Trade Balance Remains Positive in Iceland Skip to content

Trade Balance Remains Positive in Iceland

Export amounted to ISK 44.1 billion in August and import to ISK 31.5 billion, so the trade surplus last month was ISK 12.6 billion (USD 99 million, EUR 63 million), according to information from Statistics Iceland. The trade balance has been positive in Iceland for the past 12 months.

Copyright: Icelandic Photo Agency.

Statistics Iceland states that the trade surplus was overestimated by almost ISK 8 billion in the first seven months of this year because, as it turned out, customs reports on the import of raw material and operational goods were not delivered on time, mbl.is reports.

According to a report from Statistics Iceland from the end of August, the trade surplus for the first seven months of 2009 was almost ISK 40 billion but after the delayed reports were taken into the account it turned out to be ISK 32 billion (USD 251 million, EUR 160 million).

Statistics Iceland states that there are indications that the value of exported fish products and industrial products had increased and the value of imported fuel decreased in August 2009 compared to the month prior.

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