Balance of trade
The value of exported goods from Iceland amounted to ISK 173,200 million fob and the value of imported goods amounted to ISK 275,400 million fob (ISK 298,500 million cif) January-September 2006. Thus there was a trade deficit, calculated on fob value, of 102,200 million as compared with a trade deficit of 75,200 million in January-September 2005, at fixed rates of exchange¹.
Exports
The total value of exports of goods January-September 2006 was ISK 11,100 million or 6.8% higher at constant rates of exchange than the same period the year before.
Imports
The total value of imports of goods January-September 2006 showed an increase of ISK 38,000 million fob or 16.0% higher than in the same period last year, at fixed rates of exchange.
| Balance of trade in January-September 2005 | |||||
| Million ISK at fixed exchange rate | Change on previous year at constant exchange rates, %¹ February-November | ||||
| September | January–September | ||||
| 2005 | 2006 | 2005 | 2006 | ||
| Exports fob, total | 19,595 | 22,306 | 162,162 | 173,235 | 6.8 |
| Imports fob, total | 31,601 | 29,917 | 237,397 | 275,386 | 16.0 |
| Balance of trade | -12,006 | -7,611 | -75,235 | -102,151 | · |
| The value of exports and imports January–September 2005 and 2006 | |||
| Change on previous year at constant exchange rates, %¹ January-January | |||
| Million ISK at current exchange rate | |||
| January–September | January–September | ||
| 2005 | 2006 | ||
| Exports fob, total | 147,877.5 | 173,235.3 | 6.8 |
| Marine products | 83,319.6 | 94,452.8 | 3.4 |
| Agricultural products | 2,613.0 | 2,757.5 | -3.8 |
| Manufacturing products | 49,797.8 | 66,481.4 | 21.7 |
| Other products | 12,147.1 | 9,543.7 | -28.4 |
| Imports fob, total | 216,485.0 | 275,386.3 | 16.0 |
| Food and beverages | 14,649.0 | 16,362.5 | 1.9 |
| Industrial supplies n.e.s. | 52,017.5 | 73,810.4 | 29.4 |
| Fuels and lubricants | 21,644.0 | 27,158.0 | 14.4 |
| Capital goods (except for transport) | 47,758.1 | 73,363.7 | 40.1 |
| Transport equipment | 46,518.6 | 44,018.1 | -13.7 |
| Consumer goods n.e.s. | 33,689.9 | 40,354.3 | 9.2 |
| Goods n.e.s. | 207.9 | 319.3 | 40.0 |
| Balance of trade | -68,607.5 | -102,150.9 | · |
¹ Based on trade-weighted index of average foreign currency prices in terms of ISK, change on previous year 9.7%. In September 2006, the change was 15.9% higher than in September 2005.
Monthly figures of external trade for current year are revised together with the release of figures for new months. Annual figures are published approximately 7 weeks after the end of the reference year, in February each year. The figures are considered as final at that point of time.