Balance of trade
The value of exported goods from Iceland amounted to ISK 165,300 million fob and the value of imported goods amounted to ISK 197,100 million fob January-October 2004. Thus there was a trade deficit of 31,800 million as compared with a trade deficit of 14,100 million in January-October 2003, at fixed rates of exchange¹.
Exports
The total value of exports of goods January-October 2004 was 13,100 million or 8.6% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-October 2004 showed an increase of 30,800 million or 18.5% higher than in the same period last year, at fixed rates of exchange.
