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Faeroe Islands Trade Summary

1999

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 1999

Overall Exports and Imports for Faeroe Islands 1999

Exports and imports of Faeroe Islands in 1999 are below, along with number of countries and products

  • The total value of exports (FoB) was 478 million.
  • The total value of imports (CIF) was 477 million.
  • At the HS6 digit level, 143 products were exported to 29 countries and 3,700 products were imported from 116 countries.

Faeroe Islands top 5 Export and Import partners 1999

Top five countries to which Faeroe Islands exported in 1999 are below, along with the percent of total exports that went to that country:

  1. Faeroe Islands exports to Denmark worth US$ 154 million, with a partner share of 32.18 percent.
  2. Faeroe Islands exports to United Kingdom worth US$ 101 million, with a partner share of 21.05 percent.
  3. Faeroe Islands exports to France worth US$ 45 million, with a partner share of 9.34 percent.
  4. Faeroe Islands exports to Germany worth US$ 32 million, with a partner share of 6.76 percent.
  5. Faeroe Islands exports to Spain worth US$ 32 million, with a partner share of 6.70 percent.

Top five countries from which Faeroe Islands imported goods in 1999 are below, along with percent of total imports that came from the country :

  1. Faeroe Islands imports from Denmark worth US$ 133 million, with a partner share of 27.78 percent.
  2. Faeroe Islands imports from Norway worth US$ 125 million, with a partner share of 26.13 percent.
  3. Faeroe Islands imports from Germany worth US$ 34 million, with a partner share of 7.14 percent.
  4. Faeroe Islands imports from United Kingdom worth US$ 28 million, with a partner share of 5.91 percent.
  5. Faeroe Islands imports from Sweden worth US$ 22 million, with a partner share of 4.51 percent.

Faeroe Islands Top 5 Productsexports imports at HS 6 digit level 1999

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 US$ 127,156.43 million.
  2. Faeroe Islands exported Fresh or chilled Pacific, Atlantic and Danube s , worth US$ 83,902.10 million.
  3. Faeroe Islands exported Fish fillets, dried, salted or in brine, but no , worth US$ 30,850.14 million.
  4. Faeroe Islands exported Cod salted or in brine but not dried or smoked , worth US$ 29,645.26 million.
  5. Faeroe Islands exported Frozen shrimps and prawns , worth US$ 21,515.06 million.

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

  1. Faeroe Islands imported Fishing vessels and factory ships , worth US$ 59,981.85 million.
  2. Faeroe Islands imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 38,390.57 million.
  3. Faeroe Islands imported Other preparations of a kind used in animal fee , worth US$ 33,900.82 million.
  4. Faeroe Islands imported Frozen cod (excl. livers and roes) , worth US$ 10,131.84 million.
  5. Faeroe Islands imported Automobiles with reciprocating piston engine di , worth US$ 8,378.93 million.

Exports and Imports of Product Groups 1999

Exports and imports of products by stages of processing in 1999 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1999

Tariffs imposed by Faeroe Islands in 1999 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 1999

Key Development Indicators of Faeroe Islands in 1999 are below

  • Faeroe Islands GDP in current US dollar was 1,120 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Faeroe Islands Trade balance: as % of GDP was -3.08.
  • Trade balance in current US$ was -34.00 million.
  • Trade as percentage of GDP was 96.83 .
  • Trade in services as percentage of GDP was 13.42 .

Trade Indicators 1999

Trade Indicators for Faeroe Islands in 1999 are below

  • Hirschman Herfindahl market concentration index was 0.24.
  • Index of export market penetration was 1.59.
  • World Growth in percentage was 2.52 and Faeroe Islands Country Growth was -1.26 .