Balance of trade
The value of exported goods from Iceland amounted to ISK 213,000 million fob and the value of imported goods amounted to ISK 335,600 million fob (ISK 364,000 million cif) January-November 2006. Thus there was a trade deficit, calculated on fob value, of 122,600 million as compared with a trade deficit of 94,671 million in January-November 2005, at fixed rates of exchange1.
Exports
The total value of exports of goods January-November 2006 was ISK 12,200 million or 6.1% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-November 2006 showed an increase of ISK 40,100 million fob or 13.6% higher than in the same period last year, at fixed rates of exchange.
| Balance of trade in January-November 2005 | |||||
| Million ISK at fixed exchange rate | Change on previous year at constant exchange rates, % January-November | ||||
| November | January–November | ||||
| 2005 | 2006 | 2005 | 2006 | ||
| Exports fob, total | 20,118 | 19,777 | 200,846 | 213,008 | 6.1 |
| Imports fob, total | 33,341 | 33,250 | 295,517 | 335,644 | 13.6 |
| Balance of trade | -13,223 | -13,472 | -94,671 | -122,636 | . |
| The value of exports and imports January–November 2005 and 2006 | |||
| Change on previous year at constant exchange rates, % January-November | |||
| Million ISK at current exchange rate | |||
| Jan.–November | Jan.–November | ||
| 2005 | 2006 | ||
| Exports fob, total | 180,665.7 | 213,008.1 | 6.1 |
| Marine products | 102,274.7 | 115,742.3 | 1.8 |
| Agricultural products | 3,426.0 | 3,633.5 | -4.6 |
| Manufacturing products | 61,959.9 | 82,930.4 | 20.4 |
| Other products | 13,005.1 | 10,701.9 | -26.0 |
| Imports fob, total | 265,824.7 | 335,644.2 | 13.6 |
| Food and beverages | 17,958.7 | 20,919.9 | 4.8 |
| Industrial supplies n.e.s. | 63,521.2 | 88,910.7 | 25.9 |
| Fuels and lubricants | 26,740.0 | 33,041.1 | 11.2 |
| Capital goods (except for transport) | 60,132.1 | 88,548.7 | 32.5 |
| Transport equipment | 53,912.2 | 52,483.7 | -12.4 |
| Consumer goods n.e.s. | 43,276.3 | 51,325.8 | 6.7 |
| Goods n.e.s. | 284.3 | 414.3 | 31.1 |
| Balance of trade | -85,159.0 | -122,636.2 | · |
¹ Based on trade-weighted index of average foreign currency prices in terms of ISK, change on previous year 11.2%. In November 2006, the change was 20.1% higher than in November 2005.
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