The value of exported goods from Iceland amounted to 98 billion ISK fob in June 2026 and the value of imported goods 155.3 billion ISK cif (148.3 billion ISK fob) according to preliminary figures. Thus, there was a trade deficit, calculated on fob/cif value, of 57.4 billion ISK as compared with a trade deficit of 39.8 billion ISK in June 2025 at current rates of exchange.
The trade balance in June 2026 was therefore 17.6 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 443.9 billion ISK or 53.1 billion ISK more favourable than during the previous 12 months.
Value of exported goods decreased by 3% for the last 12 months
The value of exported goods in June 2026 was 29.1 billion ISK, 42% higher than in June 2025, increasing from 68.8 billion ISK to 98 billion ISK, mainly due to increased exports of manufacturing goods.
For the last 12 months, the total value of exported goods was 935.9 billion ISK or 24.5 billion ISK lower (3%) than during the previous 12 months at current rates of exchange. Manufacturing products contributed 49% of the total exports, their value decreasing by 11% compared with the previous 12 months. Marine products contributed 41% of total exported goods and their value increased by 8% compared with the previous 12 months.
Value of imported goods decreased by 5% for the last 12 months
The value of imports of goods was 155.3 billion ISK in June 2026 compared with 108.6 billion ISK in June 2025. The increase was thus 46.7 billion ISK (43%). The increase was mainly due to the increased imports of capital goods.
For the last 12 months, the total value of imports of goods was 1,379.8 billion ISK, decreased by 77.6 billion ISK (5%) compared with the previous 12 months at current rates of exchange. For larger categories, the largest decrease was in the value of industrial supplies and investment goods but there was also decrease in the import of fuels and lubricants and transport equipment. The largest increase was in the import of consumer goods and food and beverages.
The average value of the exchange rate index for the 12 months period was 185.3, stronger by 3.5% from the previous 12 months the year before. The exchange rate became weaker by 0.9% in June 2026 (186.3) compared with June 2025 (184.6).
This press release includes preliminary data of June 2026 which might change.