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