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

Iceland's trade gap fell to ISK 9.6 billion in August of 2017 from a ISK 12.9 billion gap a year earlier. Exports rose 13.3 percent to ISK 46 billion, boosted by sales of manufactured products (+30.1 percent); agricultural goods (18.8 percent) and marine products (1.7 percent). Imports gained 3.5 percent to ISK 55.5 billion due to higher purchases of industrial supplies (13.1 percent); transport equipment (72.5 percent) and consumer goods (6.8 percent). In contrast, imports fell for fuels and lubricants (-41.4 percent); food and beverages (-3.8 percent) and capital goods (-13 percent). Balance of Trade in Iceland averaged -422.08 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 Actual Previous Consensus TEForecast
2017-07-06 09:00 AM Balance of Trade ISK -12.8B ISK -19.3B ISK-13.8B
2017-08-04 09:00 AM Balance of Trade ISK -21.4B ISK -14B ISK-9.6B
2017-09-06 09:00 AM Balance of Trade ISK -9.6B ISK -22.8B ISK-16.2B
2017-10-05 09:00 AM Balance of Trade ISK -9.6B
2017-11-06 09:00 AM Balance of Trade
2017-12-06 09:00 AM Balance of Trade


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -9600.00 -22800.00 24063.60 -25843.30 ISK Million [+]
Exports 46000.00 35700.00 63354.30 0.78 ISK Million [+]
Imports 55000.00 58600.00 72700.00 1.21 ISK Million [+]
Current Account 16.29 8.21 100.85 -137.24 ISK Billion [+]
Current Account to GDP 8.00 5.50 8.00 -23.20 percent [+]
External Debt 2558252.00 2781676.00 15748529.00 280593.00 ISK Million [+]
Capital Flows -3.92 16.37 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Foreign Direct Investment -22404.00 -45408.00 199978.00 -90129.00 ISK Million [+]
Remittances 753.00 816.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.25 1.22 1.22 0.00 [+]
Tourist Arrivals 146429.00 153536.00 241559.00 10592.00 [+]

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



Iceland Balance of Trade

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-9600.00 -22800.00 24063.60 -25843.30 1960 - 2017 ISK Million Monthly
Current Prices, NSA




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -2099000.00 Jul/17
Switzerland 2173.00 Aug/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17