Financial News: Iceland Trade Gap Widens In December

Iceland Trade Gap Widens In December

01/08/2025 - 09:34:00 (RTTNews)

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

The trade gap widened to ISK 46.7 billion in December from ISK 28.1 billion in the corresponding month last year.

The value of exports rose 19.0 percent annually in December, and imports surged 32.0 percent.

For the last 12 months, the deficit in the balance of trade in goods was ISK 397.6 billion, or ISK 29.3 billion less 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

Ireland Property Price Inflation Slows For Third Month (06 hr(s), 52 min(s), 26 sec(s) ago)
(RTTNews) - Residential property price inflation in Ireland eased for the third month in a row in ...Full Story»

Poland Industrial Output Recovers; PPI Falls At Slower Pace (08 hr(s), 13 min(s), 26 sec(s) ago)
(RTTNews) - Poland's industrial production recovered in December on a rebound in mining and qu ...Full Story»

Iceland Jobless Rate Surges To 3.9% In December (08 hr(s), 24 min(s), 26 sec(s) ago)
(RTTNews) - Unemployment rate in Iceland climbed sharply to a three-month high in December after e ...Full Story»

UK Budget Deficit Surges On Interest Payments (08 hr(s), 47 min(s), 26 sec(s) ago)
(RTTNews) - The UK budget deficit more than doubled in December largely due to interest payments, ...Full Story»

Malaysia Central Bank Holds Key Interest Rate Steady At 3% (09 hr(s), 03 min(s), 26 sec(s) ago)
(RTTNews) - Malaysia's central bank left its benchmark interest rate unchanged on Wednesday as ...Full Story»

South Africa Inflation Climbs For Second Month, Retail Sales Growth Improves (09 hr(s), 10 min(s), 26 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated for a second straight month in ...Full Story»

UK Budget Deficit Widens In December (14 hr(s), 03 min(s), 26 sec(s) ago)
(RTTNews) - The UK budget deficit more than doubled in December from the last year as increases in ...Full Story»

South Korea Consumer Confidence Improves In January (14 hr(s), 56 min(s), 26 sec(s) ago)
(RTTNews) - South Korea's consumer sentiment increased for the first time in three months in J ...Full Story»