Please note that this press release is no longer valid. A corrected version has been published in its place.

According to preliminary figures for May 2019 the value of exported goods amounted to ISK 63,200 million fob and the value of imported goods amounted to ISK 79,500 million fob. Thus, there was a trade deficit, calculated on fob value, of ISK 16,400 million as compared with a trade deficit of ISK 16,900 million in May 2018, at current rates of exchange. Without ships and aircrafts the trade deficit was ISK 1,500 in May 2019 compared to a deficit of ISK 14,500 million in May 2018.

In May 2019 the value of exported goods was ISK 10,700 million higher than in May 2018 or 20.5% at current exchange rate. The increase was mainly due to exports in manufacturing products.

The value of imported goods in May 2019 was ISK 10,200 million higher than in May 2018 or 14.7% at current exchange rate, mainly due to an increase in the imports of transport equipment.

It should be borne in mind that these are preliminary figures that may change due to regular revision.

Exports, imports and balance of trade 2015–2019, fob value in billion ISK