The total value of exports of services in July 2023 is estimated at 111.2 billion ISK, increasing by 15% compared with July 2022, at current rates of exchange. The total exported value of travel in July is estimated at 58.6 billion ISK, having increased by 15% compared with the same month last year. The exported value of transport services is estimated at 34.2 billion ISK in July, having increased by 19% compared with July 2022. The value of exports of other services was estimated at 18.4 billion ISK in July, increasing by 7% compared with the same month the year before.

The total value of imports of services in July is estimated to have been at 56.8 billion ISK and increased by 11% from July 2022, at current rates of exchange. The total imported value of travel in July is estimated at 22.3 billion ISK and to have increased by 6% compared with the same month the year before. Imported value of transport services in July is estimated at 10.8 billion ISK, having increased by 8% compared with July 2022, while the value of imports of other services is estimated to have been at 23.6 billion ISK in July, increasing by 19% compared with July the year before. In total, a surplus of 54.4 billion ISK was recorded in July.

For the period August 2022 to July 2023, the total value of exports of services is estimated at 882.7 billion ISK, an increase of 38% compared with the 12 months prior, at current rates of exchange. The value for imports of services for the same period is estimated at 614.8 billion ISK, having increased by 24% compared with the same period the year before.

The value of exported goods in BOP* is estimated at 63.6 billion ISK in July 2023 and the value of imported goods is estimated at 104.3 billion ISK. Therefore, a deficit in balance of trade in goods in BOP is estimated at 40.7 billion ISK. Total export of trade in goods and services is estimated at 174.7 billion ISK in July 2023, increasing by 1% compared with the same month the previous year. Moreover, total imports of trade in goods and services is estimated at 161 billion ISK in the same period, having increased by 7% compared with the same month the previous year. Therefore, the surplus in balance of trade in goods and services is estimated at 13.7 billion ISK in July compared with a surplus of 22 billion ISK for the same month in 2022.

The value of exports of trade in goods and services is estimated at 1,866.6 billion ISK in the 12-month period August 2022 to July 2023 and to have increased by 20% compared with the previous 12 months. For the same period, estimated import of trade in goods and services was 1,900.3 billion ISK and increased by 22%. Therefore, the deficit in balance of trade in goods and services is estimated at 33.7 billion ISK in that 12-month period compared with a deficit of 12.6 billion ISK for the previous 12 months.

*According to Balance of Payments (BOP) and National Accounts (NA) standards.

Statistics
Trade in goods and services
Trade in services