According to preliminary figures for October 2018, the value of exported goods amounted to ISK 61,400 million fob and the value of imported goods amounted to ISK 73,100 million fob. Thus there was a trade deficit, calculated on fob value, of ISK 11,700 million as compared with a trade deficit of ISK 6,900 million in the October 2017, at current rates of exchange.1 The deficit of balance of trade in goods was ISK 11,800 million excluding ships and aircraft, compared with ISK 8,200 million in the same month the year before.
In October 2018 the value of exported goods was ISK 5,600 million higher than in October 2017 or 10.1% at current exchange rate, mainly due to increased exports in marine products.
The value of imported goods in October 2018 was ISK 10,400 million higher than in the same month last year or 16.7% at current exchange rate. This difference is mostly due to increased imports in industrial supplies and capital goods (except for transport).
It should be borne in mind that these are preliminary figures that may change due to regular revision.
