Faeroe Islands Trade Summary

2007 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): 746
No. Of products: 289
No. Of partners: 56
Importsmore »
Imports (in US$ Mil): 1,016
No. Of products: 3,520
No. Of partners: 170

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets159,454.78
Flours, meals and pe ...51,553.51
Fresh or chilled Pac ...46,832.12
Fish fillets, dried, ...39,087.14
Fresh or chilled fis ...37,745.13
Imports (US$ Thousands)
Petroleum oils, etc, ...158,723.23
Fishing vessels and ...71,700.15
Automobiles with rec ...22,340.90
Other medicaments of ...17,450.55
Other preparations o ...15,986.80

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom178 23.90
Norway102 13.63
Denmark96 12.84
Spain63 8.49
France55 7.38
Exporter Trade (US$ Mil) Partner share(%)
Denmark293 28.87
Norway181 17.86
Germany77 7.61
Sweden64 6.35
United Kingdom54 5.33

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials516 69.15 51 4.99 ...
Intermediate goods114 15.28 117 11.48 ...
Consumer goods95 12.71 551 54.22 ...
Capital goods21 2.87 287 28.24 ...

Trade Indicators

more »
HH Market concentration index: 0.13
Index of export market penetration: 1.45
World Growth: 7.24
Country Growth: 5.03

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$): 2,278
GNI per capita, Atlas method (current US$):
Trade Balance (% of GDP): -16.26
Trade Balance (current US$ Mil): -370.00
Trade in services (% of GDP): 25.18
Trade (% of GDP): 100.50