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Iceland - Trade Balance 1988

Name: Iceland Trade Balance 1988
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-60.1M +$2.6M from 1987 Global rank: 70th

Iceland's trade balance was $-60.1M in 1988, increased +$2.6M from $-62.7M in 1987. This was the 70th highest globally.

Global Ranking - 1988▾

Trade Balance by Country - 1988
Rank	Country	Value	YoY
1st	United States	$-109.4B	24.4%
2nd	United Kingdom	$-27.5B	-460.2%
3rd	Iran, Islamic Republic of	$-8.6B	-1,597.9%
4th	Spain	$-7.9B	-189.7%
5th	Egypt, Arab Republic of	$-6.2B	-52.9%
6th	Germany	$-5.1B	-15.3%
7th	Greece	$-4.6B	-37.4%
8th	Portugal	$-4.5B	-89.2%
9th	India	$-4.2B	-9.7%
10th	Algeria	$-4.2B	-51.7%
11th	China	$-4.1B	-1,495.5%
12th	France	$-3.8B	45.4%
13th	Saudi Arabia	$-3.4B	36.3%
14th	Cuba	$-3.0B	-9.6%
15th	Viet Nam	$-2.8B	12.8%
16th	Israel	$-2.8B	19.9%
17th	Pakistan	$-2.1B	-21.7%
18th	Iraq	$-2.0B	-18.8%
19th	Bangladesh	$-1.8B	-11.2%
20th	Australia	$-1.6B	48.5%
21st	Jordan	$-1.3B	19.9%
22nd	Mongolia	$-1.2B	3.9%
23rd	Nicaragua	$-1.1B	-1,283.3%
24th	Syrian Arab Republic	$-975.4M	35.3%
25th	Norway	$-862.1M	62.2%
26th	Thailand	$-856.9M	-402.8%
27th	Sri Lanka	$-750.9M	-7.0%
28th	Senegal	$-679.2M	2.5%
29th	Uganda	$-664.2M	-8.1%
30th	Ecuador	$-607.0M	37.8%
31st	Sudan	$-562.2M	17.3%
32nd	Austria	$-561.0M	-993.5%
33rd	Peru	$-466.7M	37.4%
34th	Guatemala	$-457.4M	-0.2%
35th	Kenya	$-437.2M	-7.7%
36th	Haiti	$-422.8M	-
37th	Burkina Faso	$-422.0M	-6.5%
38th	Mali	$-383.1M	-18.2%
39th	Nepal	$-381.3M	-41.8%
40th	Finland	$-378.1M	-179.6%
41st	Georgia	$-361.2M	-801.4%
42nd	Papua New Guinea	$-317.1M	-55.0%
43rd	Ghana	$-305.6M	7.7%
44th	Benin	$-296.2M	-20.9%
45th	El Salvador	$-271.3M	3.6%
46th	Rwanda	$-263.1M	-4.3%
47th	Cyprus	$-232.2M	-110.1%
48th	Togo	$-231.1M	-39.7%
49th	Chad	$-223.7M	8.4%
50th	Bolivia, Plurinational State of	$-201.0M	-6.0%
51st	Gabon	$-194.1M	-134.2%
52nd	Malta	$-192.0M	-23.4%
53rd	Somalia, Fed. Rep.	$-180.3M	27.2%
54th	Guinea-Bissau	$-165.6M	-32.8%
55th	Dominican Republic	$-128.4M	68.5%
56th	Seychelles	$-125.8M	-39.8%
57th	Faroe Islands	$-125.4M	-4.8%
58th	Niger	$-120.6M	-23.3%
59th	Solomon Islands	$-120.0M	-78.1%
60th	Cabo Verde	$-113.1M	-0.9%
61st	Lao PDR	$-109.4M	-26.9%
62nd	Madagascar	$-106.1M	-78.6%
63rd	Mauritius	$-105.9M	-373.8%
64th	Guinea	$-100.2M	-629.0%
65th	Central African Republic	$-92.5M	28.1%
66th	Costa Rica	$-82.5M	56.0%
67th	Bulgaria	$-74.5M	85.6%
68th	Comoros	$-60.8M	-7.4%
69th	Albania	$-60.3M	-2,805.5%
70th	Iceland	$-60.1M	4.1%
71st	Bhutan	$-59.7M	-62.3%
72nd	Mauritania	$-52.1M	45.2%
73rd	Tonga	$-46.9M	-70.7%
74th	Morocco	$-37.1M	96.4%
75th	Vanuatu	$-36.5M	1.9%
76th	Kiribati	$-27.1M	-0.1%
77th	Honduras	$-23.2M	57.4%
78th	Gambia, The	$-21.6M	0.9%
79th	Belize	$-21.3M	-128.8%
80th	Guyana	$-17.8M	55.2%
81st	Congo, Republic of	$4.4M	-93.9%
82nd	Cameroon	$8.7M	101.7%
83rd	Tunisia	$36.4M	137.9%
84th	Namibia	$37.5M	133.2%
85th	Panama	$115.3M	143.7%
86th	Sierra Leone	$151.2M	161.1%
87th	Zimbabwe	$264.3M	43.0%
88th	Côte d'Ivoire	$266.4M	-30.7%
89th	Philippines	$291.3M	381.0%
90th	Uruguay	$355.0M	97.2%
91st	Macao SAR, China	$380.9M	5.1%
92nd	Italy	$400.1M	-87.8%
93rd	Paraguay	$497.6M	4,665.5%
94th	Bahrain	$660.6M	30.1%
95th	Botswana	$703.2M	34.1%
96th	Oman	$725.6M	-53.1%
97th	Luxembourg	$862.1M	37.9%
98th	Colombia	$952.7M	-35.1%
99th	Kuwait	$956.9M	-72.3%
100th	Türkiye	$1.0B	152.7%
101st	Chile	$1.7B	204.6%
102nd	New Zealand	$1.8B	99.1%
103rd	Puerto Rico (US)	$2.1B	55.7%
104th	Ireland	$2.3B	60.7%
105th	Indonesia	$2.4B	44.1%
106th	Singapore	$2.4B	290.7%
107th	Mexico	$2.5B	-70.3%
108th	Switzerland	$2.7B	5.3%
109th	Sweden	$3.2B	-1.1%
110th	Malaysia	$3.6B	-19.3%
111th	Canada	$3.8B	-23.7%
112th	Belgium	$3.9B	43.1%
113th	Denmark	$4.0B	78.7%
114th	Argentina	$4.2B	1,201.6%
115th	Hong Kong SAR, China	$5.3B	1.1%
116th	South Africa	$6.0B	-29.7%
117th	Netherlands	$11.2B	14.8%
118th	Korea	$12.2B	28.1%
119th	Brazil	$17.1B	78.4%
120th	Japan	$60.3B	-14.0%

FAQ

What was Iceland's trade balance in 1988?▾

Iceland's trade balance in 1988 was $-60.1M. This ranked 70th globally.

How did Iceland's trade balance change in 1988?▾

Iceland's trade balance increased by 4.1% in 1988 compared to 1987.

Which country had the highest trade balance in 1988?▾

Japan had the highest trade balance in 1988 at $60.3B.

What is the trade balance of Iceland in 1988?▾

The trade balance of Iceland in 1988 was $-60.1M. This ranked 70th globally.

How does 1988 compare to 1987 for Iceland's trade balance?▾

Iceland's trade balance went from $-62.7M in 1987 to $-60.1M in 1988, a 4.1% increase.

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