The value of exported goods from Iceland amounted to 73.2 billion ISK fob in April 2026 and the value of imported goods 138.1 billion ISK cif (131.7 billion ISK fob) according to preliminary figures. Thus, there was a trade deficit, calculated on fob/cif value, of 64.9 billion ISK as compared with a trade deficit of 54.1 billion ISK in April 2025 at current rates of exchange.
The trade balance in April 2026 was therefore 10.8 billion ISK less favourable than during the same period last year. For the last 12 months the deficit in balance of trade in goods was 429.6 billion ISK or 35.5 billion ISK more favourable than during the previous 12 months.
Value of exported goods decreased by 6% for the last 12 months
The value of exported goods in April 2026 was 9 billion ISK, 11%, lower than in April 2025, decreasing from 82.2 billion ISK to 73.2 billion ISK, mainly due to decreased exports of manufacturing goods.
For the last 12 months, the total value of exported goods was 915.3 billion ISK or 54.1 billion ISK lower (6%) than during the previous 12 months at current rates of exchange. Manufacturing products contributed 49% of the total exports, their value decreasing by 14% compared with the previous 12 months. Marine products contributed 41% of total exported goods and their value increased by 5% compared with the previous 12 months.
Value of imported goods decreased by 6% for the last 12 months
The value of imports of goods was 138.1 billion ISK in April 2026 compared with 136.2 billion ISK in April 2025. The increase was thus 1.9 billion ISK (1%). Mainly the increase was due to the increased imports of fuels and lubricants and transport equipments, but it was largely offset by decrease in the imports of industrial supplies and food and beverages.
For the last 12 months, the total value of imports of goods was 1,345 billion ISK, decreased by 89.7 billion ISK (6%) compared with the previous 12 months at current rates of exchange. For larger categories, the largest decrease was in the value of industrial supplies but there was also decrease in the import of capital goods and fuels and lubricants, but the largest increase was in the import of consumer goods.
The average value of the exchange rate index for the 12 months period was 185.4, stronger by 4.2% from the previous 12 months the year before. The exchange rate became stronger by 1.2% in April 2026 (185,2) compared with April 2025 (187.3).
This press release includes preliminary data of April 2026 which might change.