Foreign Trade Specialist salary in Iceland

Average Yearly Salary of Foreign Trade Specialist in Iceland is approximately 12,556,606 ISK (87,910 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Foreign Trade Specialist do?

A foreign trade specialist is a professional who specializes in facilitating and managing international trade activities between countries. They are responsible for analyzing market trends, identifying potential business opportunities, and developing strategies to expand trade relations. Foreign trade specialists also play a crucial role in negotiating contracts, ensuring compliance with international regulations, and resolving any issues related to import/export operations. Their job involves conducting market research, identifying target markets, and establishing relationships with foreign clients and suppliers. They must possess strong analytical skills, excellent communication and negotiation abilities, and have a deep understanding of global trade policies and regulations. Additionally, foreign trade specialists need to stay updated with the latest industry trends and economic developments.

Skills: Foreign trade specialist, International trade, Market analysis, Business development, Negotiation skills, Global trade regulations
Job industry: International trade

How much does Foreign Trade Specialist make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Foreign Trade Specialist a well paid job?

Yes, our data shows that Foreign Trade Specialist is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Foreign Trade Specialist?

High salary for Foreign Trade Specialist would be somewhere between 13,812,267 ISK and 18,207,079 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Foreign Trade Specialist in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 12,556,606 ISK
Estimated Monthly Salary: 1,046,384 ISK
Estimated Weekly Salary: 241,473 ISK per week
Estimated Hourly Salary: 6,037 ISK per hour
By working as Foreign Trade Specialist a person can save up to 4,597 USD per month or 55,164 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Foreign Trade Specialist

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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