Iceland Balance of Trade  1960-2018 | Data | Chart | Calendar | Forecast

Iceland recorded a trade deficit of 5400 ISK Million in January of 2018. Balance of Trade in Iceland averaged -521.24 ISK Million from 1960 until 2018, reaching an all time high of 24063.60 ISK Million in December of 2008 and a record low of -26553 ISK Million in December of 2017.

Iceland Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-06 09:00 AM Balance of Trade ISK-13.0B ISK -8.4B ISK-12.6B
2018-01-09 09:00 AM Balance of Trade ISK -20.1B ISK-8.7B IS -10.8B
2018-02-06 09:00 AM Balance of Trade ISK -5.4B ISK -26.6B ISK-12.4B
2018-03-06 09:00 AM Balance of Trade ISK -5.4B ISK -12.3B
2018-04-06 09:00 AM Balance of Trade ISK -12.9B
2018-05-07 09:00 AM Balance of Trade ISK -9.2B


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -5400.00 -26553.00 24063.60 -26553.00 ISK Million [+]
Exports 48500.00 43056.00 63354.30 0.78 ISK Million [+]
Imports 53900.00 69609.00 72899.20 1.21 ISK Million [+]
Current Account 68.14 15.04 100.77 -137.24 ISK Billion [+]
Current Account to GDP 8.00 5.50 8.00 -23.20 percent [+]
External Debt 2251.63 2567.80 13834732.00 280.59 ISK Billion [+]
Capital Flows 71.85 -3.37 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Remittances 1065.00 1102.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 135240.00 144641.00 284124.00 10592.00 [+]
Foreign Direct Investment -357.44 -21.28 199.98 -357.44 ISK Billion [+]

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



Iceland Balance of Trade

In 2017, Iceland's trade deficit widened sharply by 65 percent from the previous year to ISK 178 billion. Imports jumped 8 percent mainly boosted by higher purchases of industrial supplies, ships and transport equipment, while exports fell 4 percent due to a steep decline in marine products sales. The largest trade deficits were recorded with China, Norway, Germany, Denmark and Sweden; while the biggest trade surpluses were recorded with the Netherlands, Spain and France. 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-5400.00 -26553.00 24063.60 -26553.00 1960 - 2018 ISK Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -2050000.00 Dec/17
Switzerland 1323.45 Jan/18
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


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