Iceland recorded a trade deficit of ISK 6.9 billion in April of 2021, down from ISK 7.3 billion in the same month last year. Exports jumped 29.9 percent to ISK 61.5 billion, particularly lifted by shipments of marine products (53.5 percent) and manufacturing products (17.3 percent). Meanwhile, imports climbed a slower 25.2 percent to ISK 68.3 billion, driven mostly by purchases of industrial supplies (24.6 percent); transport equipment (83.5 percent), in particular ships; fuels and lubricants (74.7 percent); and consumer goods (22.3 percent). source: Statistics Iceland
Balance of Trade in Iceland averaged -2205.03 ISK Million from 1960 until 2021, reaching an all time high of 21093 ISK Million in December of 2008 and a record low of -33367.10 ISK Million in June of 2019. This page provides the latest reported value for - Iceland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Balance of Trade in Iceland is expected to be -14700.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Iceland to stand at -13900.00 in 12 months time. In the long-term, the Iceland Balance of Trade is projected to trend around -13900.00 ISK Million in 2022, according to our econometric models.