 This is not the case in the opposite direction, so the trade balance is systematically unfavorable to Spain, with a coverage rate that barely reaches 31%.As for tourism, some 40,000 Icelanders visit Spain annually, which was drastically halted due to the crisis and depreciation
of the Icelandic crown, decreasing the number of Icelandic tourists to 24,437 in 2012.From that year the growth has recovered, and Icelandic tourists to Spain have been 14,016 in 2013 and 54,014 in 2014.