The value of exported goods amounted to 48 billion ISK fob in February 2020, according to preliminary figures, while the value of imported goods amounted to 49.9 billion ISK fob. Thus, there was a trade deficit, calculated on fob value, of 1.9 billion ISK as compared with a trade deficit of 15.6 billion ISK in February 2019, at current rates of exchange.
The value of exported goods was 3.3 billion ISK higher in February 2020 than in February 2019 or 7.4% at current exchange rate. There was increase in every category except in exports of manufacturing product.
The value of imported goods in February 2020 was 10.3 billion ISK lower than in February 2019 or 17.2% at current exchange rate. The highest decrease was in the categories industrial supplies and capital goods except for transport.
It should be noted that these are preliminary figures and might change due to regular revision.