Balance of trade
The value of exported goods from Iceland amounted to ISK 63,800 million fob and the value of imported goods amounted to ISK 79,800 million fob January-April 2005. Thus there was a trade deficit of 16,000 million as compared with a trade deficit of 3,400 million in January-April 2004, at fixed rates of exchange¹.

Exports
The total value of exports of goods January-April 2005 was 1,200 million or 2.0% higher at constant rates of exchange than the same period the year before.

Imports
The total value of imports of goods January-April 2005 showed an increase of 13,800 million or 21.0% higher than in the same period last year, at fixed rates of exchange.