Faeroe Islands Trade Summary

2004 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): 620
No. Of products: 91
No. Of partners: 51
Importsmore »
Imports (in US$ Mil): 629
No. Of products: 3,692
No. Of partners: 160

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets124,248.90
Fresh or chilled Pac ...70,980.76
Cod salted or in bri ...52,603.12
Flours, meals and pe ...43,357.67
Fish fillets, dried, ...33,259.31
Imports (US$ Thousands)
Petroleum oils, etc, ...88,251.09
Fishing vessels and ...27,293.85
Other preparations o ...26,930.36
Other medicaments of ...12,898.58
Automobiles with rec ...11,485.00

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom158 25.40
Denmark122 19.60
Spain62 9.97
France51 8.24
Norway50 8.04
Exporter Trade (US$ Mil) Partner share(%)
Denmark207 32.90
Norway115 18.32
Germany47 7.54
Sweden44 6.93
United Kingdom33 5.26

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials402 64.77 43 6.83 ...
Intermediate goods117 18.87 70 11.13 ...
Consumer goods69 11.20 359 57.17 ...
Capital goods32 5.17 143 22.83 ...

Trade Indicators

more »
HH Market concentration index: 0.19
Index of export market penetration: 1.49
World Growth: 10.49
Country Growth: 3.28

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$): 1,684
GNI per capita, Atlas method (current US$):
Trade Balance (% of GDP): -3.84
Trade Balance (current US$ Mil): -65.00
Trade in services (% of GDP): 14.69
Trade (% of GDP): 87.57