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

Iceland recorded a trade deficit of ISK 4.4 billion in December, compared to ISK 9.3 billion gap in the same month of the previous year. Exports decreased 13.9 percent to ISK 41.4 billion and imports dropped 20.1 percent to ISK 45.8 billion. Balance of Trade in Iceland averaged -256.77 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)
2016-11-04 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 -4.4B ISK-11.7B ISK-7.6B
2017-02-06 09:00 AM Jan ISK -4.4B
2017-03-06 09:00 AM Feb
2017-04-06 09:00 AM Mar




Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -4400.00 -11659.30 24063.60 -25843.30 ISK Million [+]
Exports 41400.00 41016.20 63354.30 0.78 ISK Million [+]
Imports 45800.00 52675.50 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 3002528.00 3069611.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 129102.00 27.86 129102.00 -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 124780.00 131723.00 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-4400.00 -11659.30 24063.60 -25843.30 1960 - 2016 ISK Million Monthly
Current Prices, NSA



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Brazil 4415.00 Dec/16
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China 408.18 Dec/16
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Congo 1001.80 Dec/14
Costa Rica -569.90 Nov/16
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Cuba -9578.00 Dec/15
Cyprus -338508.00 Nov/16
Czech Republic 37502.29 Nov/16
Denmark 5123.30 Nov/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
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Egypt -3166.00 Oct/16
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Finland -150.00 Nov/16
France -4377.00 Nov/16
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Germany 22618.00 Nov/16
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Guinea 32.97 Sep/16
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Hungary 280000.00 Nov/16
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India -10369.40 Dec/16
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Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 4044600.00 Nov/16
Israel -1442.80 Dec/16
Italy 4202.85 Nov/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 153.00 Nov/16
Jordan -746551.00 Oct/16
Kazakhstan 1297.60 Nov/16
Kenya -73063.30 Oct/16
Kosovo -202700.00 Nov/16
Kuwait 1422.20 Sep/16
Kyrgyzstan -206.70 Oct/16
Laos -339.15 Jun/16
Latvia -122.10 Nov/16
Lebanon -1222.52 Oct/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -26.10 Nov/16
Luxembourg -0.80 Oct/16
Macau -6026970.00 Nov/16
Macedonia -186849.00 Nov/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9030.00 Nov/16
Maldives -157.50 Sep/16
Mali -226.10 Sep/15
Malta -102800.00 Nov/16
Mauritania -79.64 Mar/16
Mauritius -8218.00 Oct/16
Mexico 200.00 Nov/16
Moldova -135.80 Nov/16
Monaco -104.50 Jun/16
Mongolia 362.30 Dec/16
Montenegro -132470.00 Nov/16
Morocco -13866.00 Nov/16
Mozambique -434.30 Sep/16
Myanmar -181.40 Apr/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5544.00 Nov/16
New Caledonia -7307.00 Oct/16
New Zealand -704.62 Nov/16
Nicaragua -212.90 Sep/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 23279.00 Dec/16
Oman 119.20 Jul/16
Pakistan -289139.00 Dec/16
Palestine -320.60 Oct/16
Panama -961388.00 Nov/16
Papua New Guinea 3223.00 Jun/16
Paraguay -453352.00 Dec/16
Peru 279.00 Nov/16
Philippines -2566000.00 Nov/16
Poland 102.00 Nov/16
Portugal -790.68 Nov/16
Puerto Rico 2801.60 Oct/16
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Republic of the Congo 4092.35 Dec/10
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Russia 9137.00 Nov/16
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Singapore 6120.70 Dec/16
Slovakia 287.00 Nov/16
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South Africa -1091.85 Nov/16
South Korea 7000.00 Dec/16
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Spain -1833000.00 Oct/16
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Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -1100.00 Nov/16
Switzerland 3636.00 Nov/16
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Tanzania -88.90 Oct/16
Thailand 1540.00 Nov/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -992.50 Dec/16
Turkey -4113.35 Nov/16
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Ukraine -235.50 Nov/16
United Arab Emirates 328300.00 Dec/15
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