2026.10.0709:14:34UTC+00Iceland Trade Gap Widens in September

Iceland’s trade deficit widened to ISK 45.7 billion in September 2026 from ISK 44.9 billion in the same month a year earlier. Imports rose 9% year-on-year to ISK 133.2 billion, largely driven by higher purchases of fuels and lubricants (+79%), capital goods (+13%), and consumer goods (+9%). These gains outweighed declines in imports of food and beverages (-11%), industrial supplies (-3%), and transport equipment (-13%).

Exports increased 13% to ISK 87.5 billion, supported by robust growth in shipments of farmed fish (+64%) and manufacturing products (+29%), which more than offset decreases in marine products (-7%), agricultural products (-7%), and other products (-29%).

Over the past twelve months, Iceland’s trade deficit narrowed to ISK 470.7 billion from ISK 521.4 billion a year earlier. During this period, imports declined by 2% to ISK 1,435.6 billion, while exports rose by 2% to ISK 964.9 billion.