Iceland's balance of trade turns to deficit in 2015

Iceland saw its balance of trade amount to a deficit of 30.3 billion Icelandic krona (233.1 million U.S. dollars) in the whole year of 2015, down from a surplus of 4.3 billion Icelandic krona in 2014, Statistics Iceland said Friday.

Figures show the value of exported goods amounted to about 626.3 billion krona in 2015, 6.1 percent higher than that in the same period of the previous year, at current rates of exchange.

Exported manufacturing products contributed to 52.9 percent of total exported goods, while marine products contributed 42.2 percent.

The value of imported goods amounted to about 656.6 billion krona in 2015, 12 percent higher than that in the same period of the previous year, mainly due to the increase of imports of industrial supplies and aircraft. However, the imports of fuels decreased. (1 U.S. dollar = 130 Icelandic krona)