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Faroe Islands

Faroe Islands Trade Stats

Definitions

  • Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Exports > Goods: Goods imports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from nonresidents to residents. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Data are in current U.S. dollars."
  • Exports > Per $ GDP: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Exports > Per capita: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per capita figures expressed per 1 population.
  • Exports to US: in US dollars. Jan 2003 - March 2003
  • Exports to US > Per $ GDP: in US dollars. Jan 2003 - March 2003 Per $ GDP figures expressed per $100 of Gross Domestic Product.
  • Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Imports > Merchandise imports from high-income economies > % of total merchandise imports: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies as of July 1, 2009. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
  • Imports > Ores and scrap metal imports > % of merchandise imports: Ores and metals comprise commodities in SITC sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals)."
  • Imports > Services: Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies. Data are in current U.S. dollars."
  • Imports from US: In US dollars. Jan 2003 - March 2003
  • Imports of goods > Services and income > BoP > Current US$: Imports of goods, services and income is the sum of goods (merchandise) imports, imports of (nonfactor) services and income (factor) payments. Data are in current U.S. dollars.
  • With US > US > Exports of chemicals-other: US exports of chemicals-other, USD Thousands, 2004
  • With US > US > Exports of newsprint: US exports of newsprint, USD Thousands, 2004
STAT AMOUNT DATE RANK HISTORY
Exports $848.00 million 2008 2nd out of 8
Exports > Goods 683.54 million 2003 133th out of 159
Exports > Per $ GDP $0.42 per $1 of GDP 2001 5th out of 30
Exports > Per capita $17,424.18 per capita 2008 2nd out of 8
Exports to US $3.60 million 2003 148th out of 224
Exports to US > Per $ GDP $0.36 per $100 2003 95th out of 213
Imports $983.00 million 2008 4th out of 8
Imports > Merchandise imports from high-income economies > % of total merchandise imports 97.02% 2009 2nd out of 177
Imports > Ores and scrap metal imports > % of merchandise imports 0.94% 2009 87th out of 117
Imports > Services 146.9 million 2003 139th out of 159
Imports from US $4.10 million 2003 168th out of 224
Imports of goods > Services and income > BoP > Current US$ 906.72 million BoP $ 2003 134th out of 153
With US > US > Exports of chemicals-other 7,571 2004 63th out of 206
With US > US > Exports of newsprint 0.0 2004 176th out of 195

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; US Census Bureau; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; World Bank staff estimates from the Comtrade database maintained by the United Nations Statistics Division.; World Development Indicators database; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau

Citation

NationMaster

Faroe Islands Economy > Trade Profiles (Subcategories)

Exports 21 With US 73
Imports 16

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