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Compared to the previous year, Iceland's trade deficit increased by 65 percent to ISK 178 billion, a significant increase. Excluding the impact of a steep decline in marine product sales, exports fell 4%, the increase of 8% in imports was primarily driven by increased purchases of industrial supplies, ships, and transportation equipment.  Most trade deficits were reported with China, Norway, Germany, and Denmark, the most trade surpluses were recorded with the Netherlands, Spain, and France.

A higher than expected figure should be seen as positive (bullish) for the ISK while a lower than expected figure should be seen as negative (bearish) for the ISK.

Source:  Statistics Iceland
Category:  Balance of Trade
Units:  Billion
Impact: Low
Currency: ISK
Latest Release
Previous: -ISK53B
Consensus: -ISK37B
Actual: -ISK28.8B
Next Release
Date: Jan 05, 09:00
Time left: 25 days