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Faeroe Islands Trade Summary

2004

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 2004

Overall Exports and Imports for Faeroe Islands 2004

Exports and imports of Faeroe Islands in 2004 are below, along with number of countries and products

  • The total value of exports (FoB) was 620 million.
  • The total value of imports (CIF) was 629 million.
  • At the HS6 digit level, 91 products were exported to 51 countries and 3,692 products were imported from 160 countries.

Faeroe Islands top 5 Export and Import partners 2004

Top five countries to which Faeroe Islands exported in 2004 are below, along with the percent of total exports that went to that country:

  1. Faeroe Islands exports to United Kingdom worth US$ 158 million, with a partner share of 25.40 percent.
  2. Faeroe Islands exports to Denmark worth US$ 122 million, with a partner share of 19.60 percent.
  3. Faeroe Islands exports to Spain worth US$ 62 million, with a partner share of 9.97 percent.
  4. Faeroe Islands exports to France worth US$ 51 million, with a partner share of 8.24 percent.
  5. Faeroe Islands exports to Norway worth US$ 50 million, with a partner share of 8.04 percent.

Top five countries from which Faeroe Islands imported goods in 2004 are below, along with percent of total imports that came from the country :

  1. Faeroe Islands imports from Denmark worth US$ 207 million, with a partner share of 32.90 percent.
  2. Faeroe Islands imports from Norway worth US$ 115 million, with a partner share of 18.32 percent.
  3. Faeroe Islands imports from Germany worth US$ 47 million, with a partner share of 7.54 percent.
  4. Faeroe Islands imports from Sweden worth US$ 44 million, with a partner share of 6.93 percent.
  5. Faeroe Islands imports from United Kingdom worth US$ 33 million, with a partner share of 5.26 percent.

Faeroe Islands Top 5 Productsexports imports at HS 6 digit level 2004

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 124,248.90 (US$ Thousands).
  2. Faeroe Islands exported Fresh or chilled Pacific, Atlantic and Danube s , worth 70,980.76 (US$ Thousands).
  3. Faeroe Islands exported Cod salted or in brine but not dried or smoked , worth 52,603.12 (US$ Thousands).
  4. Faeroe Islands exported Flours, meals and pellets of fish, etc, unfit f , worth 43,357.67 (US$ Thousands).
  5. Faeroe Islands exported Fish fillets, dried, salted or in brine, but no , worth 33,259.31 (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 88,251.09 (US$ Thousands).
  2. Faeroe Islands imported Fishing vessels and factory ships , worth 27,293.85 (US$ Thousands).
  3. Faeroe Islands imported Other preparations of a kind used in animal fee , worth 26,930.36 (US$ Thousands).
  4. Faeroe Islands imported Other medicaments of mixed or unmixed products, , worth 12,898.58 (US$ Thousands).
  5. Faeroe Islands imported Automobiles with reciprocating piston engine di , worth 11,485.00 (US$ Thousands).

Exports and Imports of Product Groups 2004

Exports and imports of products by stages of processing in 2004 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2004

Tariffs imposed by Faeroe Islands in 2004 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 2004

Key Development Indicators of Faeroe Islands in 2004 are below

  • Faeroe Islands GDP in current US dollar was 1,725 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Faeroe Islands Trade balance: as % of GDP was -6.01.
  • Trade balance in current US$ was -104.00 million.
  • Trade as percentage of GDP was 93.41 .
  • Trade in services as percentage of GDP was 14.34 .

Trade Indicators 2004

Trade Indicators for Faeroe Islands in 2004 are below

  • Hirschman Herfindahl market concentration index was 0.19.
  • Index of export market penetration was 1.48.
  • World Growth in percentage was 10.40 and Faeroe Islands Country Growth was 2.94 .