Iceland Trade Gap Smallest in 7 Months

2025-09-08 09:35 By Joshua Ferrer 1 min. read

Iceland recorded a trade deficit of ISK 33.8 billion in August 2025, narrowing from ISK 35.2 billion in the same month of the previous year.

This marked the smallest trade deficit since January, with exports dropping by 5.1% year-on-year to ISK 67.1 billion, mainly due to reduced shipments of farmed fish (-25.1%), manufacturing products (-16.3%), and agricultural products (-1.6%).

Meanwhile, imports fell by 4.8% to ISK 100.9 billion, with lower purchases of fuels and lubricants (-30.9%), transport equipment (-22.8%), and industrial supplies (-7.5%), while increased inbound shipments of capital goods (33.5%).



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