Very Positive Trade Balance

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Very Positive Trade Balance

Statistic Iceland has published the positive figures of Iceland trade balance in January 2012.

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Photo by Páll Stefánsson.

The value of exported goods from Iceland in January 2012 amounted to ISK 47,300 million fob and the value of imported goods amounted to ISK 37,200 million fob. Thus there was a trade surplus, calculated on fob value, of ISK 10,100 million as compared with a trade surplus of ISK 8,100 million in January 2011, at fixed rates of exchange.

Based on trade-weighted index of average foreign currency prices in terms of ISK, in January 2012 the change was 3.8% higher than in January 2011.

Monthly figures of external trade for current year are revised together with the release of figures for new months. Annual figures are published in the first half of the year after the end of the reference year.

Three most valuable items are Manufacturing products (mostly Aluminum) ISK 27,500 million, Marine products ISK 17,800 million and Agricultural products 1,2 million.

When it comes to import:  the top three are Industrial supplies ISK 11,900 million, Capital goods, excluding transport ISK 8,900 million and Fuel ISK 5,800 million.

PS