Iceland Balance of Trade  1960-2016 | Data | Chart | Calendar | Forecast

Iceland recorded a trade deficit of ISK 12.3 billion in November, compared to ISK 0.5 billion gap in the same month of the previous year. Exports decreased 20.0 percent to ISK 41.2 billion, dragged down by lower sales of marine products (-26.9 percent from +15.5 percent in October); manufacturing (-19.0 percent from -10.2 percent) and food and beverages (-9.8 percent). In contrast, imports rose 9.0 percent to ISK 53.5 billion , mainly driven by transport equipment (+69.6 percent from -6.5 percent); industrial supplies (+7.41 percent from -13.1 percent); capital goods (+1.50 percent from -19.40 percent) and fuels and lubrificants (+6.52 percent from +18.9 percent). Balance of Trade in Iceland averaged -251.60 ISK Million from 1960 until 2016, reaching an all time high of 24063.60 ISK Million in December of 2008 and a record low of -25843.30 ISK Million in December of 2006.

Iceland Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-06 09:00 AM Sep ISK -3.2B ISK -13B ISK -8.8B
2016-11-04 09:00 AM Oct ISK 2.9B ISK -3.3B ISK -9.4B
2016-12-06 09:00 AM Nov ISK -12.3B ISK 1.5B ISK -6.9B
2017-01-09 09:00 AM Dec ISK-12.3B
2017-02-03 09:00 AM Jan
2017-03-03 09:00 AM Feb




Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -12300.00 1532.20 24063.60 -25843.30 ISK Million [+]
Exports 41200.00 49178.80 63354.30 0.78 ISK Million [+]
Imports 53500.00 47646.60 66338.70 1.21 ISK Million [+]
Current Account 100.40 32.50 100.40 -137.24 ISK Billion [+]
Current Account to GDP 4.20 3.30 5.70 -23.20 percent [+]
External Debt 3069611.00 3293544.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 27.86 15.90 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Foreign Direct Investment -87880.00 6348.00 199978.00 -93255.00 ISK Million [+]
Terrorism Index 0.25 1.22 1.22 0.00 [+]
Tourist Arrivals 158542.00 175335.00 241559.00 10592.00 [+]



Iceland Balance of Trade Notes

Iceland's economy is highly export-driven. Iceland’s main exports are fish and fish products, aluminum and alloys and animal products. Iceland’s main imports are machinery and equipment, petroleum products, foodstuffs and textiles. European Union is by far its largest trading partner, accounting for about 75% of exports and 60% of imports. Other major trading partners are The United States and Japan. This page provides the latest reported value for - Iceland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-12300.00 1532.20 24063.60 -25843.30 1960 - 2016 ISK Million Monthly
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