NEWS RELEASE EXTERNAL TRADE 28 FEBRUARY 2007

The value of exported goods from Iceland in January 2007 amounted to ISK 19,200 million fob and the value of imported goods amounted to ISK 26,200 million fob (ISK 28,400 million cif). Thus there was a trade deficit, calculated on fob value, of 6,900 million as compared with a trade deficit of 10,100 million in January 2006, at fixed rates of exchange¹.

Balance of trade in January 2007

Change on previous year at constant exchange rates, %  January-January

Million ISK at fixed exchange rate
January
  2006 2007
Exports fob, total 20,555 19,246 -6.4
Imports fob, total 30,682 26,195 -14.6
Balance of trade -10,128 -6,949 .

The value of exports and imports January 2006 and 2007
Change on previous year at constant exchange rates, %  January-January
Million ISK at current exchange rate
January January
  2006 2007
Exports fob, total 17,050.9 19,246.1 -6,4
Marine products 7,911.7 8,544.8 -10.4
Agricultural products 476.2 543.7 -5.3
Manufacturing products 5,362.4 9,600.2 48.5
Other products 3,300.6 557.4 -86.0
Imports fob, total 25,452.0 26,195.1 -14,6
Food and beverages 1,209.8 1,844.8 26.5
Industrial supplies n.e.s. 7,000.5 5,555.0 -34.2
Fuels and lubricants 2,679.0 3,467.5 7.4
Capital goods (except for transport) 6,700.8 7,194.0 -10.9
Transport equipment 4,724.2 3,023.6 -46.9
Consumer goods n.e.s. 3,105.8 5,075.1 35.6
Goods n.e.s. 32.0 35.2 -8.7
Balance of trade -8,401.2 -6,949.1 ·

¹ Based on trade-weighted index of average foreign currency prices in terms of ISK,in January 2007 the change was 20,5% higher than in January 2006.

Monthly figures of external trade for current year are revised together with the release of figures for new months. Annual figures are published approximately 7 weeks after the end of the reference year, in February each year. The figures are considered as final at that point of time.

Statistics

Further Information

For further information please contact 528 1100 , email upplysingar@hagstofa.is

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