Faeroe Islands Trade Summary

2006 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): 631
No. Of products: 319
No. Of partners: 53
Importsmore »
Imports (in US$ Mil): 783
No. Of products: 3,652
No. Of partners: 167

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets152,669.49
Frozen fish meat (ex ...43,099.06
Flours, meals and pe ...42,251.32
Fresh or chilled fis ...40,188.83
Fish fillets, dried, ...35,293.85
Imports (US$ Thousands)
Petroleum oils, etc, ...144,589.77
Fishing vessels and ...20,947.00
Automobiles with rec ...19,490.72
Other medicaments of ...15,219.30
Products of fish, et ...11,551.21

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom172 27.24
Denmark77 12.22
Norway65 10.28
France65 10.24
Spain53 8.41
Exporter Trade (US$ Mil) Partner share(%)
Denmark235 30.06
Norway159 20.28
Germany60 7.61
Sweden48 6.07
United Kingdom32 4.08

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials414 65.61 47 6.03 ...
Intermediate goods105 16.61 89 11.38 ...
Consumer goods96 15.22 468 59.74 ...
Capital goods16 2.56 168 21.45 ...

Trade Indicators

more »
HH Market concentration index: 0.14
Index of export market penetration: 1.47
World Growth: 7.53
Country Growth: 11.27

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$): 1,970
GNI per capita, Atlas method (current US$):
Trade Balance (% of GDP): -10.17
Trade Balance (current US$ Mil): -200.00
Trade in services (% of GDP): 22.77
Trade (% of GDP): 93.94