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 2015 was $0.02B, a 4731.55% decline from 2014.
  • Faroe Islands trade balance for 2014 was $-0.00B, a 99.51% decline from 2013.
  • Faroe Islands trade balance for 2013 was $-0.09B, a 62.64% decline from 2012.
  • Faroe Islands trade balance for 2012 was $-0.24B, a 196.08% increase from 2011.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Germany $254.13B
South Korea $100.36B
UAE $94.98B
Singapore $84.08B
Ireland $83.93B
Switzerland $79.55B
Netherlands $57.40B
Italy $55.33B
Spain $36.34B
Qatar $33.02B
Puerto Rico $26.40B
Norway $22.16B
Denmark $20.55B
Luxembourg $19.65B
Sweden $19.24B
Macao $17.77B
Poland $14.77B
Austria $14.32B
Czech Republic $11.21B
Kuwait $10.12B
Hungary $9.95B
Israel $9.08B
Hong Kong $7.39B
Belgium $6.55B
Bahrain $3.50B
Slovenia $3.45B
Slovak Republic $2.72B
Oman $2.30B
Brunei $1.88B
New Zealand $1.83B
Portugal $1.47B
Iceland $1.24B
San Marino $1.06B
Malta $1.03B
Estonia $0.90B
Cyprus $0.52B
Croatia $0.11B
Greece $0.10B
Faroe Islands $0.02B
St. Kitts and Nevis $0.00B
Aruba $-0.02B
Palau $-0.05B
Antigua and Barbuda $-0.07B
Seychelles $-0.07B
Barbados $-0.08B
Northern Mariana Islands $-0.13B
Uruguay $-0.20B
Greenland $-0.20B
Virgin Islands (U.S.) $-0.23B
Latvia $-0.25B
Bahamas $-0.33B
Lithuania $-0.41B
Chile $-0.54B
Finland $-1.33B
Guam $-1.99B
Panama $-2.47B
Argentina $-6.39B
France $-13.81B
Japan $-18.39B
Australia $-20.61B
Saudi Arabia $-35.54B
Canada $-38.36B
United Kingdom $-40.42B
United States $-519.85B
Faroe Islands Trade Balance - Historical Data
Year Billions of US $ % of GDP
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%