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

Iceland recorded a trade deficit of ISK 16.6 billion in May of 2017, compared to a ISK 17.3 billion shortfall a year earlier. Exports surged 7.3 percent to ISK 50.2 billion, boosted by the recovery in sales of agricultural products (76.9 percent vs -23.5 percent in April), marine products (3.3 percent vs -13.4 percent) and manufacturing (12.3 percent vs -12.6 percent). Imports rose at a slower 4.2 percent to ISK 66.7 billion, led by industrial supplies (4.4 percent vs 3.9 percent), fuels and lubricants (49.1 percent vs -28.3 percent) and capital goods, except transport (11.3 percent vs 12.1 percent). Balance of Trade in Iceland averaged -354.81 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 Forecast (i)
2017-04-06 09:00 AM Mar ISK-16.2B ISK-12.7B ISK-17.4B
2017-05-05 09:00 AM Apr ISK -11.2B ISK-16.1B ISK -7.1B
2017-06-07 09:00 AM May ISK -16.6B ISK -10.5B ISK -16.2B
2017-07-06 09:00 AM Jun ISK -16.6B
2017-08-04 09:00 AM Jul
2017-09-06 09:00 AM Aug




Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -16600.00 -10544.60 24063.60 -25843.30 ISK Million [+]
Exports 50200.00 41000.00 63354.30 0.78 ISK Million [+]
Imports 66700.00 52200.00 66700.00 1.21 ISK Million [+]
Current Account 11.09 44.60 100.19 -137.24 ISK Billion [+]
Current Account to GDP 8.00 5.50 8.00 -23.20 percent [+]
External Debt 2781676.00 2823222.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 18.56 113.44 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Foreign Direct Investment -46948.00 -78626.00 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 167806.00 148343.00 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-16600.00 -10544.60 24063.60 -25843.30 1960 - 2017 ISK Million Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico -1079.20 May/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17