Home → Iceland → Trade Balance → 1989

Iceland - Trade Balance 1989

Name: Iceland Trade Balance 1989
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$120.2M +$180.3M from 1988 Global rank: 89th

Iceland's trade balance was $120.2M in 1989, increased +$180.3M from $-60.1M in 1988. This was the 89th highest globally.

Global Ranking - 1989▾

Trade Balance by Country - 1989
Rank	Country	Value	YoY
1st	United States	$-86.7B	20.7%
2nd	United Kingdom	$-31.5B	-14.5%
3rd	Spain	$-17.3B	-119.6%
4th	Iran, Islamic Republic of	$-10.0B	-15.6%
5th	Germany	$-8.9B	-74.6%
6th	Greece	$-6.2B	-35.2%
7th	Egypt, Arab Republic of	$-5.8B	7.4%
8th	Algeria	$-5.5B	-31.0%
9th	Australia	$-5.5B	-252.4%
10th	China	$-4.9B	-21.3%
11th	France	$-4.2B	-10.3%
12th	Saudi Arabia	$-4.1B	-20.6%
13th	Cuba	$-3.7B	-20.8%
14th	Portugal	$-3.6B	19.4%
15th	India	$-3.4B	20.2%
16th	Pakistan	$-2.5B	-17.8%
17th	Finland	$-2.2B	-475.3%
18th	Bangladesh	$-2.1B	-15.0%
19th	Israel	$-2.0B	28.2%
20th	Lebanon	$-2.0B	-
21st	Thailand	$-1.9B	-116.2%
22nd	Türkiye	$-1.7B	-268.9%
23rd	Morocco	$-1.4B	-3,612.7%
24th	Mongolia	$-1.1B	6.7%
25th	Philippines	$-874.8M	-400.3%
26th	Sudan	$-855.6M	-52.2%
27th	Jordan	$-774.5M	41.9%
28th	Austria	$-676.1M	-20.5%
29th	Sri Lanka	$-663.6M	11.6%
30th	Senegal	$-648.7M	4.5%
31st	Viet Nam	$-642.3M	77.2%
32nd	Ecuador	$-631.6M	-4.1%
33rd	Iraq	$-595.8M	69.6%
34th	Kenya	$-587.3M	-34.3%
35th	Dominican Republic	$-543.6M	-323.4%
36th	Uganda	$-535.0M	19.5%
37th	El Salvador	$-457.0M	-68.5%
38th	Guatemala	$-434.6M	5.0%
39th	Papua New Guinea	$-429.1M	-35.3%
40th	Somalia, Fed. Rep.	$-406.5M	-125.5%
41st	Ghana	$-399.2M	-30.6%
42nd	Haiti	$-397.6M	5.9%
43rd	Nepal	$-395.4M	-3.7%
44th	Burkina Faso	$-389.6M	7.7%
45th	Cyprus	$-384.0M	-65.4%
46th	Bulgaria	$-382.1M	-412.7%
47th	Tunisia	$-335.0M	-1,021.0%
48th	Nicaragua	$-330.9M	68.8%
49th	Panama	$-300.7M	-360.8%
50th	Mali	$-287.8M	24.9%
51st	Rwanda	$-268.1M	-1.9%
52nd	Chad	$-252.7M	-13.0%
53rd	Georgia	$-248.1M	31.3%
54th	Malta	$-218.9M	-14.0%
55th	Guinea-Bissau	$-206.7M	-24.8%
56th	Costa Rica	$-203.8M	-147.1%
57th	Italy	$-180.6M	-145.1%
58th	Togo	$-177.5M	23.2%
59th	Benin	$-169.9M	42.6%
60th	Mauritius	$-159.9M	-51.0%
61st	Niger	$-146.0M	-21.1%
62nd	Mexico	$-144.5M	-105.7%
63rd	Lao PDR	$-141.8M	-29.6%
64th	Seychelles	$-128.8M	-2.4%
65th	Solomon Islands	$-119.9M	0.1%
66th	Cabo Verde	$-115.0M	-1.7%
67th	Bahamas, The	$-102.2M	-168.2%
68th	Central African Republic	$-76.0M	17.8%
69th	Albania	$-64.9M	-7.6%
70th	Comoros	$-59.4M	2.3%
71st	Ukraine	$-53.9M	-
72nd	Tonga	$-40.1M	14.6%
73rd	Belize	$-39.3M	-84.4%
74th	Vanuatu	$-36.8M	-0.8%
75th	Honduras	$-35.6M	-53.5%
76th	Madagascar	$-33.4M	68.6%
77th	Bolivia, Plurinational State of	$-31.0M	84.6%
78th	Kiribati	$-29.6M	-9.1%
79th	Gambia, The	$-29.0M	-34.6%
80th	Bhutan	$-27.4M	54.2%
81st	Guyana	$-27.3M	-53.5%
82nd	Syrian Arab Republic	$-3.1M	99.7%
83rd	Faroe Islands	$4.4M	103.5%
84th	Mauritania	$4.6M	108.7%
85th	Peru	$27.6M	105.9%
86th	Guinea	$31.8M	131.7%
87th	Sierra Leone	$58.3M	-61.5%
88th	Namibia	$85.2M	127.1%
89th	Iceland	$120.2M	300.0%
90th	Zimbabwe	$134.5M	-49.1%
91st	Canada	$147.8M	-96.1%
92nd	Gabon	$192.5M	199.2%
93rd	Côte d'Ivoire	$290.6M	9.1%
94th	New Zealand	$317.2M	-82.4%
95th	Cameroon	$323.5M	3,606.0%
96th	Congo, Republic of	$327.3M	7,398.1%
97th	Botswana	$403.6M	-42.6%
98th	Bahrain	$425.5M	-35.6%
99th	Macao SAR, China	$478.3M	25.6%
100th	Uruguay	$489.0M	37.7%
101st	Brunei Darussalam	$794.3M	-70.2%
102nd	Sweden	$901.0M	-72.0%
103rd	Paraguay	$989.8M	98.9%
104th	Luxembourg	$1.3B	46.9%
105th	Chile	$1.3B	-21.6%
106th	Colombia	$1.7B	73.6%
107th	Ireland	$2.1B	-6.1%
108th	Puerto Rico (US)	$2.3B	10.4%
109th	Malaysia	$2.4B	-34.6%
110th	Switzerland	$2.5B	-7.8%
111th	Kuwait	$2.7B	180.3%
112th	Indonesia	$2.9B	22.5%
113th	Norway	$3.3B	483.8%
114th	Singapore	$3.4B	38.4%
115th	Belgium	$3.6B	-7.1%
116th	Korea	$4.1B	-66.2%
117th	Denmark	$4.3B	6.2%
118th	Russian Federation	$4.5B	-
119th	Argentina	$5.0B	17.9%
120th	South Africa	$5.1B	-14.9%
121st	Hong Kong SAR, China	$7.9B	48.0%
122nd	Netherlands	$12.6B	12.2%
123rd	Brazil	$14.3B	-16.4%
124th	Japan	$41.3B	-31.5%

FAQ

What was Iceland's trade balance in 1989?▾

Iceland's trade balance in 1989 was $120.2M. This ranked 89th globally.

How did Iceland's trade balance change in 1989?▾

Iceland's trade balance increased by 300.0% in 1989 compared to 1988.

Which country had the highest trade balance in 1989?▾

Japan had the highest trade balance in 1989 at $41.3B.

What is the trade balance of Iceland in 1989?▾

The trade balance of Iceland in 1989 was $120.2M. This ranked 89th globally.

How does 1989 compare to 1988 for Iceland's trade balance?▾

Iceland's trade balance went from $-60.1M in 1988 to $120.2M in 1989, a 300.0% increase.

HistorySaid - pattern alert

Iceland matched the Orthodox Tightening Cycle pattern in 1989. Historically: 311 occurrences, 177 successful (57%). Outcome 24 months later: 6.8%. View full analysis →

← 1988

View all years

1990 →