Overview of best prospect sectors, major infrastructure projects, significant government procurements and business opportunities.
Last Published: 2/18/2019
Some of the attractive sectors in Iceland include:
  • Energy intensive sectors:  The majority of current U.S. investment in Iceland is in the aluminum sector.  Opposition towards heavy industry has increased, however, both within the government and in the general public.
  • Tourism:  The industry is among the fastest growing in Iceland.  Air travel is increasing and coordinated national efforts have helped to attract visitors throughout all seasons of the year. There is demand for new hotels and other infrastructure in the tourism industry.
  • The film industry: Iceland offers special tax incentives to attract film production. 
  • Consumer products: Iceland is dependent on imported goods.  Potential growth areas for exports to Iceland include electricity generating equipment, organic foods, fresh produce, wine and beer, computer equipment and software, high-tech fishing equipment, aircraft, and furniture.
  • Data processing and storage: Iceland's first large-scale data center opened in February 2012 and a few new have opened since then.

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.