Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Faroe Islands | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 1998 - 2009

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2002
2003
2004
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2009
TOTAL. ALL COMMODITIESFaroe IslandsWorldExportsValue (US$)542,029,275.00599,298,534.00620,097,024.00601,764,406.00630,967,180.00746,230,393.00852,090,544.00761,743,826.00
Value Growth, YoY (%)10.563.47-2.954.8518.2614.18-10.60
ImportsValue (US$)495,688,932.00739,888,997.00628,549,861.00746,636,147.00783,239,856.001,015,836,717.00988,075,789.00783,439,826.00
Value Growth, YoY (%)49.26-15.0418.784.9029.69-2.73-20.71

The value of merchandise exports from Faroe Islands totalled $ 761 million in 2009. Overall commodity exports from Faroe Islands decreased by 10.6% compared to 2008. Merchandise exports decreased by $ 90 million (the value of merchandise exports from Faroe Islands amounted to $852 million in 2008)

Faroe Islands's exports 2009 by country

Top export destinations of commodities from Faroe Islands in 2009:

  • United Kingdom with a share of 17.3% (131 million US$)
  • Denmark with a share of 11% (83 million US$)
  • France with a share of 10.7% (82 million US$)
  • Germany with a share of 8.63% (65 million US$)
  • Norway with a share of 8.18% (62 million US$)
  • USA with a share of 7.51% (57 million US$)
  • Spain with a share of 4.11% (31 million US$)
  • Nigeria with a share of 4.09% (31 million US$)
  • Russia with a share of 4.02% (30 million US$)
  • Italy with a share of 3.19% (24 million US$)

Exports structure from Faroe Islands in 2009 represented by the following main commodity groups:

  • 85% (650 million US$): 03 - Fish and crustaceans, molluscs and other aquatic invertebrates
  • 5.54% (42 million US$): 89 - Ships, boats and floating structures
  • 2.79% (21 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 1.96% (14.9 million US$): 23 - Residues and waste from the food industries; prepared animal feed
  • 1.1% (8.38 million US$): 05 - Products of animal origin, not elsewhere specified or included
  • 0.528% (4.02 million US$): 16 - Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates
  • 0.524% (3.99 million US$): 47 - Pulp of wood or of other fibrous cellulose material; waste and scrap of paper or paperboard
  • 0.425% (3.24 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 0.347% (2.64 million US$): 73 - Articles of iron or steel
  • 0.344% (2.62 million US$): 56 - Wadding, felt and non-wovens; special yarns, twine, cordage, ropes and cables and articles thereof

What did Faroe Islands export in 2009?

Faroe Islands's Top Exports in 2009:

  • 32% ($249 million): 0302 - Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304
  • 29% ($221 million): 0304 - Fish fillets and other fish meat (whether or not minced), fresh, chilled or frozen.
  • 10.7% ($82 million): 0305 - Fish, dried, salted or in brine; smoked fish, whether or not cooked before, or during the smoking process
  • 9.73% ($74 million): 0303 - Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
  • 5.54% ($42 million): 8902 - Fishing vessels; factory ships and other vessels for processing or preserving fishery products
  • 2.79% ($21 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 2.73% ($20 million): 0306 - Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine
  • 1.36% ($10.3 million): 2309 - Preparations of a kind used in animal feeding.
  • 1.08% ($8.28 million): 0511 - Animal products not elsewhere specified or included; dead animals of Chapter 1 or 3, unfit for human consumption
  • 0.597% ($4.55 million): 2301 - Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves.

The value of merchandise imports to Faroe Islands totalled $ 783 million in 2009. Overall commodity imports to Faroe Islands decreased by 20% compared to 2008. Merchandise imports decreased by $ 204 million (the value of merchandise imports to Faroe Islands was equal to $988 million in 2008)

Faroe Islands's imports 2009 by country

Top trading partners (import sources) of Faroe Islands in 2009:

  • Denmark with a share of 30% (237 million US$)
  • Norway with a share of 18.1% (141 million US$)
  • Chile with a share of 6.59% (51 million US$)
  • Germany with a share of 6.09% (47 million US$)
  • Sweden with a share of 6.03% (47 million US$)
  • China with a share of 4.32% (33 million US$)
  • United Kingdom with a share of 3.21% (25 million US$)
  • Poland with a share of 2.94% (23 million US$)
  • Iceland with a share of 2.61% (20 million US$)
  • France with a share of 1.91% (14.9 million US$)

Imports structure to Faroe Islands in 2009 represented by the following main commodity groups:

  • 15.7% (123 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 12.1% (95 million US$): 89 - Ships, boats and floating structures
  • 8.76% (68 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.96% (38 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 3.38% (26 million US$): 30 - Pharmaceutical products
  • 3.25% (25 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 2.74% (21 million US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
  • 2.65% (20 million US$): 39 - Plastics and articles thereof
  • 2.47% (19.4 million US$): 23 - Residues and waste from the food industries; prepared animal feed
  • 2.39% (18.7 million US$): 48 - Paper and paperboard; articles of paper pulp, of paper or of paperboard

What did Faroe Islands import in 2009?

Faroe Islands's Top Imports in 2009:

  • 15.5% ($121 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 6.46% ($50 million): 8902 - Fishing vessels; factory ships and other vessels for processing or preserving fishery products
  • 5.25% ($41 million): 8901 - Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods
  • 2.6% ($20 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 1.84% ($14.4 million): 0511 - Animal products not elsewhere specified or included; dead animals of Chapter 1 or 3, unfit for human consumption
  • 1.44% ($11.3 million): 9403 - Other furniture and parts thereof
  • 1.43% ($11.2 million): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.37% ($10.7 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 1.14% ($8.98 million): 1504 - Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified
  • 1.13% ($8.89 million): 2301 - Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves.

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Faroe Islands | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 1998 - 2009