The value of exported goods amounted to 44.1 billion ISK fob according to preliminary figures for August 2020 while the value of imported goods amounted to 55.3 billion ISK fob. Thus, there was a trade deficit, calculated on fob value, of 11.2 billion ISK as compared with a trade deficit of 12.2 billion ISK in August 2019, at current rates of exchange.
The value of exported goods was 1.8 billion ISK lower in August 2020 than in August 2019 or 3.9% at current exchange rates. The largest decrease in value was in manufacturing products which was partly offset by an increase in the value of marine products.
The value of imported goods in August 2020 was 2.8 billion ISK lower than in August 2019 or 4.8% at current exchange rate. The decrease is mainly linked to less imports of fuels.
It should be noted that these are preliminary figures and might change due to regular revision.
