Imports to Iceland dropped 1.9 percent year-on-year to ISK 69.3 billion in June 2019, mainly due to a decrease in imports of lubricants and consumer goods. Imports in Iceland averaged 14482.34 ISK Million from 1960 until 2019, reaching an all time high of 79500 ISK Million in May of 2019 and a record low of 1.21 ISK Million in January of 1960.
Imports in Iceland is expected to be 66700.00 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 60200.00 in 12 months time. In the long-term, the Iceland Imports is projected to trend around 74400.00 ISK Million in 2020, according to our econometric models.