Faeroe Islands Trade Summary

2002 Data

Faeroe Islands exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 542
No. Of products: 121
No. Of partners: 38
Importsmore »
Imports (in US$ Mil): 496
No. Of products: 3,720
No. Of partners: 158

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets126,911.59
Fresh or chilled Pac ...71,561.37
Cod salted or in bri ...44,165.13
Fish fillets, dried, ...31,820.85
Fresh or chilled had ...24,370.13
Imports (US$ Thousands)
Petroleum oils, etc, ...52,437.65
Other preparations o ...29,707.65
Fishing vessels and ...17,181.92
Automobiles with rec ...9,289.46
Other medicaments of ...8,700.61

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom130 24.03
Denmark110 20.23
Spain61 11.26
France43 7.90
Norway39 7.11
Exporter Trade (US$ Mil) Partner share(%)
Denmark156 31.44
Norway93 18.67
Germany38 7.58
Sweden32 6.47
United Kingdom23 4.65

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials390 71.96 33 6.59 ...
Intermediate goods80 14.75 59 11.99 ...
Consumer goods64 11.83 270 54.46 ...
Capital goods8 1.45 124 24.96 ...

Trade Indicators

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HH Market concentration index: 0.21
Index of export market penetration: 1.45
World Growth: 2.05
Country Growth: -1.79

Tariffs

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No Of Tariff Agreement: ...
Maximum Rate (%): ...
Simple Average (%): ...
Weighted Average (%): ...
Duty Free Imports (US$ Thousand): ...
Duty Free Tariff Lines Share (%): ...

Development Indicators

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GDP (current US$ Mil): 1,268
GNI per capita, Atlas method (current US$):
Trade Balance (% of GDP): -1.02
Trade Balance (current US$ Mil): -13.00
Trade in services (% of GDP): 16.03
Trade (% of GDP): 95.27