Balance of trade
The value of exported goods from Iceland amounted to ISK 48,800 million fob and the value of imported goods amounted to ISK 80,700 million fob January-March 2006. Thus there was a trade deficit of 32,000 million as compared with a trade deficit of 15,300 million in January-March 2005, at fixed rates of exchange¹.
Exports
The total value of exports of goods January-March 2006 was 2,500 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-March 2005 showed an increase of 19,200 million or 31.1% higher than in the same period last year, at fixed rates of exchange.
| Balance of trade in January-March 2005 | |||||
| Million ISK at fixed exchange rate | Change on previous year at constant exchange rates, %1 February-November | ||||
| March | January–March | ||||
| 2005 | 2006 | 2005 | 2006 | ||
| Exports fob, total | 17,559 | 19,916 | 46,262 | 48,751 | 5.4 |
| Imports fob, total | 23,841 | 33,295 | 61,572 | 80,731 | 31.1 |
| Balance of trade | -6,282 | -13,378 | -15,310 | -31,980 | · |
| The value of exports and imports January–March 2005 and 2006 | |||
| Change on previous year at constant exchange rates, % 1 January-January | |||
| Million ISK at current exchange rate | |||
| January-March | January–March | ||
| 2005 | 2006 | ||
| Exports fob, total | 46,947.3 | 48,751.1 | 5.4 |
| Marine products | 28,389.2 | 28,420.4 | 1.6 |
| Agricultural products | 1,114.8 | 1,133.7 | 3.2 |
| Manufacturing products | 16,513.7 | 18,295.6 | 12.4 |
| Other products | 929.6 | 901.4 | -1.6 |
| Imports fob, total | 62,484.0 | 80,730.8 | 31.1 |
| Food and beverages | 4,522.4 | 4,567.1 | 2.5 |
| Industrial supplies n.e.s. | 14,314.3 | 21,154.0 | 50.0 |
| Fuels and lubricants | 6,035.7 | 7,500.6 | 26.1 |
| Capital goods (except for transport) | 13,006.8 | 20,142.8 | 57.2 |
| Transport equipment | 14,188.9 | 15,301.8 | 9.4 |
| Consumer goods n.e.s. | 10,341.4 | 11,980.5 | 17.6 |
| Goods n.e.s. | 74.4 | 84.0 | 14.5 |
| Balance of trade | -15,536.6 | -31,979.6 | · |
¹ Based on trade-weighted index of average foreign currency prices in terms of ISK, change on previous year -1.5%.
Statistics