Balance of trade
The value of exported goods from Iceland amounted to ISK 184,000 million fob and the value of imported goods amounted to ISK 219,200 million fob January-November 2004. Thus there was a trade deficit of 35,200 million as compared with a trade deficit of 14,300 million in January-November 2003, at fixed rates of exchange¹.
Exports
The total value of exports of goods January-November 2004 was 16,400 million or 9.8% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-November 2004 showed an increase of 37,300 million or 20.5% higher than in the same period last year, at fixed rates of exchange. 
