NEWS RELEASE EXTERNAL TRADE 01 DECEMBER 2015

Export of services for the third quarter of 2015, according to preliminary figures, was 189,948 million ISK and the import of services 99,548 million ISK. Therefore, the services trade surplus in the third quarter of 2015 was 90,400 million ISK but the surplus in the third quarter of 2014 was 77,775 million ISK at current exchange rates.

Travel is the largest category within both export and import of services and the surplus of travel was 49,495 million ISK. Export of travel services was 86,403 million ISK and import 36.908 million ISK. Surplus of travel services in the same quarter of 2014 was 36,569 million ISK at current exchange rates.

Transport services had the largest surplus of 55,523 million ISK. Export of transport services was 73,132 million ISK and import 17,609 million ISK.

Other business services had the largest deficit of 18,677 million ISK. Import was 26,453 million ISK and export 7,776 million ISK.

Simultaneously to this publication the transition table has been updated. The table harmonizes the standards of trade of goods and balance of payment

External Trade in Services 2015        
  Total 1st quarter 2015 2nd quarter 2015 3rd quarter 2015
Value in million ISK        
Export of services 442,658.0 100,690.7 152,019.9 189,947.5
1. Manufacturing services on physical inputs owned by others 14,807.2 6,278.5 5,080.6 3,448.1
2. Maintenance and repair services n.i.e. 4,350.6 1,341.6 1,370.2 1,638.8
3. Transport 163,032.9 36,650.4 53,250.4 73,132.1
4. Travel 171,831.8 30,696.7 54,732.0 86,403.0
5. Construction 2,224.3 338.6 638.6 1,247.1
6. Insurance and pension services 1,592.2 453.4 619.2 519.5
7. Financial services 12,343.7 4,084.8 4,148.3 4,110.5
8. Charges for the use of intellectual property n.ie. 21,999.6 4,445.5 15,114.5 2,439.5
9. Telecommunications, computer and information services 21,456.7 6,695.2 7,003.6 7,757.9
10. Other business services 24,773.9 8,389.1 8,609.3 7,775.5
11. Personal, cultural and recreational services 2,676.3 790.2 930.2 955.8
12. Government goods and services n.i.e. 1,568.9 526.5 522.8 519.6
         
Import of services 273,347.2 80,290.9 93,508.6 99,547.7
1. Manufacturing services on physical inputs owned by others 0.0 0.0 0.0 0.0
2. Maintenance and repair services n.i.e. 15,202.7 4,986.1 5,402.9 4,813.7
3. Transport 47,989.2 13,266.2 17,114.0 17,609.0
4. Travel 95,696.8 24,651.6 34,136.9 36,908.3
5. Construction 586.9 206.8 156.7 223.4
6. Insurance and pension services 3,843.2 1,554.7 1,096.2 1,192.4
7. Financial services 7,516.4 2,566.5 2,491.8 2,458.2
8. Charges for the use of intellectual property n.ie. 9,883.4 3,324.0 3,404.3 3,155.1
9. Telecommunications, computer and information services 15,883.3 6,214.4 4,907.2 4,761.6
10. Other business services 71,002.7 21,751.4 22,798.5 26,452.7
11. Personal, cultural and recreational services 4,465.0 1,421.8 1,397.6 1,645.6
12. Government goods and services n.i.e. 1,277.6 347.3 602.6 327.7
         
Balance of trade in services 169,310.8 20,399.8 58,511.3 90,399.8
1. Manufacturing services on physical inputs owned by others 14,807.2 6,278.5 5,080.6 3,448.1
2. Maintenance and repair services n.i.e. -10,852.1 -3,644.5 -4,032.7 -3,174.9
3. Transport 115,043.7 23,384.1 36,136.4 55,523.1
4. Travel 76,135.0 6,045.1 20,595.1 49,494.7
5. Construction 1,637.4 131.8 481.9 1,023.6
6. Insurance and pension services -2,251.0 -1,101.2 -477.0 -672.8
7. Financial services 4,827.2 1,518.3 1,656.6 1,652.3
8. Charges for the use of intellectual property n.ie. 12,116.2 1,121.5 11,710.2 -715.5
9. Telecommunications, computer and information services 5,573.5 480.8 2,096.4 2,996.3
10. Other business services -46,228.8 -13,362.3 -14,189.2 -18,677.2
11. Personal, cultural and recreational services -1,788.8 -631.6 -467.4 -689.8
12. Government goods and services n.i.e. 291.4 179.2 -79.7 191.9

 

Statistics

Further Information

For further information please contact 528 1156 , email utanrikisverslun@hagstofa.is

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