The value of exported goods from Iceland in January 2005 amounted to 14,000 million ISK while the value of imports amounted to 17,300 million. Thus, there was a trade deficit of 3,300 million as compared with a trade surplus of 300 million in January 2004, at constant rates of exchange1. The value of exports was 10.6% lower than in January 2004 and the value of imports was 12.2% higher than in January 2004, at constant rates of exchange.
