Balance of Trade in Iceland

Estadistica Islandia · Mensual

-51,682.9 (Jun-26) ABS · M ISK · Mensual · CSV

About this indicator

Source	Estadistica Islandia
Frequency	Mensual
Release	En torno a uno o dos meses después del periodo de referencia.
What it is	The balance of trade records the value of goods traded between Iceland and the rest of the world over a period, measured as the difference between exports and imports. It reflects the country's external trade activity.
How it's calculated	Statistics Iceland (Hagstofa Íslands) computes it as the difference between the value of exports and imports recorded in external trade statistics, in millions of Icelandic krónur. A positive balance is a surplus, a negative one a deficit.
Market implications	The external balance is a component of GDP, so it bears on growth, and it signals the competitiveness of an economy heavily reliant on trade. A persistent deficit can weigh on the Icelandic króna (ISK).
Limitations	The figures are not final: each release tends to revise earlier periods and the data come with a lag. They are also volatile given the weight of one-off exports such as aluminium and fish.