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Shopping in Iceland

Leave enough room in your suitcase for some Icelandic souvenirs

Stores in Iceland are similar to those in Europe and North America, with a wide variety of merchandise and souvenirs to bring back home. You will find noteworthy local specialities like woollen knitwear with unique patterns (e.g. lopapeysa sweaters) and tasty Icelandic liquorice candies. 

Icelandic gift ideas

Iceland has many traditional craftsmen and craftswomen who create silver jewellery, gifts made of lava stones or fish leather, and handmade ceramics. There are also contemporary designers who create one-of-a-kind homeware and modern clothing.

We'd suggest perusing the many shops to get a feel for the local style and try on the famous woollen jumpers and scarves.

Business hours: when are shops open?

Most shops in Iceland are open between 09:00 and 18:00 from Monday to Friday, and between 10:00 and 16:00 on Saturdays. Many shops are closed on Sundays with exception of shopping malls in Reykjavik and some shops on the capital's downtown streets.

Tax-free refunds

A refund of local Value-added Tax (VAT) is available for all visitors to Iceland. The refund results in a reduction of up to 15% off retail prices, provided that departure from Iceland is within three months of the date of purchase. The purchase amount must be no less than 4.000 ISK (VAT included) per store, purchased in the same day.

If the refund value of the tax-free forms exceeds 5.000 ISK, the goods (except woollens) may need to be shown at customs before check-in. All other forms can be refunded directly in cash at Landsbanki Íslands in the departure hall of Keflavík International Airport.

Need more Iceland expertise? Speak to our local consultants.

Thinking of planning a trip? Look at our range of tour and travel packages.

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