Balance of trade
The value of exported goods from Iceland amounted to ISK 129,500 million fob and the value of imported goods amounted to ISK 156,500 million fob January-August 2004. Thus there was a trade deficit of 27,000 million as compared with a trade deficit of 6,700 million in January-August 2003, at fixed rates of exchange¹.
Exports
The total value of exports of goods January-August 2004 was 6,700 million or 5.4% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-August 2004 showed an increase of 26.900 million or 20.8% higher than in the same period last year, at fixed rates of exchange.
