Faroe Islands Trade Balance 1998-2022
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 2019 was $0.19B, a 260.96% increase from 2018.
- Faroe Islands trade balance for 2018 was $0.05B, a 75.61% 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.
| Similar Country Ranking | |
|---|---|
| Country Name | Billions of US $ |
| Germany | $223.82B |
| Singapore | $105.83B |
| UAE | $100.97B |
| Netherlands | $94.60B |
| Switzerland | $89.98B |
| Saudi Arabia | $66.92B |
| Italy | $65.83B |
| Ireland | $49.02B |
| South Korea | $47.72B |
| Spain | $41.94B |
| Australia | $35.07B |
| Poland | $28.05B |
| Macao | $28.00B |
| Denmark | $25.73B |
| Luxembourg | $25.59B |
| Qatar | $25.28B |
| Sweden | $22.02B |
| Czech Republic | $15.09B |
| Austria | $15.01B |
| Kuwait | $11.45B |
| Oman | $11.14B |
| Argentina | $10.03B |
| Japan | $8.66B |
| Israel | $7.38B |
| Norway | $6.52B |
| Hong Kong | $5.64B |
| Hungary | $4.59B |
| Slovenia | $4.58B |
| Bahrain | $4.36B |
| Uruguay | $3.61B |
| Belgium | $3.28B |
| Lithuania | $2.85B |
| Malta | $2.25B |
| Bermuda | $1.84B |
| Estonia | $1.26B |
| Iceland | $1.25B |
| Brunei | $0.99B |
| Portugal | $0.91B |
| Slovak Republic | $0.42B |
| Finland | $0.41B |
| Bahamas | $0.35B |
| San Marino | $0.34B |
| Faroe Islands | $0.19B |
| Antigua and Barbuda | $0.04B |
| Barbados | $0.02B |
| Croatia | $-0.15B |
| Seychelles | $-0.18B |
| Northern Mariana Islands | $-0.24B |
| New Zealand | $-0.25B |
| Cyprus | $-0.27B |
| Latvia | $-0.29B |
| Panama | $-1.79B |
| Guam | $-2.19B |
| Chile | $-2.31B |
| Greece | $-3.40B |
| France | $-26.59B |
| Canada | $-27.79B |
| United Kingdom | $-35.06B |
| United States | $-610.47B |
| Faroe Islands Trade Balance - Historical Data | ||
|---|---|---|
| Year | Billions of US $ | % of GDP |
| 2019 | $0.19B | 6.14% |
| 2018 | $0.05B | 1.74% |
| 2017 | $0.22B | 7.52% |
| 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% |
