Balance of trade
The value of exported goods from Iceland amounted to ISK 98,900 million fob and the value of imported goods amounted to ISK 112,700 million fob January-June 2004. Thus there was a trade deficit of 13,900 million as compared with a trade deficit of 0,800 million in January-June 2003, at fixed rates of exchange1.
Exports
The total value of exports of goods January-June 2004 was 5,300 million or 5.6% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-June 2004 showed an increase of 18,300 million or 19.3% higher than in the same period last year, at fixed rates of exchange.
