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Faeroe Islands Trade Summary

2006

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 2006

Overall Exports and Imports for Faeroe Islands 2006

Exports and imports of Faeroe Islands in 2006 are below, along with number of countries and products

  • The total value of exports (FoB) was 631 million.
  • The total value of imports (CIF) was 783 million.
  • At the HS6 digit level, 319 products were exported to 53 countries and 3,652 products were imported from 167 countries.

Faeroe Islands top 5 Export and Import partners 2006

Top five countries to which Faeroe Islands exported in 2006 are below, along with the percent of total exports that went to that country:

  1. Faeroe Islands exports to United Kingdom worth US$ 172 million, with a partner share of 27.24 percent.
  2. Faeroe Islands exports to Denmark worth US$ 77 million, with a partner share of 12.22 percent.
  3. Faeroe Islands exports to Norway worth US$ 65 million, with a partner share of 10.28 percent.
  4. Faeroe Islands exports to France worth US$ 65 million, with a partner share of 10.24 percent.
  5. Faeroe Islands exports to Spain worth US$ 53 million, with a partner share of 8.41 percent.

Top five countries from which Faeroe Islands imported goods in 2006 are below, along with percent of total imports that came from the country :

  1. Faeroe Islands imports from Denmark worth US$ 235 million, with a partner share of 30.06 percent.
  2. Faeroe Islands imports from Norway worth US$ 159 million, with a partner share of 20.28 percent.
  3. Faeroe Islands imports from Germany worth US$ 60 million, with a partner share of 7.61 percent.
  4. Faeroe Islands imports from Sweden worth US$ 48 million, with a partner share of 6.07 percent.
  5. Faeroe Islands imports from United Kingdom worth US$ 32 million, with a partner share of 4.08 percent.

Faeroe Islands Top 5 Productsexports imports at HS 6 digit level 2006

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 152,669.49 (US$ Thousands).
  2. Faeroe Islands exported Frozen fish meat (excl. fillets) , worth 43,099.06 (US$ Thousands).
  3. Faeroe Islands exported Flours, meals and pellets of fish, etc, unfit f , worth 42,251.32 (US$ Thousands).
  4. Faeroe Islands exported Fresh or chilled fish, nes , worth 40,188.83 (US$ Thousands).
  5. Faeroe Islands exported Fish fillets, dried, salted or in brine, but no , worth 35,293.85 (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 144,589.77 (US$ Thousands).
  2. Faeroe Islands imported Fishing vessels and factory ships , worth 20,947.00 (US$ Thousands).
  3. Faeroe Islands imported Automobiles with reciprocating piston engine di , worth 19,490.72 (US$ Thousands).
  4. Faeroe Islands imported Other medicaments of mixed or unmixed products, , worth 15,219.30 (US$ Thousands).
  5. Faeroe Islands imported Products of fish, etc; dead animals of Chapter , worth 11,551.21 (US$ Thousands).

Exports and Imports of Product Groups 2006

Exports and imports of products by stages of processing in 2006 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2006

Tariffs imposed by Faeroe Islands in 2006 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 2006

Key Development Indicators of Faeroe Islands in 2006 are below

  • Faeroe Islands GDP in current US dollar was 2,018 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Faeroe Islands Trade balance: as % of GDP was -13.80.
  • Trade balance in current US$ was -278.00 million.
  • Trade as percentage of GDP was 97.39 .
  • Trade in services as percentage of GDP was 22.23 .

Trade Indicators 2006

Trade Indicators for Faeroe Islands in 2006 are below

  • Hirschman Herfindahl market concentration index was 0.14.
  • Index of export market penetration was 1.47.
  • World Growth in percentage was 7.66 and Faeroe Islands Country Growth was 11.35 .