Iceland Balance Of Trade

Iceland · Monthly series · EC-IS-BOT

Latest, July 2026

-313.17M ISK

+155.73M ISK from June 2026

Open interactive chartIceland Balance Of Trade in the app

182.1M-291.1M-764.2MAugust 2016July 2027
History through July 2026, the forecast path to July 2027 (dashed) and its 80% interval (shaded).

Forecast

Forecast for July 2027: -314.36M ISK, with an 80% interval of -604.77M ISK to -12.13M ISK.

Forecast path. Intervals are shown where available.
PeriodForecast80% low80% high
August 2026-326.03M ISK-464.79M ISK-182.21M ISK
September 2026-299.10M ISK-631.00M ISK47.76M ISK
October 2026-265.88M ISK-612.10M ISK85.20M ISK
November 2026-245.24M ISK-392.93M ISK-96.21M ISK
December 2026-252.95M ISK-380.18M ISK-121.13M ISK
January 2027-161.94M ISK-403.02M ISK47.86M ISK
February 2027-227.33M ISK-407.15M ISK-48.50M ISK
March 2027-248.77M ISK-598.39M ISK111.07M ISK
April 2027-293.09M ISK-608.67M ISK30.69M ISK
May 2027-300.95M ISK-764.24M ISK182.09M ISK
June 2027-336.59M ISK-595.66M ISK-65.66M ISK
July 2027-314.36M ISK-604.77M ISK-12.13M ISK

Model: Agentic Investor TSFM (foundation model). Forecast generated 2026-11-15.

AI confidence

Supported evidence

The point forecast beat the no-change baseline overall and in a majority of the evaluated tests.

Model: Agentic Investor TSFM (foundation model)

Accuracy vs naive
+14%Beats the no-change baseline over 12 tests (12 tests, 8 won)
Direction
67%No clear edge over a coin flip (96 of 144 calls right in 12 tests)
Turning points
61 of 89Anticipated most turns (89 turns in 12 tests, 0 without a turn)
Error vs baseline
14% lowerError ratio 0.86; 1.00 is a tie.
Tests won
8 / 12Complete rolling backtests; ties count as no win.
Test period
2014-08-01 to 2026-07-0112 observations ahead per test.
80% band coverage
78%Observed outcomes inside the band across all stored test windows.
How this assessment is made

AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.

Replay past tests

Model comparison

Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.

Reading

It is above 16% of the 119 earlier readings since August 2016.

Written from the figures by a fixed template; no AI model is involved.

Recent history (24 observations)
The 24 most recent observations, newest first.
PeriodValue
July 2026-313.17M ISK
June 2026-468.90M ISK
May 2026-463.31M ISK
April 2026-536.52M ISK
March 2026-283.35M ISK
February 2026-75.35M ISK
January 2026112,183.00 ISK
December 2025-318.57M ISK
November 2025-255.22M ISK
October 2025-196.21M ISK
September 2025-369.31M ISK
August 2025-273.10M ISK
July 2025-361.13M ISK
June 2025-298.82M ISK
May 2025-489.04M ISK
April 2025-417.28M ISK
March 2025-313.65M ISK
February 2025-423.13M ISK
January 2025-55.25M ISK
December 2024-316.33M ISK
November 2024-258.11M ISK
October 2024-340.39M ISK
September 2024-165.64M ISK
August 2024-258.33M ISK

Source

Data: public market data feeds.

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