RTTNews - Tuesday, the Statistics Iceland announced that the trade surplus stood at ISK 24.2 billion in the January to May period, up from ISK 41.5 billion deficit in a year ago.

Exports decreased 30.4% annually to ISK 171.09 billion in the January to May period, while imports dropped 48.8% to ISK 146.89 billion.

In May, the trade surplus amounted to ISK 7.39 billion, widening from ISK 3.71 billion deficit last year.

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