Financial News: Iceland Trade Gap Narrows In July

Iceland Trade Gap Narrows In July

08/10/2026 - 10:09:00 (RTTNews)

(RTTNews) - Iceland's foreign trade deficit decreased in July from a year ago as exports grew much faster than imports, preliminary figures from Statistics Iceland showed on Monday.

The trade gap narrowed to ISK 40.6 billion in July from ISK 44.0 billion in the corresponding month last year. The deficit was also declined from ISK 58.7 billion in June.

Both exports and imports grew by 19.0 percent and 9.0 percent, respectively, compared to last year.

For the last 12 months, the deficit in the goods trade balance was ISK 441.9 billion, or ISK 63 billion more favorable than during the previous 12 months, the agency said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Fed Chairman Warsh Reiterates Discomfort With Forward Guidance But Highlights Inflation Concerns (02 hr(s), 15 min(s), 19 sec(s) ago)
(RTTNews) - Federal Reserve Chairman Kevin Warsh delivered his highly anticipated debut speech as ...Full Story»

Belgium Inflation Rises To 3.97% In August (03 hr(s), 06 min(s), 19 sec(s) ago)
(RTTNews) - Belgium's consumer price inflation increased for the second straight month in Augu ...Full Story»

India Industrial Output Growth Eases To 6.7% (03 hr(s), 24 min(s), 19 sec(s) ago)
(RTTNews) - India's industrial production growth moderated in July from a more than 2-year hig ...Full Story»

U.S. Consumer Sentiment Deteriorates Slightly Less Than Estimated In August (03 hr(s), 41 min(s), 19 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. deteriorated by slightly less than previously estimated ...Full Story»

Chicago Business Barometer Unexpectedly Plunges To Eight-Month Low In August (03 hr(s), 55 min(s), 19 sec(s) ago)
(RTTNews) - MNI Indicators released a report on Friday unexpectedly showing a sharp pullback by it ...Full Story»

Swedish Economic Sentiment Rises To 50-month High (04 hr(s), 04 min(s), 19 sec(s) ago)
(RTTNews) - Sweden's economic confidence increased for the fourth straight month in August to ...Full Story»

Spain Inflation Strongest Since 2023 (04 hr(s), 13 min(s), 19 sec(s) ago)
(RTTNews) - Spain inflation hit the highest level in more than three years in July, largely reflec ...Full Story»

Hungary Trade Surplus Shrinks On Weaker Exports (04 hr(s), 36 min(s), 19 sec(s) ago)
(RTTNews) - Hungary's foreign trade surplus contracted significantly in July compared with the ...Full Story»