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Iceland - Trade Balance 2008

Name: Iceland Trade Balance 2008
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-377.3M +$1.6B from 2007 Global rank: 95th

Iceland's trade balance was $-377.3M in 2008, increased +$1.6B from $-1.9B in 2007. This was the 95th highest globally.

Global Ranking - 2008▾

Trade Balance by Country - 2008
Rank	Country	Value	YoY
1st	United States	$-740.9B	-0.7%
2nd	Spain	$-77.4B	9.3%
3rd	India	$-62.0B	-24.7%
4th	United Kingdom	$-49.4B	17.7%
5th	Greece	$-40.5B	-16.9%
6th	Poland	$-28.1B	-71.6%
7th	Romania	$-27.6B	-12.1%
8th	Mexico	$-27.0B	-44.4%
9th	Australia	$-26.9B	-91.9%
10th	Portugal	$-25.2B	-38.5%
11th	France	$-22.9B	-97.8%
12th	Türkiye	$-22.6B	9.6%
13th	Pakistan	$-21.4B	-54.4%
14th	Italy	$-17.6B	-134.6%
15th	Ukraine	$-14.4B	-77.0%
16th	Viet Nam	$-13.5B	-28.8%
17th	Morocco	$-13.1B	-77.7%
18th	Serbia	$-11.4B	-25.3%
19th	Bulgaria	$-10.8B	-28.6%
20th	Egypt, Arab Republic of	$-9.1B	-52.5%
21st	Lebanon	$-8.6B	-46.3%
22nd	Colombia	$-7.2B	18.1%
23rd	Croatia	$-6.9B	-40.4%
24th	Bangladesh	$-6.7B	-41.2%
25th	Jordan	$-6.5B	-1.7%
26th	Dominican Republic	$-6.5B	-92.1%
27th	Bosnia and Herzegovina	$-6.2B	-34.0%
28th	Guatemala	$-5.7B	-0.5%
29th	Ghana	$-5.6B	-37.8%
30th	Sri Lanka	$-5.6B	-66.0%
31st	Lithuania	$-5.5B	-6.6%
32nd	El Salvador	$-4.9B	-8.5%
33rd	Belarus	$-4.7B	-65.4%
34th	South Africa	$-4.6B	-15.2%
35th	Honduras	$-4.6B	-32.5%
36th	Latvia	$-4.5B	23.3%
37th	Kenya	$-4.4B	-36.6%
38th	Korea	$-4.2B	-145.8%
39th	Georgia	$-3.8B	-39.9%
40th	Cyprus	$-3.6B	-211.7%
41st	Senegal	$-3.6B	-39.7%
42nd	West Bank and Gaza	$-3.5B	-8.2%
43rd	Albania	$-3.5B	-21.3%
44th	Brazil	$-3.2B	-116.9%
45th	Moldova	$-3.2B	-40.8%
46th	Armenia	$-3.0B	-60.0%
47th	Tanzania	$-2.8B	-53.7%
48th	New Caledonia	$-2.8B	-82.0%
49th	Costa Rica	$-2.7B	-90.3%
50th	Nepal	$-2.6B	-31.9%
51st	North Macedonia	$-2.5B	-67.2%
52nd	Montenegro	$-2.4B	-54.0%
53rd	Tajikistan	$-2.4B	-19.8%
54th	Nicaragua	$-2.4B	-18.5%
55th	Israel	$-2.3B	10.0%
56th	Kosovo	$-2.2B	-
57th	Cuba	$-2.1B	-245.1%
58th	Slovak Republic	$-2.1B	-1,472.0%
59th	Panama	$-2.1B	-101.0%
60th	Madagascar	$-2.0B	-114.5%
61st	Kyrgyz Republic	$-2.0B	-68.8%
62nd	Haiti	$-1.9B	-20.6%
63rd	Philippines	$-1.8B	-147.3%
64th	Guam	$-1.7B	-14.6%
65th	Yemen, Republic of	$-1.5B	5.4%
66th	Uruguay	$-1.5B	-510.0%
67th	Guinea	$-1.5B	3.5%
68th	French Polynesia	$-1.4B	-30.0%
69th	Burkina Faso	$-1.4B	-42.9%
70th	Mali	$-1.4B	-97.9%
71st	Tunisia	$-1.4B	-84.0%
72nd	Mauritius	$-1.3B	-78.7%
73rd	Mozambique	$-1.3B	-29.7%
74th	Zimbabwe	$-1.2B	-157.9%
75th	Slovenia	$-1.2B	-83.8%
76th	Congo, Democratic Republic of	$-1.1B	-238.2%
77th	Uganda	$-1.1B	29.9%
78th	Namibia	$-1.1B	-128.0%
79th	Lesotho	$-976.9M	0.8%
80th	Niger	$-974.2M	-81.4%
81st	Estonia	$-950.4M	51.8%
82nd	Bahamas, The	$-888.6M	-6.9%
83rd	Lao PDR	$-846.4M	-67.2%
84th	Greenland	$-835.1M	-64.5%
85th	Cambodia	$-832.2M	28.1%
86th	Cameroon	$-805.9M	-554.1%
87th	Curaçao	$-787.9M	-24.8%
88th	Rwanda	$-780.0M	-121.9%
89th	Timor-Leste	$-755.9M	-28.0%
90th	Mongolia	$-740.2M	-1,396.2%
91st	Mauritania	$-568.3M	-160.6%
92nd	Botswana	$-548.8M	-135.9%
93rd	Togo	$-533.6M	-13.3%
94th	Cabo Verde	$-436.7M	0.9%
95th	Iceland	$-377.3M	80.6%
96th	Benin	$-342.0M	16.7%
97th	New Zealand	$-334.6M	-301.4%
98th	Eritrea	$-299.5M	1.3%
99th	Zambia	$-289.5M	-246.0%
100th	Faroe Islands	$-287.5M	19.4%
101st	Malta	$-256.2M	-3.7%
102nd	Central African Republic	$-247.8M	-55.9%
103rd	Sierra Leone	$-238.2M	-76.7%
104th	Aruba	$-228.9M	13.2%
105th	Guinea-Bissau	$-205.8M	-13.9%
106th	Comoros	$-181.1M	-49.7%
107th	Micronesia, Federated States of	$-165.0M	-19.6%
108th	Gambia, The	$-158.3M	-50.4%
109th	Tonga	$-140.1M	-7.2%
110th	Solomon Islands	$-138.9M	-2.7%
111th	Seychelles	$-123.2M	-821.2%
112th	American Samoa	$-117.0M	2.5%
113th	Samoa	$-116.5M	18.0%
114th	Bhutan	$-115.4M	-314.8%
115th	Kiribati	$-98.8M	-9.7%
116th	Marshall Islands	$-92.8M	1.1%
117th	Vanuatu	$-75.7M	-109.6%
118th	Hungary	$-71.7M	-219.3%
119th	Palau	$-68.0M	-14.4%
120th	Nauru	$6.3M	-
121st	Northern Mariana Islands	$29.0M	-39.6%
122nd	Côte d'Ivoire	$29.6M	122.9%
123rd	Belize	$38.6M	-56.6%
124th	Suriname	$164.3M	-18.6%
125th	Virgin Islands (US)	$190.0M	-87.1%
126th	Syrian Arab Republic	$471.0M	43.8%
127th	Uzbekistan	$765.1M	-30.4%
128th	Paraguay	$1.0B	-27.1%
129th	Bolivia, Plurinational State of	$1.2B	17.2%
130th	Peru	$1.2B	-83.6%
131st	Chad	$1.5B	15.3%
132nd	Congo, Republic of	$1.6B	256.4%
133rd	Sudan	$2.5B	786.3%
134th	Chile	$3.0B	-87.1%
135th	Belgium	$3.5B	-82.1%
136th	Ecuador	$3.6B	19.6%
137th	Turkmenistan	$3.9B	76.4%
138th	Bahrain	$5.0B	5.7%
139th	South Sudan	$5.1B	-
140th	Czechia	$5.1B	11.1%
141st	Indonesia	$5.4B	-69.2%
142nd	Gabon	$5.5B	38.6%
143rd	Brunei Darussalam	$6.7B	51.8%
144th	Macao SAR, China	$6.9B	38.0%
145th	Thailand	$7.0B	-66.3%
146th	Equatorial Guinea	$9.8B	74.2%
147th	Finland	$10.3B	-16.0%
148th	Denmark	$12.3B	40.1%
149th	Oman	$13.0B	87.0%
150th	Argentina	$13.4B	6.8%
151st	Japan	$17.4B	-78.4%
152nd	Luxembourg	$18.1B	10.9%
153rd	Puerto Rico (US)	$19.0B	29.0%
154th	Austria	$19.1B	11.9%
155th	Iran, Islamic Republic of	$20.0B	-26.7%
156th	Azerbaijan	$20.7B	57.9%
157th	Angola	$21.1B	14.8%
158th	Hong Kong SAR, China	$22.3B	-1.2%
159th	Ireland	$23.8B	6.3%
160th	Iraq	$25.8B	64.0%
161st	Kazakhstan	$26.7B	293.7%
162nd	Sweden	$26.9B	-7.1%
163rd	Canada	$27.4B	-14.2%
164th	United Arab Emirates	$29.1B	41.5%
165th	Algeria	$36.6B	17.2%
166th	Qatar	$38.4B	97.0%
167th	Libya	$39.0B	29.9%
168th	Singapore	$40.0B	-29.3%
169th	Malaysia	$51.5B	34.0%
170th	Switzerland	$53.8B	12.1%
171st	Kuwait	$60.2B	49.6%
172nd	Norway	$82.1B	45.9%
173rd	Netherlands	$86.8B	33.4%
174th	Saudi Arabia	$146.2B	40.5%
175th	Russian Federation	$153.4B	36.9%
176th	Germany	$220.3B	-1.0%
177th	China	$348.8B	13.2%

FAQ

What was Iceland's trade balance in 2008?▾

Iceland's trade balance in 2008 was $-377.3M. This ranked 95th globally.

How did Iceland's trade balance change in 2008?▾

Iceland's trade balance increased by 80.6% in 2008 compared to 2007.

Which country had the highest trade balance in 2008?▾

China had the highest trade balance in 2008 at $348.8B.

What is the trade balance of Iceland in 2008?▾

The trade balance of Iceland in 2008 was $-377.3M. This ranked 95th globally.

How does 2008 compare to 2007 for Iceland's trade balance?▾

Iceland's trade balance went from $-1.9B in 2007 to $-377.3M in 2008, a 80.6% increase.

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