Faroe Islands Imports 1998-2023

Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.
  • Faroe Islands imports for 2021 was $1.91B, a 19.36% increase from 2020.
  • Faroe Islands imports for 2020 was $1.60B, a 7.52% decline from 2019.
  • Faroe Islands imports for 2019 was $1.73B, a 0.16% increase from 2018.
  • Faroe Islands imports for 2018 was $1.72B, a 13.69% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
United States $3,401.36B
Germany $1,776.91B
Japan $936.41B
France $928.51B
United Kingdom $899.37B
Netherlands $736.54B
Hong Kong $733.55B
South Korea $696.44B
Italy $638.91B
Singapore $609.27B
Canada $609.19B
Belgium $509.81B
Ireland $479.13B
Spain $477.43B
Switzerland $476.22B
Poland $370.53B
Australia $276.30B
Austria $265.75B
Sweden $261.84B
Denmark $209.20B
Saudi Arabia $202.95B
Czech Republic $196.60B
Luxembourg $151.08B
Hungary $147.74B
Norway $141.35B
Israel $124.59B
Finland $116.51B
Portugal $113.08B
Slovak Republic $109.57B
Greece $104.40B
Chile $103.18B
Argentina $72.82B
New Zealand $66.38B
Qatar $61.33B
Lithuania $50.48B
Slovenia $47.73B
Puerto Rico $45.06B
Oman $36.50B
Croatia $36.37B
Estonia $29.26B
Latvia $26.66B
Panama $26.48B
Malta $23.78B
Cyprus $23.78B
Macao $22.89B
Uruguay $15.02B
Iceland $10.24B
Brunei $9.38B
Bahamas $4.72B
Guam $3.67B
Aruba $2.13B
Barbados $1.96B
Faroe Islands $1.91B
Bermuda $1.71B
Seychelles $1.17B
Faroe Islands Imports - Historical Data
Year Billions of US $ % of GDP
2021 $1.91B 52.21%
2020 $1.60B 49.14%
2019 $1.73B 52.70%
2018 $1.72B 54.06%
2017 $1.52B 50.87%
2016 $1.41B 50.02%
2015 $1.35B 52.39%
2014 $1.54B 52.73%
2013 $1.58B 58.62%
2012 $1.57B 64.60%
2011 $1.34B 53.41%
2010 $1.18B 50.46%
2009 $1.22B 53.20%
2008 $1.43B 57.52%
2007 $1.34B 57.38%
2006 $1.12B 55.60%
2005 $1.04B 58.92%
2004 $0.86B 49.71%
2003 $0.92B 61.49%
2002 $0.63B 49.56%
2001 $0.62B 53.34%
2000 $0.63B 59.21%
1999 $0.58B 51.73%
1998 $0.50B 44.96%