empty
 
 

2025.09.0809:35:27UTC+00Iceland Trade Gap Smallest in 7 Months

In August 2025, Iceland's trade deficit stood at ISK 33.8 billion, a reduction from ISK 35.2 billion in August of the previous year. This represents the smallest trade deficit since January of the same year. Export levels fell by 5.1% compared to the previous year, reaching ISK 67.1 billion. This decline was largely attributed to decreased exports of farmed fish by 25.1%, manufactured goods by 16.3%, and agricultural products by 1.6%. On the other hand, imports dropped by 4.8% to ISK 100.9 billion. This was a result of reduced imports in categories such as fuels and lubricants, which plummeted by 30.9%, transport equipment down by 22.8%, and industrial supplies which fell by 7.5%. In contrast, there was a significant increase in the importation of capital goods, rising by 33.5%.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback