Iceland - Trade Balance 1978
$70.8M
+$89.9M from 1977
Iceland's trade balance was $70.8M in 1978, increased +$89.9M from $-19.1M in 1977. This was the 78th highest globally.
Global Ranking - 1978▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | United States | $-25.4B | -9.8% |
| 2nd | Germany | $-14.2B | -9.8% |
| 3rd | Algeria | $-3.9B | -64.9% |
| 4th | Israel | $-2.4B | -33.5% |
| 5th | Brazil | $-2.4B | -103.6% |
| 6th | Portugal | $-2.3B | 9.7% |
| 7th | Korea | $-2.3B | -200.0% |
| 8th | Greece | $-2.2B | -5.3% |
| 9th | Egypt, Arab Republic of | $-2.1B | -47.6% |
| 10th | Türkiye | $-2.1B | 48.8% |
| 11th | Cuba | $-2.1B | -25.4% |
| 12th | Morocco | $-1.8B | 19.7% |
| 13th | Puerto Rico (US) | $-1.8B | -9.8% |
| 14th | Pakistan | $-1.6B | -25.3% |
| 15th | Syrian Arab Republic | $-1.5B | 12.2% |
| 16th | Ireland | $-1.5B | -40.4% |
| 17th | China | $-1.5B | -793.3% |
| 18th | Denmark | $-1.3B | 24.7% |
| 19th | Bangladesh | $-1.3B | -155.7% |
| 20th | Jordan | $-1.2B | -15.6% |
| 21st | Australia | $-1.1B | -64.4% |
| 22nd | Thailand | $-1.0B | 5.3% |
| 23rd | Austria | $-892.2M | 60.4% |
| 24th | Belgium | $-799.2M | -45.5% |
| 25th | Chile | $-613.8M | -91.6% |
| 26th | Sudan | $-592.9M | -9.0% |
| 27th | Mexico | $-583.9M | -835.6% |
| 28th | Kenya | $-517.2M | -441.9% |
| 29th | Dominican Republic | $-512.2M | -55.0% |
| 30th | Senegal | $-473.3M | -26.6% |
| 31st | Tunisia | $-464.0M | -7.7% |
| 32nd | Ecuador | $-456.9M | -125.6% |
| 33rd | India | $-375.3M | -361.3% |
| 34th | Guatemala | $-351.3M | -255.9% |
| 35th | Togo | $-347.7M | -69.2% |
| 36th | Burkina Faso | $-299.3M | -17.7% |
| 37th | El Salvador | $-289.8M | -1,523.2% |
| 38th | Bolivia, Plurinational State of | $-282.4M | -204.7% |
| 39th | Singapore | $-280.0M | -188.6% |
| 40th | Costa Rica | $-276.6M | -64.7% |
| 41st | Panama | $-252.0M | -43.7% |
| 42nd | Mali | $-222.9M | -211.2% |
| 43rd | Cameroon | $-208.3M | -123.5% |
| 44th | Cyprus | $-198.5M | -35.4% |
| 45th | Lesotho | $-195.5M | -0.6% |
| 46th | Madagascar | $-184.4M | -116.9% |
| 47th | Somalia, Fed. Rep. | $-171.0M | 12.0% |
| 48th | Benin | $-167.4M | -20.0% |
| 49th | Congo, Republic of | $-152.4M | -1.2% |
| 50th | Mauritania | $-147.5M | 25.6% |
| 51st | Sri Lanka | $-130.5M | -186.9% |
| 52nd | Chad | $-128.6M | -5.6% |
| 53rd | Uganda | $-126.1M | -417.1% |
| 54th | Mauritius | $-125.3M | -42.9% |
| 55th | Uruguay | $-113.3M | 0.3% |
| 56th | Afghanistan | $-100.0M | -7.1% |
| 57th | Botswana | $-97.2M | -16.9% |
| 58th | Paraguay | $-94.6M | -51.3% |
| 59th | Niger | $-94.0M | 24.9% |
| 60th | Guinea-Bissau | $-90.3M | -29.7% |
| 61st | Rwanda | $-81.7M | -222.5% |
| 62nd | Nepal | $-78.6M | -124.9% |
| 63rd | Côte d'Ivoire | $-72.2M | -118.3% |
| 64th | Papua New Guinea | $-67.8M | -219.6% |
| 65th | Central African Republic | $-63.9M | -38.1% |
| 66th | Malta | $-55.4M | 34.4% |
| 67th | Ghana | $-48.7M | -45.7% |
| 68th | Gambia, The | $-45.0M | -202.5% |
| 69th | Seychelles | $-42.7M | -23.1% |
| 70th | Sierra Leone | $-40.2M | 17.1% |
| 71st | Faroe Islands | $-38.3M | -372.1% |
| 72nd | Honduras | $-29.2M | -32.7% |
| 73rd | Tonga | $-16.2M | -104.1% |
| 74th | Guyana | $-80,000 | 99.9% |
| 75th | Kiribati | $3.9M | -42.3% |
| 76th | Nicaragua | $67.2M | 156.6% |
| 77th | Norway | $68.1M | 101.8% |
| 78th | Iceland | $70.8M | 470.0% |
| 79th | Spain | $78.5M | 102.2% |
| 80th | Peru | $81.8M | 108.5% |
| 81st | Zimbabwe | $88.7M | 72.4% |
| 82nd | Bahamas, The | $126.1M | 7.1% |
| 83rd | New Zealand | $138.0M | 155.7% |
| 84th | Hong Kong SAR, China | $185.8M | -81.9% |
| 85th | Oman | $262.9M | -32.7% |
| 86th | Luxembourg | $348.3M | -9.1% |
| 87th | Gabon | $354.5M | 3,686.9% |
| 88th | Canada | $476.9M | 163.4% |
| 89th | Indonesia | $524.6M | -66.4% |
| 90th | Colombia | $657.8M | -7.9% |
| 91st | Malaysia | $910.2M | -7.7% |
| 92nd | Iran, Islamic Republic of | $978.4M | -28.7% |
| 93rd | Finland | $1.1B | 155.2% |
| 94th | Sweden | $1.4B | 231.3% |
| 95th | Brunei Darussalam | $1.6B | 14.9% |
| 96th | Argentina | $2.6B | 98.2% |
| 97th | South Africa | $3.0B | 54.2% |
| 98th | Netherlands | $3.1B | -17.1% |
| 99th | Kuwait | $4.8B | 17.7% |
| 100th | Switzerland | $5.0B | 32.9% |
| 101st | United Kingdom | $5.5B | 101.4% |
| 102nd | Iraq | $5.9B | 95.1% |
| 103rd | Saudi Arabia | $6.2B | -66.4% |
| 104th | Italy | $6.6B | 169.0% |
| 105th | France | $7.2B | 734.0% |
| 106th | Japan | $16.1B | 51.3% |
FAQ
What was Iceland's trade balance in 1978?▾
Iceland's trade balance in 1978 was $70.8M. This ranked 78th globally.
How did Iceland's trade balance change in 1978?▾
Iceland's trade balance increased by 470.0% in 1978 compared to 1977.
Which country had the highest trade balance in 1978?▾
Japan had the highest trade balance in 1978 at $16.1B.
What is the trade balance of Iceland in 1978?▾
The trade balance of Iceland in 1978 was $70.8M. This ranked 78th globally.
How does 1978 compare to 1977 for Iceland's trade balance?▾
Iceland's trade balance went from $-19.1M in 1977 to $70.8M in 1978, a 470.0% increase.
Related
1977
1979
All years
Full ranking 1978
Exports
Imports
Current Account Balance
FDI Inflows
FDI Outflows
Peak: 2016
Lowest: 2006
Trade Balance 1990s
Trade Balance 2000s
Trade Balance 2010s
Trade Balance 2020s
Highest ever
Lowest ever
Average
vs Cayman Islands
vs Singapore
vs Norway
vs United States
NATO Trade Balance
OECD Trade Balance
Global Ranking