Balance of trade
The value of exported goods from Iceland amounted to ISK 111,900 million fob and the value of imported goods amounted to ISK 159,400 million fob January-July 2005. Thus there was a trade deficit of 47,500 million as compared with a trade deficit of 18,900 million in January-July 2004, at fixed rates of exchange¹.
Exports
The total value of exports of goods January-July 2005 was 5,900 million or 5.6% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-July 2005 showed an increase of 34,500 million or 27.6% higher than in the same period last year, at fixed rates of exchange.
| Balance of trade in January-July 2005 | |||||
| Change on previous year at constant exchange rates, %1 January-July | |||||
| Million ISK at fixed exchange rate | |||||
| July | January–July | ||||
| 2004 | 2005 | 2004 | 2005 | ||
| Exports fob, total | 15,085 | 13,714 | 105,988 | 111,883 | 5.6 |
| Imports fob, total | 20,660 | 23,925 | 124,905 | 159,398 | 27.6 |
| Balance of trade | -5,575 | -10,212 | -18,917 | -47,515 | · |
| The value of exports and imports January–July 2004 and 2005 | |||
| Change on previous year at constant exchange rates, % 1 January-July | |||
| Million ISK at current exchange rate | |||
| January–July | January–July | ||
| 2004 | 2005 | ||
| Exports fob, total | 115,960.0 | 111,883.4 | 5.6 |
| Marine products | 70,047.9 | 66,617.7 | 4.0 |
| Agricultural products | 2,518.8 | 2,153.8 | -6.5 |
| Manufacturing products | 40,640.1 | 38,065.1 | 2.5 |
| Other products | 2,753.1 | 5,046.9 | · |
| Imports fob, total | 136,657.4 | 159,398.1 | 27.6 |
| Food and beverages | 11,406.6 | 11,480.4 | 10.1 |
| Industrial supplies n.e.s. | 36,076.7 | 38,761.5 | 17.5 |
| Fuels and lubricants | 10,616.5 | 14,870.2 | 53.2 |
| Capital goods (except for transport) | 30,933.9 | 34,574.6 | 22.3 |
| Transport equipment | 23,620.1 | 34,229.0 | 58.5 |
| Consumer goods n.e.s. | 23,875.6 | 25,310.2 | 16.0 |
| Goods n.e.s. | 128.0 | 172.1 | 47.1 |
| Balance of trade | -20,697.4 | -47,514.7 | · |
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Statistics