Iceland Posts Trade Surplus In First Ten Months

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Iceland posted a trade surplus of ISK 59.6 billion in the first ten months of the year, the Statistics Iceland said Monday. This compares with a deficit of ISK 47.1 billion in the same period last year.

Total exports dropped 25.9% to ISK 388.15 billion, while imports slipped 42.5% to ISK 328.48 billion.

'Other' products were the main contributor to the fall in exports, declining 72.1%, followed by manufacturing products, which dropped 28.7%. Within imports, transport equipment showed the biggest drop of 68.7%, followed by fuels and lubricants, which fell 41.7%.

(Market News Provided by RTTNews)