Iceland recorded a trade deficit of 45544.70 ISK Million in September of 2025. This dataset provides the latest reported value for - Iceland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Historical dataset showing Iceland trade balance by year from 1970 to 2023.

Time series data for the statistic Trade_Balance_Iceland_with_Vietnam. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -9.24 Million as of 5/31/2025, the lowest value since 8/31/2022. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -2.72 Million compared to the value the year prior.The Serie's long term average value is -1.24 Million. It's latest available value, on 5/31/2025, is -8.00 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 7/31/2022, to it's latest available value, on 5/31/2025, is +7.35 Million.The Serie's change from it's maximum value, on 4/30/2012, to it's latest available value, on 5/31/2025, is -12.16 Million.

Iceland IS: Trade Balance: Services: USD: Ireland data was reported at -17.300 USD mn in 2023. This records an increase from the previous number of -92.600 USD mn for 2022. Iceland IS: Trade Balance: Services: USD: Ireland data is updated yearly, averaging -92.600 USD mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of -17.300 USD mn in 2023 and a record low of -179.700 USD mn in 2018. Iceland IS: Trade Balance: Services: USD: Ireland data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: OECD Member: Annual.

Time series data for the statistic Trade_Balance_Iceland_with_Serbia. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -0.7266 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.2026 Million compared to the value the year prior.The Serie's long term average value is -0.171 Million. It's latest available value, on 5/31/2025, is -0.556 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 7/31/2024, to it's latest available value, on 5/31/2025, is +0.4535 Million.The Serie's change from it's maximum value, on 1/31/2011, to it's latest available value, on 5/31/2025, is -2.63 Million.

Iceland IS: Trade Balance: Services: Romania data was reported at 14.900 ISK mn in 2023. This records an increase from the previous number of -113.800 ISK mn for 2022. Iceland IS: Trade Balance: Services: Romania data is updated yearly, averaging -131.950 ISK mn from Dec 2013 (Median) to 2023, with 10 observations. The data reached an all-time high of 66.800 ISK mn in 2016 and a record low of -1,099.500 ISK mn in 2014. Iceland IS: Trade Balance: Services: Romania data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: by Country: OECD Member: Annual.

Time series data for the statistic Trade_Balance_Iceland_with_Niger. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe Serie's long term average value is 26.56 Thousand. It's latest available value, on 2/28/2025, is 71.26 Thousand higher, compared to it's long term average value.The Serie's change from it's minimum value, on 7/31/2017, to it's latest available value, on 2/28/2025, is +101.26 Thousand.The Serie's change in percent from it's maximum value, on 3/31/2008, to it's latest available value, on 2/28/2025, is -27.42%.

Iceland IS: Trade Balance: Services: USD: Trinidad and Tobago data was reported at 1.400 USD mn in 2023. This records an increase from the previous number of 0.900 USD mn for 2022. Iceland IS: Trade Balance: Services: USD: Trinidad and Tobago data is updated yearly, averaging 0.250 USD mn from Dec 2014 (Median) to 2023, with 10 observations. The data reached an all-time high of 1.400 USD mn in 2023 and a record low of -0.400 USD mn in 2014. Iceland IS: Trade Balance: Services: USD: Trinidad and Tobago data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: OECD Member: Annual.

Time series data for the statistic Trade_Balance_Iceland_with_Palau. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -38.17 Thousand as of 5/31/2025, the highest value since 11/30/2024. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.182 Thousand compared to the value the year prior.The Serie's long term average value is -4.64 Thousand. It's latest available value, on 5/31/2025, is -33.54 Thousand lower, compared to it's long term average value.The Serie's change from it's minimum value, on 5/31/2025, to it's latest available value, on 5/31/2025, is +0.0 Thousand.The Serie's change from it's maximum value, on 8/31/2024, to it's latest available value, on 5/31/2025, is -41.98 Thousand.

Iceland IS: Trade Balance: All Services: Insurance And Pension Services data was reported at -730.700 ISK mn in 2023. This records an increase from the previous number of -1,522.000 ISK mn for 2022. Iceland IS: Trade Balance: All Services: Insurance And Pension Services data is updated yearly, averaging -1,624.200 ISK mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of -417.400 ISK mn in 2020 and a record low of -2,776.700 ISK mn in 2013. Iceland IS: Trade Balance: All Services: Insurance And Pension Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: by Services: OECD Member: Annual. Insurance and pension services covers the provision to non-residents of various types of insurance by resident insurance enterprises, and vice versa.MSITS 2010 recommends that insurance and pension services be disaggregated into four separate sub-components: direct insurance; reinsurance; auxiliary insurance; and pension and standardized guarantee services. Direct insurance is further broken down into life insurance, freight insurance and other direct insurance. Pension and standardized guarantee services is further broken down into pension services and standardized guarantee services.Insurance provides individual units (Governments, enterprises and households) exposed to certain risks with financial protection against the consequences of the occurrence of specified events. In addition, insurers often act as financial intermediaries who invest funds collected from these units in financial or other assets in order to meet future claims. Pension funds are established to provide benefits for retirement or invalidity of specific groups of employees. They are similar to insurance in that they act as intermediaries with regard to investing the funds for their beneficiaries and redistribute some risks. Insurance and pension fund operations have common features, but they can be distinguished. While life insurance and pension funds include a large saving component, the objective of non-life insurance (including term life insurance) is largely to pool risk. The transactions undertaken by insurers include charging premiums, paying claims and investing funds. Similarly, pension fund transactions include receiving contributions, paying benefits and investing funds. In order to analyse the economic processes underlying these operations, it is necessary to examine their components so as to separate services from other elements such as income transfers.Cross-border insurance transactions are particularly common in specialized areas involving reinsurance and high-value items such as ships and aircraft. For some small economies, the small size of their risk pool means that a wider range of items tend to be insured by non-residents. With the international mobility of populations, cross-border transactions in life insurance and pensions can also occur on a significant scale.Direct insurance and reinsurance may apply to both life and non-life policies. A direct insurance transaction occurs between an insurance company and the public. Reinsurance is defined as insurance where both parties to the policy are providers of insurance services; that is to say, reinsurance allows insurance risk to be transferred from one insurer to another. Many insurers act as both direct insurers and reinsurers. Reinsurance and direct insurance services are estimated or valued by the service charges included in the total premiums.

Time series data for the statistic Trade_Balance_Iceland_with_Switzerland. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at 1.86 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.3987 Million compared to the value the year prior.The Serie's long term average value is -0.87 Million. It's latest available value, on 5/31/2025, is 2.73 Million higher, compared to it's long term average value.The Serie's change from it's minimum value, on 8/31/2008, to it's latest available value, on 5/31/2025, is +59.46 Million.The Serie's change from it's maximum value, on 12/31/2010, to it's latest available value, on 5/31/2025, is -27.01 Million.

Iceland IS: Trade Balance: Services: Singapore data was reported at 1,670.300 ISK mn in 2023. This records an increase from the previous number of -2,204.700 ISK mn for 2022. Iceland IS: Trade Balance: Services: Singapore data is updated yearly, averaging 895.200 ISK mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 23,236.600 ISK mn in 2013 and a record low of -2,204.700 ISK mn in 2022. Iceland IS: Trade Balance: Services: Singapore data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: by Country: OECD Member: Annual.

Time series data for the statistic Trade_Balance_Iceland_with_Albania. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -24.08 Thousand as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -14.80 Thousand compared to the value the year prior.The Serie's long term average value is -7.55 Thousand. It's latest available value, on 5/31/2025, is -16.53 Thousand lower, compared to it's long term average value.The Serie's change from it's minimum value, on 2/28/2023, to it's latest available value, on 5/31/2025, is +39.41 Thousand.The Serie's change from it's maximum value, on 11/30/2015, to it's latest available value, on 5/31/2025, is -304.67 Thousand.

Iceland IS: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services data was reported at 39.900 USD mn in 2023. This records a decrease from the previous number of 68.900 USD mn for 2022. Iceland IS: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services data is updated yearly, averaging 41.100 USD mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 85.900 USD mn in 2018 and a record low of 18.200 USD mn in 2020. Iceland IS: Trade Balance: USD: All Services: Telecommunications, Computer, And Information Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: USD: by Services: OECD Member: Annual. MSITS 2010 recommends that the BPM6 component telecommunications, computer, and information services be further disaggregated into three sub-components: telecommunications services, computer services and information services.Computer services and telecommunications services are defined in terms of the nature of the service, not the method of delivery. To illustrate, provision of business services, such as accounting services, is included under the appropriate sub-component of other business services even if these services are entirely delivered by computers or the Internet. Only amounts payable for transmission should be included under telecommunications services. Downloaded content is included in the appropriate services items.Telecommunications services covers the broadcast or transmission of sound, images, data, or other information by telephone, telex, telegram, radio and television cable transmission, radio and television satellite, electronic mail, facsimile, etc., and includes business network services, teleconferencing and support services. It does not include the value of the information transported. Also included are mobile telecommunications services, Internet backbone services and online access services, including the provision of access to the Internet. Excluded are installation services for telephone network equipment (included in construction), and database services (included in information services).Computer services consists of hardware- and software-related services and dataprocessing services. Some forms of software are classified under goods. EBOPS 2010 proposes a complementary grouping, computer software transactions, covering all transactions relating to computer software, be it services or goods transactions; and recommends the breakdown of computer services into computer software and other computer services.

Time series data for the statistic Trade_Balance_Iceland_with_Hungary. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -0.833 Million as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 3.59 Million compared to the value the year prior.The Serie's long term average value is 0.0441 Million. It's latest available value, on 5/31/2025, is -0.877 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 10/31/2023, to it's latest available value, on 5/31/2025, is +14.46 Million.The Serie's change from it's maximum value, on 9/30/2013, to it's latest available value, on 5/31/2025, is -8.82 Million.

Iceland IS: Trade Balance: Services: USD: Bulgaria data was reported at -3.700 USD mn in 2023. This records a decrease from the previous number of 1.500 USD mn for 2022. Iceland IS: Trade Balance: Services: USD: Bulgaria data is updated yearly, averaging -3.700 USD mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 1.700 USD mn in 2019 and a record low of -38.300 USD mn in 2014. Iceland IS: Trade Balance: Services: USD: Bulgaria data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: OECD Member: Annual.

Time series data for the statistic Trade_Balance_Iceland_with_Zambia. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -0.473 Thousand as of 6/30/2017, the highest value since 1/31/2025. Regarding the Three-Year-Change of the series, the current value constitutes an increase of 0.152 percent compared to the value three years prior.The 3 year change in percent is 0.152.The 5 year change in percent is 3.60.The Serie's long term average value is -0.683 Thousand. It's latest available value, on 5/31/2025, is 0.614 Thousand higher, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2004, to it's latest available value, on 5/31/2025, is +20.69 Thousand.The Serie's change from it's maximum value, on 3/31/2022, to it's latest available value, on 5/31/2025, is -75.71 Thousand.

Iceland IS: Trade Balance: Services: USD: South Africa data was reported at 3.400 USD mn in 2023. This records an increase from the previous number of 2.600 USD mn for 2022. Iceland IS: Trade Balance: Services: USD: South Africa data is updated yearly, averaging 1.800 USD mn from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 3.900 USD mn in 2018 and a record low of 0.300 USD mn in 2020. Iceland IS: Trade Balance: Services: USD: South Africa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: OECD Member: Annual.

Time series data for the statistic Trade_Balance_Iceland_with_Latvia. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -5.25 Million as of 5/31/2025, the lowest value since 11/30/2024. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.6316 Million compared to the value the year prior.The Serie's long term average value is -2.42 Million. It's latest available value, on 5/31/2025, is -2.83 Million lower, compared to it's long term average value.The Serie's change from it's minimum value, on 7/31/2007, to it's latest available value, on 5/31/2025, is +6.13 Million.The Serie's change from it's maximum value, on 12/31/1997, to it's latest available value, on 5/31/2025, is -7.19 Million.

Iceland IS: Trade Balance: Services: USD: Ecuador data was reported at 0.100 USD mn in 2023. This records an increase from the previous number of -0.100 USD mn for 2021. Iceland IS: Trade Balance: Services: USD: Ecuador data is updated yearly, averaging -0.100 USD mn from Dec 2013 (Median) to 2023, with 7 observations. The data reached an all-time high of 0.100 USD mn in 2023 and a record low of -0.300 USD mn in 2013. Iceland IS: Trade Balance: Services: USD: Ecuador data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Iceland – Table IS.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: OECD Member: Annual.