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

The trade deficit in Iceland narrowed by 45.8 percent to ISK 12.8 billion in May of 2018 from ISK 23.6 billion in the corresponding month of the previous year. Exports surged 8.2 percent to ISK 53.3 billion, boosted by sales of marine products; and imports slumped 9.3 percent to ISK 66.2 billion, mainly due to lower purchases of ships and aircraft. Balance of Trade in Iceland averaged -594.89 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Calendar GMT Actual Previous Consensus TEForecast
2018-04-06 09:00 AM Balance of Trade ISK -8.2B ISK -12B ISK -24.5B
2018-05-07 09:00 AM Balance of Trade ISK -13.4B ISK -14B
2018-06-06 09:00 AM Balance of Trade ISK -12.8B ISK -15.7B
2018-07-05 09:00 AM Balance of Trade ISK -12.8B ISK -14.2B
2018-08-07 09:00 AM Balance of Trade
2018-09-06 09:00 AM Balance of Trade


Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -12800.00 -15698.70 24063.60 -26553.00 ISK Million [+]
Exports 53300.00 46584.00 63354.30 0.78 ISK Million [+]
Imports 66200.00 62282.80 72899.20 1.21 ISK Million [+]
Current Account 0.29 2.17 100.58 -137.24 ISK Billion [+]
Current Account to GDP 3.70 7.70 7.70 -23.20 percent [+]
External Debt 2233.92 2270.76 13834732.00 280.59 ISK Billion [+]
Capital Flows 57.23 7.37 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1113.00 1300.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 165240.00 147551.00 284124.00 10592.00 [+]
Foreign Direct Investment -22.48 -131.06 199.98 -550.71 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-12800.00 -15698.70 24063.60 -26553.00 1960 - 2018 ISK Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1629.30 Apr/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -830631.00 Mar/18
Switzerland 2798.79 Apr/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18


Related

Latest