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Faeroe Islands Trade Summary

2009

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 2009

Overall Exports and Imports for Faeroe Islands 2009

Exports and imports of Faeroe Islands in 2009 are below, along with number of countries and products

  • The total value of exports (FoB) was 762 million.
  • The total value of imports (CIF) was 783 million.
  • At the HS6 digit level, 328 products were exported to 64 countries and 3,408 products were imported from 184 countries.

Faeroe Islands top 5 Export and Import partners 2009

Top five countries to which Faeroe Islands exported in 2009 are below, along with the percent of total exports that went to that country:

  1. Faeroe Islands exports to United Kingdom worth US$ 132 million, with a partner share of 17.32 percent.
  2. Faeroe Islands exports to Denmark worth US$ 84 million, with a partner share of 11.00 percent.
  3. Faeroe Islands exports to France worth US$ 82 million, with a partner share of 10.80 percent.
  4. Faeroe Islands exports to Germany worth US$ 66 million, with a partner share of 8.64 percent.
  5. Faeroe Islands exports to Norway worth US$ 62 million, with a partner share of 8.19 percent.

Top five countries from which Faeroe Islands imported goods in 2009 are below, along with percent of total imports that came from the country :

  1. Faeroe Islands imports from Denmark worth US$ 238 million, with a partner share of 30.37 percent.
  2. Faeroe Islands imports from Norway worth US$ 142 million, with a partner share of 18.12 percent.
  3. Faeroe Islands imports from Chile worth US$ 52 million, with a partner share of 6.59 percent.
  4. Faeroe Islands imports from Germany worth US$ 48 million, with a partner share of 6.10 percent.
  5. Faeroe Islands imports from Sweden worth US$ 47 million, with a partner share of 6.04 percent.

Faeroe Islands Top 5 Productsexports imports at HS 6 digit level 2009

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 US$ 185,348.42 million.
  2. Faeroe Islands exported Fresh or chilled Pacific, Atlantic and Danube s , worth US$ 148,377.12 million.
  3. Faeroe Islands exported Fishing vessels and factory ships , worth US$ 42,216.69 million.
  4. Faeroe Islands exported Fish fillets, dried, salted or in brine, but no , worth US$ 33,568.91 million.
  5. Faeroe Islands exported Fresh or chilled fish, nes , worth US$ 25,408.82 million.

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 US$ 121,629.09 million.
  2. Faeroe Islands imported Fishing vessels and factory ships , worth US$ 50,647.16 million.
  3. Faeroe Islands imported Cargo vessels nes and other vessels for the tra , worth US$ 41,147.70 million.
  4. Faeroe Islands imported Other medicaments of mixed or unmixed products, , worth US$ 18,894.80 million.
  5. Faeroe Islands imported Products of fish, etc; dead animals of Chapter , worth US$ 14,361.78 million.

Exports and Imports of Product Groups 2009

Exports and imports of products by stages of processing in 2009 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2009

Tariffs imposed by Faeroe Islands in 2009 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 2009

Key Development Indicators of Faeroe Islands in 2009 are below

  • Faeroe Islands GDP in current US dollar was 2,268 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Faeroe Islands Trade balance: as % of GDP was -6.34.
  • Trade balance in current US$ was -144.00 million.
  • Trade as percentage of GDP was 89.38 .
  • Trade in services as percentage of GDP was 22.60 .

Trade Indicators 2009

Trade Indicators for Faeroe Islands in 2009 are below

  • Hirschman Herfindahl market concentration index was 0.12.
  • Index of export market penetration was 1.46.
  • World Growth in percentage was -12.27 and Faeroe Islands Country Growth was -15.75 .