Favorable Trade in September - The Reykjavik Grapevine

Favorable Trade in September

Published October 30, 2009

A greater value of goods were exported from than were imported into Iceland last month, RÚV reports.
All told, in September Iceland exported goods worth 43.7 billion ISK (about 351 million USD) while importing goods worth 40.6 billion ISK (about 327 million USD). In fact, when the year as a whole is taken into consideration, Icelandic exports totalled 341 billion ISK (about 2.7 billion USD) while imports totalled 279.5 billion ISK (about 2.2 billion USD).
While the value of exported goods for the first nine months of 2009 were about one fourth less than the previous year, it is at least encouraging that the export-to-import ratio remains in the black. Additionally, unemployment has been steadily dropping from a peak of about 9% in April, to about 7% today.

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