Faeroe Islands Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Faeroe Islands monthly trade data
Faeroe Islands quarterly trade data

Country / Region
For viewing trade, tariff data for country or region by year click here.
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.



Overall Exports and Imports

Exports (in US$ Mil) 762
No. Of products 328
No. Of partners 64
Imports (in US$ Mil) 783
No. Of products 3,408
No. Of partners 184

Trade Indicator

HH Market concentration index0.12
Index of export market penetration1.46
World Growth-12.19
Country Growth-15.64

Service Indicators 2021

Service imports (BoP, current US$)...
Service exports (BoP, current US$)...
Imports of goods and services (% of GDP)52.21
Exports of goods and services (% of GDP)52.69

Faeroe Islands top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom132 17.32
Denmark84 11.00
France82 10.80
Germany66 8.64
Norway62 8.19
Exporter Trade (US$ Mil) Partner share(%)
Denmark238 30.37
Norway142 18.12
Chile52 6.59
Germany48 6.10
Sweden47 6.04

Faeroe Islands Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials580 76.10 52 6.67 ...
Intermediate goods57 7.52 104 13.26 ...
Consumer goods78 10.21 411 52.43 ...
Capital goods47 6.18 210 26.75 ...

Top 5 Products exports imports at HS 6 digit level

Frozen fish fillets185,348.42
Fresh or chilled Pac ...148,377.12
Fishing vessels and ...42,216.69
Fish fillets, dried, ...33,568.91
Fresh or chilled fis ...25,408.82
Petroleum oils, etc, ...121,629.09
Fishing vessels and ...50,647.16
Cargo vessels nes an ...41,147.70
Other medicaments of ...18,894.80
Products of fish, et ...14,361.78

Tariff and Trade Barriers for Faeroe Islands


No. Of Tariff Agreement ...
Simple Average (%) ...
Duty Free Imports (US$ Thousand) ...
Maximum Rate (%) ...
Weighted Average (%) ...
Duty Free Tariff Lines Share (%) ...

Overall Trade Restrictiveness Index (OTRI)

Overall Trade Restrictiveness Index - MFN Tariff...
Overall Trade Restrictiveness Index - Applied Tariff...

Services Service Policy Restrictive Database (SPRD)

Services Trade Restrictions Index - Over All...

Non-Tariff Measures (NTM)

No Of NTM Measures...
No Of NTM Affected Products (HS 6 Digit)...

Temporary Trade Barriers Database (TTDB)

Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2021 WDI »
GDP (current US$ Mil)3,650
GNI per capita, Atlas method (current US$)69,560.00
Trade Balance (current US$ Mil)17.00
Trade Balance (% of GDP)0.48

Doing Business

Doing Business »
Ease of Doing Business Rank...
Trading Across Borders Rank...

Country Policy and Institutional Assessment (CPIA)

CPIA Trade Ratings...

Logistics Performance Index (LPI)

LPI Score...
LPI Rank...