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Faeroe Islands Trade Summary

2003

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 2003

Overall Exports and Imports for Faeroe Islands 2003

Exports and imports of Faeroe Islands in 2003 are below, along with number of countries and products

  • The total value of exports (FoB) was 599 million.
  • The total value of imports (CIF) was 740 million.
  • At the HS6 digit level, 83 products were exported to 44 countries and 3,721 products were imported from 165 countries.

Faeroe Islands top 5 Export and Import partners 2003

Top five countries to which Faeroe Islands exported in 2003 are below, along with the percent of total exports that went to that country:

  1. Faeroe Islands exports to Denmark worth US$ 140 million, with a partner share of 23.38 percent.
  2. Faeroe Islands exports to United Kingdom worth US$ 132 million, with a partner share of 21.95 percent.
  3. Faeroe Islands exports to Spain worth US$ 71 million, with a partner share of 11.88 percent.
  4. Faeroe Islands exports to France worth US$ 56 million, with a partner share of 9.35 percent.
  5. Faeroe Islands exports to Germany worth US$ 35 million, with a partner share of 5.92 percent.

Top five countries from which Faeroe Islands imported goods in 2003 are below, along with percent of total imports that came from the country :

  1. Faeroe Islands imports from Denmark worth US$ 192 million, with a partner share of 25.94 percent.
  2. Faeroe Islands imports from Norway worth US$ 171 million, with a partner share of 23.17 percent.
  3. Faeroe Islands imports from Germany worth US$ 156 million, with a partner share of 21.10 percent.
  4. Faeroe Islands imports from Sweden worth US$ 33 million, with a partner share of 4.45 percent.
  5. Faeroe Islands imports from United Kingdom worth US$ 26 million, with a partner share of 3.51 percent.

Faeroe Islands Top 5 Productsexports imports at HS 6 digit level 2003

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 121,687.94 (US$ Thousands).
  2. Faeroe Islands exported Fresh or chilled Pacific, Atlantic and Danube s , worth 81,058.48 (US$ Thousands).
  3. Faeroe Islands exported Cod salted or in brine but not dried or smoked , worth 57,693.23 (US$ Thousands).
  4. Faeroe Islands exported Fish fillets, dried, salted or in brine, but no , worth 35,142.03 (US$ Thousands).
  5. Faeroe Islands exported Fresh or chilled haddock , worth 28,111.01 (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 Cruise ships, excursion boats etc principally d , worth 106,155.00 (US$ Thousands).
  2. Faeroe Islands imported Petroleum oils, etc, (excl. crude); preparation , worth 67,363.56 (US$ Thousands).
  3. Faeroe Islands imported Fishing vessels and factory ships , worth 65,358.81 (US$ Thousands).
  4. Faeroe Islands imported Other preparations of a kind used in animal fee , worth 38,973.71 (US$ Thousands).
  5. Faeroe Islands imported Other medicaments of mixed or unmixed products, , worth 11,089.08 (US$ Thousands).

Exports and Imports of Product Groups 2003

Exports and imports of products by stages of processing in 2003 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2003

Tariffs imposed by Faeroe Islands in 2003 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 2003

Key Development Indicators of Faeroe Islands in 2003 are below

  • Faeroe Islands GDP in current US dollar was 1,502 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Faeroe Islands Trade balance: as % of GDP was -14.71.
  • Trade balance in current US$ was -221.00 million.
  • Trade as percentage of GDP was 108.26 .
  • Trade in services as percentage of GDP was 14.94 .

Trade Indicators 2003

Trade Indicators for Faeroe Islands in 2003 are below

  • Hirschman Herfindahl market concentration index was 0.20.
  • Index of export market penetration was 1.42.
  • World Growth in percentage was 7.11 and Faeroe Islands Country Growth was 8.40 .