Home > Salary > Iceland > Trader Commodities
A trader in commodities is an individual who buys and sells various raw materials or goods, such as metals, energy products, agricultural products, or financial instruments, with the aim of making a profit. They analyze market trends, monitor supply and demand, and make informed decisions on when to buy or sell commodities. Traders often work for financial institutions, investment firms, or commodity trading companies.
Estimated Yearly Salary: 15,722,054 ISK
Estimated Monthly Salary: 1,310,171 ISK
Estimated Weekly Salary: 302,347 ISK per week
Estimated Hourly Salary: 7,559 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,267,159 ISK
Estimated Weekly Salary: 292,421 ISK per week
Estimated Hourly Salary: 7,311 ISK per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 109,939 USD
Estimated Monthly Salary: 9,162 USD
Estimated Weekly Salary: 2,114 USD per week
Estimated Hourly Salary: 53 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 15,722,054 ISK
Estimated Monthly Salary: 1,310,171 ISK
Estimated Weekly Salary: 302,347 ISK per week
Estimated Hourly Salary: 7,559 ISK per hour
By working as Trader Commodities a person can save up to 6,433 USD per month or 77,193 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.
Estimated Yearly Salary for Trader Commodities
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Trader Commodities salary in Iceland
Average Yearly Salary of Trader Commodities in Iceland is approximately 15,722,054 ISK (109,939 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 Trader Commodities do?
A trader in commodities is an individual who buys and sells various raw materials or goods, such as metals, energy products, agricultural products, or financial instruments, with the aim of making a profit. They analyze market trends, monitor supply and demand, and make informed decisions on when to buy or sell commodities. Traders often work for financial institutions, investment firms, or commodity trading companies.
Skills: Trader, Commodities, Financial Markets, Supply and Demand, Market Analysis, Trading Strategies.
Job industry: Commodity trading
Job industry: Commodity trading
How much does Trader Commodities make?
Salary details
How much does Trader Commodities make?Estimated Yearly Salary: 15,722,054 ISK
Estimated Monthly Salary: 1,310,171 ISK
Estimated Weekly Salary: 302,347 ISK per week
Estimated Hourly Salary: 7,559 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 15,205,905 ISKEstimated Monthly Salary: 1,267,159 ISK
Estimated Weekly Salary: 292,421 ISK per week
Estimated Hourly Salary: 7,311 ISK per hour
Last revision of data: 2024-01-09Trader Commodities estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 109,939 USD
Estimated Monthly Salary: 9,162 USD
Estimated Weekly Salary: 2,114 USD per week
Estimated Hourly Salary: 53 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Trader Commodities job salary compared to average salary in Iceland.
Comparison shows that a person working as Trader Commodities in Iceland earns on average:
1.76 times the average salary (or 176% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Trader Commodities job salary compared to average salary in Iceland.
Comparison shows that a person working as Trader Commodities in Iceland earns on average:
1.76 times the average salary (or 176% of average salary).
Is Trader Commodities a well paid job?
Yes, our data shows that Trader Commodities 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 Trader Commodities?
High salary for Trader Commodities would be somewhere between 17,294,259 ISK and 22,796,978 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Trader Commodities 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: 15,722,054 ISK
Estimated Monthly Salary: 1,310,171 ISK
Estimated Weekly Salary: 302,347 ISK per week
Estimated Hourly Salary: 7,559 ISK per hour
By working as Trader Commodities a person can save up to 6,433 USD per month or 77,193 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 Trader Commodities
Norway is 154,120 USD
United Kingdom is 72,559 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Rtl engineer (14,142,557 ISK per year, pre-tax.)
Communications associate (6,959,110 ISK per year, pre-tax.)
Labor hand (4,828,731 ISK per year, pre-tax.)
Electronics design engineer (17,039,576 ISK per year, pre-tax.)
Senior contracts administrator (16,938,754 ISK per year, pre-tax.)
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