Balance of trade
The value of exported goods from Iceland amounted to ISK 28,900 million fob and the value of imported goods amounted to ISK 47,500 million fob January-February 2006. Thus there was a trade deficit of 18,600 million as compared with a trade deficit of 9,100 million in January-February 2005, at fixed rates of exchange¹.
Exports
The total value of exports of goods January-February 2006 was 0,200 million or 0.8% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-February 2005 showed an increase of 9,700 million or 25.6% higher than in the same period last year, at fixed rates of exchange.
| Balance of trade in February-February 2005 | |||||
| Million ISK at fixed exchange rate | Change on previous year at constant exchange rates, %¹ February-November | ||||
| February | February–January | ||||
| 2005 | 2006 | 2005 | 2006 | ||
| Exports fob, total | 15,860 | 14,845 | 28,718 | 28,934 | 0.8 |
| Imports fob, total | 20,626 | 22,037 | 37,808 | 47,493 | 25.6 |
| Balance of trade | -4,766 | -7,192 | -9,091 | -18,559 | · |
| The value of exports and imports January–February2005 and 2006 | |||
| Change on previous year at constant exchange rates, % ¹ January-January | |||
| Million ISK at current exchange rate | |||
| January–February | January–February | ||
| 2005 | 2006 | ||
| Exports fob, total | 30,550.7 | 28,934.3 | 0.8 |
| Marine products | 17,418.4 | 16,943.4 | 3.5 |
| Agricultural products | 776.1 | 819.2 | 12.3 |
| Manufacturing products | 11,722.5 | 10,537.6 | -4.4 |
| Other products | 633.8 | 634.1 | 6.4 |
| Imports fob, total | 40,221.7 | 47,493.2 | 25.6 |
| Food and beverages | 2,723.8 | 2,655.4 | 3.7 |
| Industrial supplies n.e.s. | 8,787.0 | 13,336.3 | 61.5 |
| Fuels and lubricants | 3,838.4 | 3,233.9 | -10.4 |
| Capital goods (except for transport) | 7,878.3 | 12,430.3 | 67.9 |
| Transport equipment | 10,602.1 | 8,818.1 | -11.5 |
| Consumer goods n.e.s. | 6,342.5 | 6,971.1 | 16.9 |
| Goods n.e.s. | 49.6 | 48.1 | 3.2 |
| Balance of trade | -9,671.0 | -18,558.9 | · |
¹ Based on trade-weighted index of average foreign currency prices in terms of ISK, change on previous year -6.0%.
Statistics