Tomatoes — Terms of trade in Iceland
Iceland: Tomatoes — Terms of trade was 32.3 % in 2024. ▼ Falling
Tomatoes — Terms of trade in Iceland, 2010–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Iceland recorded 32.3 % for tomatoes — terms of trade in 2024.
The figure is up 11.6% on the previous year and down 66.6% over ten years.
Over the whole period, tomatoes — terms of trade in Iceland peaked at 103.76 % in 2015 and was at its lowest, 26.63 %, in 2022.
That places Iceland 80th out of 94 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Tomatoes — Terms of trade in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2010 | 85.05 % | — |
| 2011 | 55.52 % | -34.7% |
| 2012 | 61.6 % | +11.0% |
| 2013 | 91.01 % | +47.7% |
| 2014 | 96.67 % | +6.2% |
| 2015 | 103.76 % | +7.3% |
| 2016 | 100.23 % | -3.4% |
| 2017 | 74.42 % | -25.8% |
| 2018 | 81.16 % | +9.1% |
| 2019 | 71.01 % | -12.5% |
| 2020 | 71.23 % | +0.3% |
| 2021 | 70.8 % | -0.6% |
| 2022 | 26.63 % | -62.4% |
| 2023 | 28.95 % | +8.7% |
| 2024 | 32.3 % | +11.6% |
Iceland compared with similar countries
- Iceland's 32.3 % is below the median for high income countries, which is 97.83 %, 33% of the median. (46 countries reporting)
- Iceland's 32.3 % is below the median for Europe & Central Asia, which is 111.46 %, 29% of the median. (41 countries reporting)
Biggest year-on-year movements
Years where Tomatoes — Terms of trade in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -62.4% | 70.8 % | 26.63 % |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 82.04 % | 55.52 % | 103.76 % | 10 |
| 2020s | 45.98 % | 26.63 % | 71.23 % | 5 |
Countries ranked near Iceland
- 77 Russian Federation 44.24 % compare
- 78 Antigua and Barbuda 42.1 % compare
- 79 Barbados 34.93 % compare
- 81 Oman 29.48 % compare
- 82 El Salvador 26.68 % compare
- 83 Ghana 25.52 % compare
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 tomatoes — terms of trade in Iceland?
- Tomatoes — terms of trade in Iceland was 32.3 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest tomatoes — terms of trade recorded in Iceland?
- The highest recorded value was 103.76 % in 2015.
- What is the lowest tomatoes — terms of trade recorded in Iceland?
- The lowest recorded value was 26.63 % in 2022.
- How does Iceland rank for tomatoes — terms of trade?
- Iceland ranks 80th out of 94 countries with data for 2024.
- Is tomatoes — terms of trade rising or falling in Iceland?
- Over the last ten years it is down 66.6%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Tomatoes — Terms of trade. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 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