Fisheries
Fish and fish products constitute around half of Iceland's exports of goods and are thus by far the most important industry. The continental shelf around Iceland, where the warm Gulf Stream and the cold nutrient currents from the Arctic meet, offers very favourable conditions for various kinds of marine life, and are rich fishing grounds. The fishing territory, which is Iceland's main natural resource, requires strict protection, and fish catches are tightly controlled. The main species are: cod, haddock, saithe, redfish, herring and capelin.
