The value of exported goods amounted to 56.1 billion ISK fob according to preliminary figures for March 2020 while the value of imported goods amounted to 65.3 billion ISK fob. Thus, there was a trade deficit, calculated on fob value, of 9.2 billion ISK as compared with a trade deficit of ISK 8.8 billion in March 2019, at current rates of exchange.
The value of exported goods was 3.5 billion ISK higher in March 2020 than in March 2019 or 6.5% at current exchange rate. There was an increase in every category, the largest in marine products.
The value of imported goods in March 2020 was 3.8 billion ISK higher than in March 2019 or 6.2% at current exchange rate. There was an increase in all categories except in fuels and lubricants and capital goods, excluding transport.
It should be noted that these are preliminary figures and might change due to regular revision.