atural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

0 cu m (1 January 2006 est.)

Current account balance:

-$3.189 billion (2007 est.)

Exports:

$4.793 billion f.o.b. (2007 est.)

Exports - commodities:

fish and fish products 70%, aluminum, animal products, ferrosilicon,
diatomite

Exports - partners:

Netherlands 21.3%, Germany 13.3%, UK 13.2%, Ireland 7.7%, US 7.3%,
Spain 4.6%, Japan 4.3% (2007)

Imports:

$6.181 billion (2007 est.)

Imports - commodities:

machinery and equipment, petroleum products, foodstuffs, textiles

Imports - partners:

US 13.7%, Germany 12.2%, Sweden 10.2%, Denmark 7.5%, Netherlands
5.7%, UK 5.4%, China 5.1%, Norway 4.6% (2007)

Economic aid - donor:

$6.7 million (2004)

Reserves of foreign exchange and gold:

$2.436 billion (31 December 2007 est.)

Debt - external:

$3.073 billion (2002)

Stock of direct foreign investment - at home:

$NA

Stock of direct foreign investment - abroad:

$NA

Market value of publicly traded shares:

$27.8 billion (2005)

Currency (code):

Icelandic krona (ISK)

Currency code:

ISK

Exchange rates:

Icelandic kronur (ISK) per US dollar - 63.391 (2007), 70.195 (2006),
62.982 (2005), 70.192 (2004), 76.709 (2003)

Communications
Iceland

Telephones - main lines in use:

186,700 (2007)

Telephones - mobile cellular:

347,500 (2007)

Telephone system:

general assessment: telecommunications infrastructure is modern and
fully digitized, with satellite-earth stations, fiber-optic cables,
and an extensive broadband network
domestic: liberalization of the telecommunications sector beginning
in the late 1990s has led to increased competition especially in the
mobile services segment of the market
international: country code - 354; the CANTAT-3 and FARICE-1
submarine cable systems provide connectivity to Canada, the Faroe
Islands, UK, Denmark, and Germany; a planned new section of the
Hibernia-Atlantic submarine cable will provide additional
connectivity to Canada, US, and Ireland; satellite earth stations -
2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean
regions); note - Iceland shares the Inmarsat earth station with the
other Nordic countries (Denmark, Finland, Norway, and Sweden)

Radio broadcast stations:

AM 3, FM about 70 (including repeaters), shortwave 1 (199