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Faeroe Islands Trade Summary

1997

Faeroe Islands exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR FAEROE ISLANDS 1997

Overall Exports and Imports for Faeroe Islands 1997

Exports and imports of Faeroe Islands in 1997 are below, along with number of countries and products

  • The total value of exports (FoB) was 384 million.
  • The total value of imports (CIF) was 350 million.
  • At the HS6 digit level, 138 products were exported to 34 countries and 3,671 products were imported from 107 countries.

Faeroe Islands top 5 Export and Import partners 1997

Top five countries to which Faeroe Islands exported in 1997 are below, along with the percent of total exports that went to that country:

  1. Faeroe Islands exports to Denmark worth US$ 116 million, with a partner share of 30.20 percent.
  2. Faeroe Islands exports to United Kingdom worth US$ 101 million, with a partner share of 26.35 percent.
  3. Faeroe Islands exports to Germany worth US$ 31 million, with a partner share of 7.99 percent.
  4. Faeroe Islands exports to France worth US$ 26 million, with a partner share of 6.79 percent.
  5. Faeroe Islands exports to Norway worth US$ 25 million, with a partner share of 6.59 percent.

Top five countries from which Faeroe Islands imported goods in 1997 are below, along with percent of total imports that came from the country :

  1. Faeroe Islands imports from Denmark worth US$ 107 million, with a partner share of 30.49 percent.
  2. Faeroe Islands imports from Norway worth US$ 65 million, with a partner share of 18.57 percent.
  3. Faeroe Islands imports from Germany worth US$ 28 million, with a partner share of 8.03 percent.
  4. Faeroe Islands imports from Iceland worth US$ 26 million, with a partner share of 7.30 percent.
  5. Faeroe Islands imports from United Kingdom worth US$ 23 million, with a partner share of 6.50 percent.

Faeroe Islands Top 5 Productsexports imports at HS 6 digit level 1997

The top five exported HS 6 digit level products to world by Faeroe Islands along with trade value are:

  1. Faeroe Islands exported Frozen fish fillets , worth 84,645.06 (US$ Thousands).
  2. Faeroe Islands exported Fresh or chilled Pacific, Atlantic and Danube s , worth 46,991.98 (US$ Thousands).
  3. Faeroe Islands exported Fish fillets, dried, salted or in brine, but no , worth 24,666.54 (US$ Thousands).
  4. Faeroe Islands exported Frozen shrimps and prawns , worth 20,711.52 (US$ Thousands).
  5. Faeroe Islands exported Fresh or chilled fish fillets , worth 16,794.67 (US$ Thousands).

The top five imported HS 6 digit level products from world by Faeroe Islands along with trade value are

  1. Faeroe Islands imported Petroleum oils, etc, (excl. crude); preparation , worth 37,534.90 (US$ Thousands).
  2. Faeroe Islands imported Other preparations of a kind used in animal fee , worth 25,554.79 (US$ Thousands).
  3. Faeroe Islands imported Fishing vessels and factory ships , worth 17,028.39 (US$ Thousands).
  4. Faeroe Islands imported Products of fish, etc; dead animals of Chapter , worth 6,308.82 (US$ Thousands).
  5. Faeroe Islands imported Other medicaments of mixed or unmixed products, , worth 5,207.92 (US$ Thousands).

Exports and Imports of Product Groups 1997

Exports and imports of products by stages of processing in 1997 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1997

Tariffs imposed by Faeroe Islands in 1997 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 1997

Key Development Indicators of Faeroe Islands in 1997 are below

  • Faeroe Islands GDP in current US dollar was not available.
  • GNI per capita, Atlas method (current US$) was not available .
  • Faeroe Islands Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was not available .

Trade Indicators 1997

Trade Indicators for Faeroe Islands in 1997 are below

  • Hirschman Herfindahl market concentration index was 0.26.
  • Index of export market penetration was 1.67.
  • World Growth in percentage was 3.05 and Faeroe Islands Country Growth was -0.06 .