The value of exported goods amounted to 46.8 billion ISK fob according to preliminary figures for July 2020 while the value of imported goods amounted to 59.2 billion ISK fob. Thus, there was a trade deficit, calculated on fob value, of 12.4 billion ISK as compared with a trade deficit of 20.1 billion ISK in July 2019, at current rates of exchange.
The value of exported goods was 4.7 billion ISK lower in July 2020 than in July 2019 or 9.2% at current exchange rate. The biggest decrease in value was in marine products.
The value of imported goods in July 2020 was 12.4 billion ISK lower than in July 2019 or 17.3% at current exchange rate. The decrease is mainly linked to less import of fuels and capital goods.
It should be noted that these are preliminary figures and might change due to regular revision.