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317 million EUR surplus of the balance of trade in goods, January-October 2013 Featured

Balance of trade: The value of exported goods from Iceland amounted to EUR 3.09 bn fob and the value of imported goods amounted to EUR 2.82 bn fob January-October 2013. 

Thus there was a trade surplus, calculated on fob value, of EUR 317 million as compared with a trade surplus of EUR 395 million in January-October 2012, at current rates of exchange.

Exports
The total value of exports of goods the first ten months of 2013 was EUR 148 million or 4.5% lower at current rates of exchange than in the same period the year before. Exported manufacturing products were 51.4% of total exported goods and their value was 5.3% less than in the same period the year before. Marine products were 44.5% of the total exports and their value 1.0% lower than the same period the year before. The decrease in the exports of manufacturing products and marine products is partly because of lower price of the products.

Imports
The total value of imports of goods the first ten months of 2013 was EUR 69 million or 2.4% lower at current rates of exchange than in the same period the year before, mainly because of decreased imports of ships and aircrafts. Also there was a decrease in the imports of oil. However, the imports of capital goods along with food and beverages and other consumer goods increased.

 

Source: Statistics Iceland

 

Last modified on Friday, 29 November 2013 14:56

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