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08.01.202609:10:24UTC+00Iceland Trade Deficit Narrows in December

In December 2025, Iceland experienced a narrowing of its trade deficit, which decreased to ISK 40.8 billion from ISK 45.9 billion in the same month the previous year. This change occurred as both exports and imports saw a decline. Exports dipped by 12.3% year-over-year, totaling ISK 74.2 billion, primarily due to a significant reduction in shipments of manufactured goods (down by 25.1%) and other products (down by 55%). Imports also saw an 11.9% decrease, amounting to ISK 115.0 billion, with notable declines in food and beverages (down by 11.2%), industrial supplies (down by 27.0%), and capital goods (down by 55.3%).

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