Imports to Iceland jumped 27.1 percent from a year earlier to ISK 72.1 billion in November 2018, led by higher purchases of industrial supplies and capital goods (except for transport), preliminary figures showed. Imports in Iceland averaged 13986.88 ISK Million from 1960 until 2018, reaching an all time high of 73185.90 ISK Million in October of 2018 and a record low of 1.21 ISK Million in January of 1960.
Imports in Iceland is expected to be 71100.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Iceland to stand at 66066.30 in 12 months time. In the long-term, the Iceland Imports is projected to trend around 73600.00 ISK Million in 2020, according to our econometric models.