A decrease in the exportation of marine and manufacturing products year-over-year caused the Icelandic balance of trade to shift from a 25,100 million ISK surplus through the first six months of 2013, to a 2,400 million ISK deficit through the first six months of 2014.
Values of the imported goods stayed relatively consistent year-over-year, however, there was a significant decrease in exported goods during the first 6 months of this year.
Below you can see a comparison between 2013 and 2014 for the period from January through June in Icelandic Krona, US Dollars, and Euros. Additional details regarding Iceland's trade balance can be seen at Statistics Iceland.
A decrease in the exportation of marine and manufacturing products year-over-year caused the Icelandic balance of trade to shift from a 25,100 million ISK surplus through the first six months of 2013, to a 2,400 million ISK deficit through the first six months of 2014.
Values of the imported goods stayed relatively consistent year-over-year, however, there was a significant decrease in exported goods during the first 6 months of this year.
Below you can see a comparison between 2013 and 2014 for the period from January through June in Icelandic Krona, US Dollars, and Euros. Additional details regarding Iceland's trade balance can be seen at Statistics Iceland.
