Faroe Islands Trade Balance

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Trade Balance Trade to GDP Ratio Exports Imports Foreign Direct Investment Tariff Rates Tourism Statistics

Faroe Islands trade balance for 2024 was 136.17 million US dollars, a 227.91% increase from 2023.

Faroe Islands trade balance for 2023 was 41.53 million US dollars, a 1102.88% decline from 2022.
Faroe Islands trade balance for 2022 was -4.14 million US dollars, a 123.67% decline from 2021.
Faroe Islands trade balance for 2021 was 17.50 million US dollars, a 139.11% decline from 2020.

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. The full historical dataset is available for download here: Faroe Islands Trade Balance | Historical Data | 1962 - 2024.