In 2012, export of services was 375,977 million ISK and the import of services  349,672 million ISK. Therefore, the services trade surplus for the year 2012 was  26,305 million ISK, was 39,046 million ISK in 2011 at current exchange rates.

Transportation was the largest category of exports as the year before, accounting for 177,132 million ISK or 47,1% of total exports of services. Travel were the second largest category of exports, 108 million ISK or 28,7% of total exports of services in 2012.

In 2012, the largest category of imports was also transportation, 105,853 million ISK or 30.3% of total imports of services. Next in line with transportation came other business services (the largest category operational leasing services), 28,2% of total imports and travel, 27,9% of total imports of services in 2012.

There was a surplus of 71,279 million ISK of transportation and 10,312 million ISK of travel, but there was a 49,987 million ISK deficit of other business services.

EU was the largest trading partner in 2012, both with regards to exports and imports of services. 54,3% of total exports of services were sold to EU and 63,6% of total imports of services were bought from EU. Therefor was a trade deficit with EU, 18,415 million ISK. The three largest trading countries in both exports and imports of services were USA, Denmark and Germany.

Trade in services 2012 by EBOPS classification
  Exports % Imports % Balance
Value in million ISK          
Total 375,976.7 100.0 349,671.5 100.0 26,305.2
1. Transportation 177,131.8 47.1 105,852.5 30.3 71,279.4
2. Travel 107,952.5 28.7 97,640.6 27.9 10,311.9
3. Communications services 4,506.1 1.2 5,988.1 1.7 -1,482.0
4. Construction services 2,134.4 0.6 253.7 0.1 1,880.8
5. Insurance services 3,949.7 1.1 9,328.9 2.7 -5,379.1
6. Financial services 2,514.6 0.7 2,727.9 0.8 -213.3
7. Computer and information services 7,175.2 1.9 9,807.4 2.8 -2,632.2
8. Royalties and license fees 16,260.6 4.3 13,272.5 3.8 2,988.2
9. Other business services 48,625.1 12.9 98,612.0 28.2 -49,986.8
10. Personal, cultural, and recreational services 3,123.9 0.8 4,513.4 1.3 -1,389.5
11. Government services, n.i.e. 2,602.5 0.7 1,674.6 0.5 927.9

Trade in services 2012 by market areas        
  Exports % Imports % Balance
Value in million ISK          
World 375,976.7 100.0 349,671.5 100.0 26,305.2
EU 204,111.7 54.3 222,526.8 63.6 -18,415.2
EFTA 35,471.1 9.4 27,259.7 7.8 8,211.4
Other European countries 11,684.2 3.1 5,871.1 1.7 5,813.1
USA 52,648.6 14.0 67,598.2 19.3 -14,949.6
Canada 11,666.8 3.1 4,880.4 1.4 6,786.4
Other countries 57,922.2 15.4 21,155.5 6.1 36,766.7
Not specified by countries 2,472.1 0.7 379.9 0.1 2,092.2

More information of trade in services by EBOPS classification and by countries is available on Statistics Iceland website.

It should be noted that results from 2009-2011 have been modified.

Statistics