Iceland Balance of Trade  1960-2017 | Data | Chart | Calendar | Forecast

Iceland recorded goods trade deficit of ISK 16.2 billion in March, compared to ISK 21.8 billion gap a year earlier. Exports shrank 10.6 percent to ISK 39.5 billion, dragged down by a decline in sales of marine (-20.1 percent vs -65 percent in February) and manufacturing products (-3.5 percent vs -26.9 percent) and slower growth in exports of agricultural products (8.3 percent vs 80 percent). Imports declined at a faster 16 percent, led by transport equipment (-57.9 percent vs 95.1 percent), capital goods (-9.2 percent vs 12.9 percent) and food and beverages (-15.7 percent from 2.7 percent). Balance of Trade in Iceland averaged -316.49 ISK Million from 1960 until 2017, 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)
2017-02-06 09:00 AM Jan ISK-6.7B ISK -8.1B ISK -2.7B
2017-03-06 09:00 AM Feb ISK-10.9B ISK-8.6B ISK -9.8B
2017-04-06 09:00 AM Mar ISK-16.2B ISK-12.7B ISK-17.4B
2017-05-05 09:00 AM Apr ISK-16.2B ISK -7.1B
2017-06-07 09:00 AM May
2017-07-06 09:00 AM Jun




Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -16200.00 -12734.00 24063.60 -25843.30 ISK Million [+]
Exports 39500.00 31557.10 63354.30 0.78 ISK Million [+]
Imports 55700.00 44291.10 66338.70 1.21 ISK Million [+]
Current Account 44.72 100.67 100.67 -137.24 ISK Billion [+]
Current Account to GDP 4.20 3.30 5.70 -23.20 percent [+]
External Debt 2823222.00 3052311.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 112.57 53.09 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Foreign Direct Investment -78286.00 14919.00 199978.00 -90129.00 ISK Million [+]
Remittances 825.00 521.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.25 1.22 1.22 0.00 [+]
Tourist Arrivals 124780.00 131723.00 241559.00 10592.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-16200.00 -12734.00 24063.60 -25843.30 1960 - 2017 ISK Million Monthly
Current Prices, NSA



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