According to preliminary figures for August 2019 the value of exported goods amounted to ISK 44,800 million fob and the value of imported goods amounted to ISK 57,000 million fob. Thus, there was a trade deficit, calculated on fob value, of ISK 12,200 million as compared with a trade deficit of ISK 18,800 million in August 2018, at current rates of exchange. Trade in ships and aircraft has little effects on the figures at this time.
In August 2019 the value of exported goods was ISK 3,000 million lower than in August 2018 or 6.2% at current exchange rate. The decrease was mainly due to lower exports of manufacturing products and marine products.
The value of imported goods in August 2019 was ISK 9,500 million lower than in August 2018 or 14.3% at current exchange rate. The decrease was in all categories but mainly due to decreased import in industrial supplies and fuels.
It should be borne in mind that these are preliminary figures and might change due to regular revision.