After two exceptional years marked by a surplus for France, in 2008, trade between France and Iceland showed a trade deficit for France again, due in part to a significant decrease in our exports of manufactured goods. In addition, in a context of serious financial crisis, our total trade volume with this country showed a drop of more than 16% in 2008 compared with 2007. At the present time, France is Iceland’s ninth-leading customer and its 13th supplier.
Under the impact of the very serious economic and financial crisis, that caused Iceland’s currency to depreciate 40%, the drop in trade volume between France and Iceland observed at the end of 2008 became more marked in 2009 and was confirmed in 2010.
Updated on 24.05.11