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Iceland - Trade Balance 1971

Name: Iceland Trade Balance 1971
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-43.4M −$51.6M from 1970 Global rank: 50th

Iceland's trade balance was $-43.4M in 1971, decreased +$51.6M from $8.2M in 1970. This was the 50th highest globally.

Global Ranking - 1971▾

Trade Balance by Country - 1971
Rank	Country	Value	YoY
1st	Germany	$-4.3B	-37.1%
2nd	Puerto Rico (US)	$-1.1B	-
3rd	Korea	$-1.0B	-17.5%
4th	Israel	$-1.0B	22.1%
5th	Greece	$-923.4M	-5.5%
6th	Brazil	$-848.6M	-377.0%
7th	South Africa	$-829.1M	-31.0%
8th	Cuba	$-799.1M	-21.5%
9th	Portugal	$-494.5M	-22.1%
10th	Türkiye	$-473.3M	-37.0%
11th	Algeria	$-468.2M	-36.0%
12th	Singapore	$-461.1M	-26.3%
13th	Mexico	$-422.9M	37.4%
14th	Egypt, Arab Republic of	$-391.0M	-37.9%
15th	Bangladesh	$-388.2M	-2.9%
16th	Denmark	$-386.5M	20.1%
17th	Ireland	$-385.2M	-6.3%
18th	Norway	$-370.3M	-363.3%
19th	Colombia	$-316.8M	-242.7%
20th	Pakistan	$-294.2M	-7.4%
21st	Finland	$-288.9M	-51.3%
22nd	Papua New Guinea	$-264.6M	-15.6%
23rd	India	$-225.8M	-276.3%
24th	Thailand	$-208.3M	32.6%
25th	Indonesia	$-207.4M	24.3%
26th	Argentina	$-200.0M	-173.1%
27th	Ecuador	$-168.3M	-64.7%
28th	Dominican Republic	$-161.6M	-9.0%
29th	Chile	$-131.0M	-470.7%
30th	Syrian Arab Republic	$-129.3M	-69.7%
31st	Australia	$-124.3M	-23.3%
32nd	Senegal	$-120.9M	-30.2%
33rd	Morocco	$-120.8M	22.6%
34th	Kenya	$-116.5M	-766.7%
35th	Costa Rica	$-111.1M	-67.2%
36th	Ghana	$-108.3M	-256.2%
37th	Panama	$-97.5M	-24.5%
38th	Afghanistan	$-95.6M	-152.9%
39th	Madagascar	$-78.9M	-192.7%
40th	Peru	$-77.5M	-156.6%
41st	Burkina Faso	$-69.6M	-42.0%
42nd	Congo, Republic of	$-64.6M	-2.1%
43rd	Malta	$-62.0M	9.0%
44th	Guinea-Bissau	$-61.6M	-14.9%
45th	Uganda	$-58.7M	-244.0%
46th	Austria	$-55.3M	-368.1%
47th	Cameroon	$-51.2M	-388.9%
48th	Sri Lanka	$-47.4M	34.4%
49th	Switzerland	$-45.0M	28.7%
50th	Iceland	$-43.4M	-628.5%
51st	Botswana	$-36.2M	-3.8%
52nd	Sudan	$-35.3M	-2,360.0%
53rd	Benin	$-33.7M	-8.7%
54th	Bolivia, Plurinational State of	$-33.0M	-1,451.7%
55th	Nepal	$-32.9M	-11.7%
56th	Uruguay	$-32.3M	-14.3%
57th	Lesotho	$-32.2M	-27.6%
58th	Guatemala	$-28.0M	-285.4%
59th	Mali	$-26.9M	-30.3%
60th	Chad	$-25.8M	5.0%
61st	Togo	$-23.7M	-441.5%
62nd	El Salvador	$-23.5M	-825.9%
63rd	Niger	$-22.4M	52.9%
64th	Somalia, Fed. Rep.	$-22.0M	-30.7%
65th	Nicaragua	$-18.6M	3.1%
66th	Paraguay	$-17.1M	-138.4%
67th	Central African Republic	$-15.4M	15.6%
68th	Rwanda	$-14.8M	-81.0%
69th	Tunisia	$-5.5M	86.0%
70th	Sierra Leone	$-4.7M	-162.1%
71st	Faroe Islands	$-3.0M	-200.2%
72nd	Gambia, The	$-2.7M	-64.6%
73rd	Guyana	$10.5M	824.1%
74th	Honduras	$29.4M	170.1%
75th	Mauritania	$50.0M	6.8%
76th	Gabon	$53.4M	40.5%
77th	Côte d'Ivoire	$59.9M	-38.2%
78th	Malaysia	$60.9M	-62.8%
79th	New Zealand	$63.5M	132.7%
80th	Spain	$68.3M	110.8%
81st	Oman	$101.3M	-26.8%
82nd	Luxembourg	$149.8M	-45.2%
83rd	Hong Kong SAR, China	$188.1M	-35.8%
84th	Iran, Islamic Republic of	$244.8M	181.5%
85th	China	$477.3M	556.9%
86th	Sweden	$572.5M	955.0%
87th	Belgium	$581.8M	-0.3%
88th	United States	$621.0M	-84.3%
89th	Iraq	$798.6M	42.0%
90th	Netherlands	$940.4M	380.2%
91st	Italy	$952.5M	268.1%
92nd	Canada	$1.3B	-32.9%
93rd	Kuwait	$1.9B	80.4%
94th	France	$2.2B	66.4%
95th	United Kingdom	$2.4B	68.7%
96th	Saudi Arabia	$2.6B	64.8%
97th	Japan	$6.1B	148.5%

FAQ

What was Iceland's trade balance in 1971?▾

Iceland's trade balance in 1971 was $-43.4M. This ranked 50th globally.

How did Iceland's trade balance change in 1971?▾

Iceland's trade balance decreased by 628.5% in 1971 compared to 1970.

Which country had the highest trade balance in 1971?▾

Japan had the highest trade balance in 1971 at $6.1B.

What is the trade balance of Iceland in 1971?▾

The trade balance of Iceland in 1971 was $-43.4M. This ranked 50th globally.

How does 1971 compare to 1970 for Iceland's trade balance?▾

Iceland's trade balance went from $8.2M in 1970 to $-43.4M in 1971, a 628.5% decrease.

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