Iceland Balance Of Trade
Iceland · Monthly series · EC-IS-BOT
Latest, July 2026
-313.17M ISK
+155.73M ISK from June 2026
Forecast
Forecast for July 2027: -314.36M ISK, with an 80% interval of -604.77M ISK to -12.13M ISK.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| August 2026 | -326.03M ISK | -464.79M ISK | -182.21M ISK |
| September 2026 | -299.10M ISK | -631.00M ISK | 47.76M ISK |
| October 2026 | -265.88M ISK | -612.10M ISK | 85.20M 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 ISK | 47.86M ISK |
| February 2027 | -227.33M ISK | -407.15M ISK | -48.50M ISK |
| March 2027 | -248.77M ISK | -598.39M ISK | 111.07M ISK |
| April 2027 | -293.09M ISK | -608.67M ISK | 30.69M ISK |
| May 2027 | -300.95M ISK | -764.24M ISK | 182.09M ISK |
| June 2027 | -336.59M ISK | -595.66M ISK | -65.66M ISK |
| July 2027 | -314.36M ISK | -604.77M ISK | -12.13M ISK |
AI confidence
Supported evidenceThe 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.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-07-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
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.
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.
Recent history (24 observations)
| Period | Value |
|---|---|
| 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 2026 | 112,183.00 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.
More from Agentic Investor
- Open Iceland Balance Of Trade in the app: the interactive chart and a fresh forecast
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Also stored for Iceland
- Iceland Asylum Applications
- Iceland Bankruptcies
- Iceland Banks Balance Sheet
- Iceland CPI Housing Utilities
- Iceland CPI Transportation
- Iceland Capital Flows
- Iceland Car Registrations
- Iceland Central Bank Balance Sheet
- Iceland Changes In Inventories
- Iceland Consumer Confidence Index
- Iceland Consumer Price Index
- Iceland Consumer Spending