In July 2019, value of exported goods in BOP* was estimated 52,200 million ISK and value of imported goods was estimated 71,100 million. Hence, a deficit of balance of trade in goods in BOP was estimated 18,900 million. In the same month, export of services was estimated 82,400 million ISK and import of services was estimated 39,500 million. Hence, the surplus of balance of trade in services was estimated 42,800 million ISK in July 2019.
Total export of trade in goods and services was therefore estimated 134,600 million ISK in July and total import of trade in goods and services was estimated 110,600 million ISK. The surplus of balance of trade in goods and services was estimated 24,000 million ISK in July 2019.
In the first seven months of 2019, total export of trade in goods and services was estimated to be 772,300 million ISK compared with 731,800 million ISK in the first seven months of 2018. For the same period, estimated import of trade in goods and services was 706,000 in 2019 compared with 695,800 million ISK in 2018. The surplus of balance of trade in goods and services was therefore estimated to be 66,300 million ISK in the first seven months of 2019 compared with 36,000 million ISK for the same period the year before.
*According to Balance of Payments (BOP) and National Accounts (NA) standards.
| The value of exports and imports in January-July 2018 and 2019 | |||||
| Million ISK at current exchange rate | Change on prev. year at current exchange rates % | ||||
| July | January-July | ||||
| 2018 | 2019 | 2018 | 2019 | ||
| Trade in goods and services: Total Exports | 121,984.6 | 137,257.9 | 731,839.6 | 772,305.5 | 5.5 |
| Trade in goods: =Exports in BOP | 51,868.2 | 51,309.9 | 344,530.4 | 391,897.7 | 13.7 |
| Trade in services: Exports total | 70,116.3 | 85,948.0 | 387,309.2 | 380,407.7 | -1.8 |
| Trade in goods and services: Total Imports | 115,016.0 | 110,742.3 | 695,793.8 | 706,030.6 | 1.5 |
| Trade in goods: = Imports in BOP | 70,628.0 | 68,296.8 | 439,150.9 | 450,765.3 | 2.6 |
| Trade in services: Imports total | 44,388.1 | 42,445.4 | 256,642.9 | 255,265.3 | -0.5 |
| Balance of trade in goods and services | 6,968.5 | 26,515.6 | 36,045.8 | 66,274.9 | |