Faeroe Islands Trade Summary

2005 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): 602
No. Of products: 107
No. Of partners: 46
Importsmore »
Imports (in US$ Mil): 747
No. Of products: 3,652
No. Of partners: 156

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets132,566.71
Cod salted or in bri ...37,917.14
Flours, meals and pe ...35,427.43
Fresh or chilled fis ...35,114.95
Fresh or chilled Pac ...34,281.14
Imports (US$ Thousands)
Petroleum oils, etc, ...118,924.65
Fishing vessels and ...73,234.83
Cruise ships, excurs ...47,268.29
Other medicaments of ...13,443.09
Automobiles with rec ...12,101.51

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom171 28.41
Denmark88 14.64
Spain58 9.65
France49 8.16
Norway36 5.94
Exporter Trade (US$ Mil) Partner share(%)
Denmark199 26.71
Norway130 17.38
United States64 8.59
Spain50 6.67
Germany50 6.64

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials392 65.12 41 5.50 ...
Intermediate goods102 16.98 77 10.37 ...
Consumer goods75 12.49 380 50.88 ...
Capital goods33 5.41 237 31.69 ...

Trade Indicators

more »
HH Market concentration index: 0.21
Index of export market penetration: 1.48
World Growth: 6.13
Country Growth: -4.65

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): 1,731
GNI per capita, Atlas method (current US$):
Trade Balance (% of GDP): -9.99
Trade Balance (current US$ Mil): -173.00
Trade in services (% of GDP): 20.93
Trade (% of GDP): 95.00