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

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September (08 min(s), 48 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected (19 min(s), 48 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed consumer pr ...Full Story»

Russia Keeps Key Interest Rate Unchanged (54 min(s), 48 sec(s) ago)
(RTTNews) - The Bank of Russia retained its interest rate after series of rate reductions, as Ukra ...Full Story»

Brazil Inflation Eases To 5-month Low (41 min(s), 48 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation moderated further in August to the lowest level ...Full Story»

U.S. Consumer Prices Increase In Line With Estimates In August (29 min(s), 48 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed consumer pr ...Full Story»

U.S. Consumer Prices Increase In Line With Estimates In August (17 min(s), 48 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed consumer pr ...Full Story»

Malaysia Unemployment Rate Remains Stable At 3.0% (33 min(s), 48 sec(s) ago)
(RTTNews) - Malaysia's unemployment rate held steady for the third straight month in July, dat ...Full Story»

Turkey Retail Sales Growth Eases To 16-month Low (15 min(s), 48 sec(s) ago)
(RTTNews) - Turkey's retail sales expanded at the weakest pace in nearly one-and-a-half years, ...Full Story»