Iceland recorded a trade deficit of ISK 36.2 billion in August of 2021, up from ISK 17.4 billion in the same month of last year. Imports surged 49.7 percent to ISK 92.1 billion, driven mostly by purchases of transport equipment (114.7 percent), fuel & lubricants (89.7 percent), industrial suppliers (59.5 percent), consumer goods (14.9 percent) and food & beverages (17.4 percent), Meanwhile, exports advanced at a slower 26.8 percent to ISK 55.9 billion, particularly pushed by agricultural products ( 73.9 percent) and manufacturing products (45 percent). source: Statistics Iceland
Imports in Iceland averaged 17461.86 ISK Million from 1960 until 2021, reaching an all time high of 106393 ISK Million in June of 2021 and a record low of 1.21 ISK Million in January of 1960. This page provides - Iceland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Imports - values, historical data and charts - was last updated on September of 2021.
Imports in Iceland is expected to be 73600.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Imports is projected to trend around 74400.00 ISK Million in 2022, according to our econometric models.