Faroe Islands Trade Balance 1998-2021
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
- Faroe Islands trade balance for 2018 was $0.04B, a 82.74% decline from 2017.
- Faroe Islands trade balance for 2017 was $0.22B, a 1.06% decline from 2016.
- Faroe Islands trade balance for 2016 was $0.22B, a 968.34% increase from 2015.
- Faroe Islands trade balance for 2015 was $0.02B, a 4731.55% decline from 2014.
| Similar Country Ranking | |
|---|---|
| Country Name | Billions of US $ |
| Germany | $243.72B |
| Ireland | $126.82B |
| UAE | $111.33B |
| Singapore | $106.10B |
| Saudi Arabia | $105.33B |
| Netherlands | $96.37B |
| Switzerland | $86.21B |
| South Korea | $76.54B |
| Italy | $50.00B |
| Spain | $38.70B |
| Qatar | $36.75B |
| Macao | $27.31B |
| Luxembourg | $25.54B |
| Norway | $25.22B |
| Denmark | $20.98B |
| Kuwait | $18.22B |
| Poland | $17.99B |
| Austria | $14.89B |
| Czech Republic | $14.79B |
| Puerto Rico | $14.11B |
| Sweden | $12.41B |
| Japan | $11.56B |
| Oman | $11.02B |
| Hungary | $7.06B |
| Australia | $5.46B |
| Slovenia | $4.60B |
| Bahrain | $2.91B |
| Israel | $2.39B |
| Malta | $2.30B |
| Slovak Republic | $2.00B |
| Bermuda | $1.84B |
| Brunei | $1.35B |
| Uruguay | $1.20B |
| Portugal | $1.12B |
| Lithuania | $0.99B |
| Estonia | $0.79B |
| Iceland | $0.78B |
| San Marino | $0.39B |
| Cyprus | $0.39B |
| Bahamas | $0.13B |
| Barbados | $0.08B |
| New Zealand | $0.04B |
| Faroe Islands | $0.04B |
| Antigua and Barbuda | $0.04B |
| Northern Mariana Islands | $-0.01B |
| Palau | $-0.08B |
| Greenland | $-0.13B |
| Seychelles | $-0.22B |
| Latvia | $-0.27B |
| Sint Maarten (Dutch part) | $-0.44B |
| Croatia | $-0.52B |
| Chile | $-0.54B |
| Greece | $-0.57B |
| Hong Kong | $-0.77B |
| Belgium | $-1.43B |
| Guam | $-2.01B |
| Panama | $-2.80B |
| Finland | $-2.96B |
| Argentina | $-10.02B |
| France | $-29.02B |
| Canada | $-33.62B |
| United Kingdom | $-39.74B |
| United States | $-609.46B |
| Faroe Islands Trade Balance - Historical Data | ||
|---|---|---|
| Year | Billions of US $ | % of GDP |
| 2018 | $0.04B | 1.21% |
| 2017 | $0.22B | 7.51% |
| 2016 | $0.22B | 8.05% |
| 2015 | $0.02B | 0.82% |
| 2014 | $-0.00B | -0.02% |
| 2013 | $-0.09B | -3.46% |
| 2012 | $-0.24B | -10.27% |
| 2011 | $-0.08B | -3.29% |
| 2010 | $-0.07B | -2.99% |
| 2009 | $-0.14B | -6.34% |
| 2008 | $-0.21B | -8.71% |
| 2007 | $-0.38B | -16.47% |
| 2006 | $-0.20B | -10.10% |
| 2005 | $-0.17B | -10.01% |
| 2004 | $-0.06B | -3.83% |
| 2003 | $-0.20B | -13.52% |
| 2002 | $-0.01B | -1.02% |
| 2001 | $-0.01B | -1.28% |
| 2000 | $-0.08B | -7.89% |
| 1999 | $-0.03B | -3.08% |
| 1998 | $0.03B | 2.39% |
