Faroe Islands Trade Balance 1998-2023
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 2021 was $0.02B, a 139.04% decline from 2020.
- Faroe Islands trade balance for 2020 was $-0.04B, a 146.99% decline from 2019.
- Faroe Islands trade balance for 2019 was $0.10B, a 341.31% decline from 2018.
- Faroe Islands trade balance for 2018 was $-0.04B, a 124.13% decline from 2017.
| Similar Country Ranking | |
|---|---|
| Country Name | Billions of US $ |
| Germany | $226.56B |
| Ireland | $198.57B |
| Singapore | $124.50B |
| Netherlands | $103.92B |
| Switzerland | $95.21B |
| Saudi Arabia | $86.87B |
| Australia | $66.46B |
| South Korea | $64.81B |
| Norway | $59.10B |
| Italy | $49.67B |
| Qatar | $44.53B |
| Luxembourg | $29.71B |
| Denmark | $28.43B |
| Sweden | $27.35B |
| Poland | $22.94B |
| Spain | $21.20B |
| Israel | $19.32B |
| Hong Kong | $17.81B |
| Argentina | $15.05B |
| Puerto Rico | $12.86B |
| Oman | $9.82B |
| Czech Republic | $8.35B |
| Belgium | $6.25B |
| Panama | $6.00B |
| Slovenia | $3.91B |
| Uruguay | $3.65B |
| Macao | $3.60B |
| Lithuania | $3.00B |
| Austria | $2.78B |
| Malta | $2.40B |
| Canada | $1.94B |
| Brunei | $1.85B |
| Bermuda | $1.84B |
| Cyprus | $0.83B |
| Finland | $0.68B |
| Hungary | $0.55B |
| Aruba | $0.02B |
| Faroe Islands | $0.02B |
| Seychelles | $-0.12B |
| Estonia | $-0.14B |
| Slovak Republic | $-0.26B |
| Iceland | $-0.46B |
| Barbados | $-0.49B |
| Croatia | $-1.01B |
| Latvia | $-1.37B |
| Bahamas | $-1.64B |
| Chile | $-2.06B |
| Guam | $-3.48B |
| Portugal | $-7.57B |
| New Zealand | $-10.07B |
| Greece | $-16.57B |
| United Kingdom | $-24.17B |
| Japan | $-25.92B |
| France | $-57.45B |
| United States | $-861.71B |
| Faroe Islands Trade Balance - Historical Data | ||
|---|---|---|
| Year | Billions of US $ | % of GDP |
| 2021 | $0.02B | 0.48% |
| 2020 | $-0.04B | -1.38% |
| 2019 | $0.10B | 2.91% |
| 2018 | $-0.04B | -1.24% |
| 2017 | $0.16B | 5.49% |
| 2016 | $0.13B | 4.52% |
| 2015 | $0.02B | 0.82% |
| 2014 | $0.02B | 0.69% |
| 2013 | $-0.09B | -3.18% |
| 2012 | $-0.29B | -12.04% |
| 2011 | $-0.02B | -0.98% |
| 2010 | $-0.09B | -3.74% |
| 2009 | $-0.22B | -9.54% |
| 2008 | $-0.29B | -11.55% |
| 2007 | $-0.36B | -15.25% |
| 2006 | $-0.28B | -13.80% |
| 2005 | $-0.30B | -16.87% |
| 2004 | $-0.10B | -6.01% |
| 2003 | $-0.22B | -14.71% |
| 2002 | $-0.01B | -0.50% |
| 2001 | $-0.02B | -1.78% |
| 2000 | $-0.08B | -7.87% |
| 1999 | $-0.03B | -2.97% |
| 1998 | $0.02B | 1.69% |
