Financial News: Iceland Trade Gap Narrows In May

Iceland Trade Gap Narrows In May

06/08/2026 - 05:55:00 (RTTNews)

(RTTNews) - Iceland's foreign trade deficit decreased in May from a year ago, preliminary figures from Statistics Iceland showed on Monday.

The trade gap narrowed to ISK 56.6 billion in May from ISK 63.1 billion in the corresponding month last year. In April, the shortfall was ISK 65.8 billion.

Both exports and imports plunged by 11.0 percent on an annual basis in May. There was a 15.0 percent sharp decline in the outflows of industrial goods, which constitutes 48 percent of overall merchandise exports.

Data showed that the import decline was more evident in investment goods, while the country imported more food and beverages.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Eurozone Investor Sentiment Improves For Second Month (32 min(s), 44 sec(s) ago)
(RTTNews) - Eurozone investor confidence improved for the second straight month in June, signallin ...Full Story»

Iceland Trade Gap Narrows In May (01 hr(s), 19 min(s), 44 sec(s) ago)
(RTTNews) - Iceland's foreign trade deficit decreased in May from a year ago, preliminary figu ...Full Story»

Japan GDP Growth Revised Down To 1.8% (01 hr(s), 43 min(s), 44 sec(s) ago)
(RTTNews) - Japan's economy expanded a slower pace than initially estimated in the first quart ...Full Story»

Lithuania Inflation Climbs To 33-month High (03 hr(s), 17 min(s), 44 sec(s) ago)
(RTTNews) - Lithuania's consumer price inflation accelerated further in May to the highest lev ...Full Story»

Czech Industrial Output Growth Improves; Trade Surplus Shrinks (03 hr(s), 19 min(s), 44 sec(s) ago)
(RTTNews) - The Czech Republic's industrial output growth accelerated somewhat in April, while ...Full Story»

Germany Factory Orders Decline (04 hr(s), 15 min(s), 44 sec(s) ago)
(RTTNews) - Germany's factory orders declined more than expected in April, data from Destatis ...Full Story»

Japan Eco-watchers Index Rises In May (04 hr(s), 37 min(s), 44 sec(s) ago)
(RTTNews) - A measure of the public assessment of the current situation of the Japanese economy im ...Full Story»

European Economic News Preview: Germany Factory Orders Data Due (05 hr(s), 39 min(s), 44 sec(s) ago)
(RTTNews) - Factory orders from Germany and investor confidence from the euro area are the top eco ...Full Story»