestry, and fishing, value added (current US$), annual 19.96 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0365 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 3,593 current US$ per person (2025)
- Rural population, annual growth rate 0.8983 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.0578 units per person (2025)
- Share of GDP from agriculture 3.7% (2025)
- Agriculture as a share of GDP vs. GDP per capita 3.7% (2025)
- Agricultural raw materials exports 0.5% (2025)
- Agricultural raw materials imports 1.0% (2025)
Frequently asked questions
- What is raw milk of cattle — terms of trade in Iceland?
- Raw milk of cattle — terms of trade in Iceland was 589.1 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest raw milk of cattle — terms of trade recorded in Iceland?
- The highest recorded value was 589.1 % in 2024.
- What is the lowest raw milk of cattle — terms of trade recorded in Iceland?
- The lowest recorded value was 80.51 % in 2016.
- How does Iceland rank for raw milk of cattle — terms of trade?
- Iceland ranks 2nd out of 93 countries with data for 2024.
- Is raw milk of cattle — terms of trade rising or falling in Iceland?
- Over the last ten years it is up 526.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Raw milk of cattle — Terms of trade. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The food and agricultural trade indicators dataset is based on trade, production and gross domestic product (GDP) data. Agri-food trade data are collected, processed and disseminated by FAO according to the standard International Merchandise Trade Statistics (IMTS) Methodology. The data is mainly provided by UNSD, Eurostat, and other national authorities as needed. The source data is checked for outliers, trade partner data is used for non-reporting countries or missing cells, and data on food aid is added to take total cross-border trade flows into account. The trade database includes the following variables: export quantity, export value, import quantity, and import value. It includes all food and agricultural products imported/exported annually by all countries in the world. Production data details are available at https://www.fao.org/faostat/en/#data/QCL and GDP data details are available at https://www.fao.org/faostat/en/#data/MK