According to preliminary figures for November 2018, the value of exported goods amounted to ISK 54,300 million fob and the value of imported goods amounted to ISK 72,100 million fob. Thus there was a trade deficit, calculated on fob value, of ISK 17,700 million as compared with a trade deficit of ISK 10,900 million in November 2017, at current rates of exchange. Trade in ships and aircrafts does not significantly affect the November trade deficit.
In November 2018 the value of exported goods was ISK 8,600 million higher than in November 2017 or 18.7% at current exchange rate, mainly due to increased exports in industrial products.
The value of imported goods in November 2018 was ISK 15,400 million higher than in the same month last year or 27.1% at current exchange rate. This difference is mostly due to increased imports in industrial supplies and capital goods (except for transport).
It should be borne in mind that these are preliminary figures that may change due to regular revision.
