Trade Resources Economy Iceland's Trade Situation in April of 2016

Iceland's Trade Situation in April of 2016

From January to April in 2016, Iceland’s imports & exports volume was USD 3.05 billion, down 5.6% by year according to Iceland’s bureau of statistics. The exports volume was USD 1.4 billion, down 14.8% and imports volume was USD 1.64 billion, up 4.0%. The trade deficit was USD 0.24 billion, down 472.6%.

In April, Iceland’s imports & exports value was USD 0.8 billion, down 0.5% by year. Exports value was USD 0.38 billion, down 9.5% and imports value was USD 0.43 billion, up 9.0%. The trade deficit was USD 0.05 billion, down 307.8%.

From January to April, the imports & exports value between Iceland and China was USD 0.15 billion, up 14.6%. Iceland’s exports value was USD 25.12 million, up 59.7%. It accounted for 1.8% of Iceland’s total exports, up 0.8%. Iceland’s imports from China reached USD 0.12 billion, up 8.3%. It accounted for 7.4% of total imports, up 0.3%.The trade surplus with China was USD 0.1 billion, down 0.2%.

Up to April, China has become the twelve largest market for Iceland’s exports and the fourth largest import source for Iceland.

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