MarketAPI logoMarketAPI

Balance of trade · Iceland

Iceland Balance of Trade

The Iceland Balance of Trade shows the difference between the value of goods (and sometimes services) that Iceland sells abroad and what it buys from abroad, or the growth of exports and imports.

Importance
Low
Released
Monthly
Next release
Currency
ISK · Icelandic krona
Central bank
The Central Bank of Iceland
Moves
VERISK

Latest figures

The latest release for SEP, published on 7 October 2026, came in at ISK-45.7B.

ReleasedForActualConsensusPrevious
7 Oct 2026SEPISK-45.7B–ISK-63.1B
8 Sep 2026AUGISK-63.1B–ISK-39.4B ®
10 Aug 2026JULISK-40.6B–ISK-58.7B ®
7 Jul 2026JUNISK-57.4B–ISK-56.9B ®
8 Jun 2026MAYISK-56.6B–ISK-65.8B ®
8 May 2026APRISK-64.9B–ISK-35.4B ®
10 Apr 2026MARISK-37.9B–ISK-9.6B ®
6 Mar 2026FEBISK-9.9B–ISK-0.3B
6 Feb 2026JANISK-0.3B–ISK-40.4B ®
8 Jan 2026DECISK-40.8B–ISK-32.4B ®
8 Dec 2025NOVISK-31.4B–ISK-24.1B ®
7 Nov 2025OCTISK-24.2B–ISK-45.4B

See it in the economic calendar →

Why it matters

Exports are a big part of demand for open economies (Germany, China, Japan, Korea, the Netherlands). A larger surplus means more foreign demand for the Icelandic krona; strong imports signal domestic demand. China's figures are read as a gauge of world demand.

How it is calculated

Customs records the value of goods crossing the border; services come from surveys. The balance is exports minus imports, usually seasonally adjusted.

Trade balance = exports − imports

What changes mean

  • Look at exports and imports separately: a wider surplus from collapsing imports is a sign of weak domestic demand, not strength.
  • Exchange-rate moves take months to affect trade volumes (the J-curve).

Higher than expected: A larger surplus (or smaller deficit) than expected tends to support the Icelandic krona.

Lower than expected: A smaller surplus (or larger deficit) than expected tends to weigh on the Icelandic krona.

A short history

Trade balances were the obsession of mercantilism in the 16th–18th centuries; David Hume's price-specie flow mechanism (1752) explained why surpluses tend to correct themselves.

Questions

What is the Iceland Balance of Trade?

The Iceland Balance of Trade shows the difference between the value of goods (and sometimes services) that Iceland sells abroad and what it buys from abroad, or the growth of exports and imports.

What was the latest Iceland Balance of Trade?

ISK-45.7B for SEP, published on 7 October 2026.

When is the next Iceland Balance of Trade?

On Friday 6 November 2026 at 09:00 UTC.

Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.