Iceland - Imbangan Perdagangan

Iceland's trade deficit decreased to ISK 3.1 billion in May 2019 from ISK 18.8 billion in the same month of the previous year, according to preliminary estimates. Exports fell 3.2 percent from a year earlier to ISK 52.1 billion, amid a decrease in exports of manufacturing products. Meantime, imports dropped at a faster 24 percent to ISK 55.2 billion, mainly due to lower purchases of industrial supplies and fuels.

Iceland recorded a trade surplus of ISK 2.7 billion in October 2019 from a ISK 12.1 billion in the corresponding month of the previous year, according to preliminary estimates. It was the first monthly trade surplus since October 2016, as imports fell 14.7 percent to ISK 62.4 billion mostly due to lower purchases of industrial supplies (-23.2 percent); fuels & lubricants (-34.5 percent) and transport equipment (-13.1 percent). In contrast, exports rose 6.8 percent to ISK 65.1 billion, boosted by marine products (18.8 percent).

Iceland’s trade deficit increased to ISK 18.6 billion in July of 2019 from ISK 18.5 billion in the corresponding month of the previous year, according to preliminary estimates. Exports rose 2.2 percent from a year earlier to ISK 51.6 billion, boosted by higher sales of marine products. Meantime, imports went up at a softer 1.8 percent to ISK 70.2 billion, mainly due to an increase in capital goods (except for transport).

Iceland’s trade deficit widened to ISK 22.8 billion in June of 2019 from ISK 20.2 billion in the corresponding month of the previous year, according to preliminary estimates. Exports fell 7.9 percent from a year earlier to ISK 46.5 billion, dragged down by lower sales of manufacturing products. Meantime, imports dropped 1.9 percent to ISK 69.3 billion, mainly due to a decrease in imports of lubricants and consumer goods.

Iceland's trade deficit decreased to ISK 16.4 billion in May 2019 from ISK 16.9 billion in the same month of the previous year, according to preliminary estimates. Exports went up 20.5 percent from a year earlier to ISK 63.2 billion, boosted by higher sales of manufacturing products. Meanwhile, imports went up at a softer 14.7 percent to ISK 79.5 billion, mainly due to an increase in the imports of transport equipment.

Iceland’s trade deficit widened to ISK 15.9 billion in April of 2019 from ISK 15.6 billion in the corresponding month of the previous year, according to preliminary estimates. Exports rose 7.8 percent from a year earlier to ISK 50.2 billion, boosted by higher sales of marine products. Meanwhile, imports went up at a softer 6.3 percent to ISK 66.1 billion, mainly due to an increase in the imports of industrial supplies.