Faeroe Islands Trade Summary

2008 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): 852
No. Of products: 335
No. Of partners: 58
Importsmore »
Imports (in US$ Mil): 988
No. Of products: 3,476
No. Of partners: 182

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets185,751.61
Fishing vessels and ...110,885.70
Fresh or chilled Pac ...106,534.06
Fish fillets, dried, ...52,439.58
Flours, meals and pe ...28,706.35
Imports (US$ Thousands)
Petroleum oils, etc, ...206,481.31
Other medicaments of ...20,559.28
Fish fats, oils and ...19,119.42
Automobiles with rec ...13,383.50
Helicopters of an un ...12,859.36

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom172 20.22
Norway133 15.58
Denmark103 12.07
France68 7.98
Spain64 7.49
Exporter Trade (US$ Mil) Partner share(%)
Denmark314 31.74
Norway204 20.67
Germany76 7.65
Sweden51 5.15
United Kingdom39 3.98

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials553 64.91 56 5.65 ...
Intermediate goods85 9.99 132 13.37 ...
Consumer goods90 10.58 589 59.66 ...
Capital goods124 14.52 200 20.29 ...

Trade Indicators

more »
HH Market concentration index: 0.11
Index of export market penetration: 1.46
World Growth: 7.47
Country Growth: 12.42

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$): 2,413
GNI per capita, Atlas method (current US$):
Trade Balance (% of GDP): -9.10
Trade Balance (current US$ Mil): -219.00
Trade in services (% of GDP): 26.26
Trade (% of GDP): 100.62