Thursday - 30 September 2010
External trade in goods, January-August 2010
Balance of trade
The value of exported goods from Iceland amounted to ISK 363,200 million fob and the value of imported goods amounted to ISK 287,700 million fob (ISK 312,100 million cif) January-August 2010. Thus there was a trade surplus, calculated on fob value, of 75,500 million as compared with a trade surplus of ISK 54,100 million in January-August 2009, at fixed rates of exhange╣.
The total value of exports of goods January-August 2010 was ISK 39,000 million or 12.0% higher at constant rates of exchange than in the same period the year before. Marine products were 39.1% of the total exports and their value 3.3% higher than the same period the year before. Exported manufacturing products were 56.7% of total exported goods and their value was 34.9% more than in the same period the year before. Most increase occurred in the export of manufacturing products, mainly aluminium, and there was also an increase in the export of marine products. On the other hand there was a decrease in exports of ships and aircrafts.
The total value of imports of goods January-August 2010 was ISK 17,500 million or 6.5% higher at constant rates of exchange than in the same period the year before. There was an increase in the import of industrial supplies, capital goods and fuels and lubricants but there was a decrease in the imports of transport equipments.
|Balance of trade in August 2010|
|Change on previous year at constant exchange rates, % January-August|
|Million ISK at fixed exchange rate|
|Exports fob, total||39,983||41,805||324,246||363,197||12.0|
|Imports fob, total||28,707||34,776||270,174||287,684||6.5|
|Balance of trade||11,276||7,029||54,072||75,513||.|
|The value of exports and imports January-August 2009 and 2010|
|Change on previous year at constant exchange rates 1) % January-August|
|Million ISK at current exchange rate|
|Exports fob, total||312,375.3||363,196.7||12.0|
|Imports fob, total||260,283.0||287,684.0||6.5|
|Food and beverages||27,325.5||28,257.5||-0.4|
|Industrial supplies n.e.s.||82,644.2||98,094.6||14.4|
|Fuels and lubricants||31,138.9||37,796.6||16.9|
|Capital goods (except for transport)||56,929.4||66,275.8||12.2|
|Consumer goods n.e.s.||38,329.0||40,597.9||2.0|
|Balance of trade||52,092.3||75,512.7||.|
╣ Based on trade-weighted index of average foreign currency prices in terms of ISK, change on previous year 3.8%. In August 2010, foreign currency prices were 9.3% lower than in August 2009.
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. The figures are considered as final at that point of time.