According to preliminary figures for February 2019, the value of exported goods amounted to ISK 44,800 million fob and the value of imported goods amounted to ISK 60,100 million fob. Thus there was a trade deficit, calculated on fob value, of ISK 15,300 million as compared with a trade deficit of ISK 14,000 million in February 2018, at current rates of exchange.1 Trade in ships and aircrafts does not affect the trade deficit for February 2019 compared with February 2018 when the trade deficit was 7,400 excluding ships and aircrafts.
In February 2019 the value of exported goods was ISK 1,200 million lower than in February 2018 or 2.7% at current exchange rate. No export category showed significant changes between years.
The value of imported goods in February 2019 was ISK 100 million higher than in the same month last year or 0.2% at current exchange rate. There was an increase in capital goods imports and a decrease in transport equipment imports.
It should be borne in mind that these are preliminary figures that may change due to regular revision.
