Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Faroe Islands

Fuel imports (% of merchandise imports) in the Faroe Islands in 2009 — 15.73%. Ranked 69 in the world out of 170. Since 1976, the indicator has risen by 1.61 pp.

2009 15.73% −5.23 pp vs 2008
World rank 69of 170
Period maximum 24.79%1982
Period minimum 5.81%1988

Trend over time

1976–2009 · % of merchandise imports

Fuel imports (% of merchandise imports) — Faroe Islands, 1976–200901020301976198019841988199219962000200420081976: 14.11%1977: 15.41%1978: 13.96%1979: 16.73%1980: 21.68%1981: 23.39%1982: 24.79%1983: 19.17%1984: 16.71%1985: 17.73%1986: 9.65%1987: 6.33%1988: 5.81%1989: 9.99%1990: 12.06%1991: 12.86%1992: 12.52%1993: 15.45%1994: 11.84%1996: 11.66%1997: 10.78%1998: 7.22%1999: 8.09%2000: 11.79%2001: 11.74%2002: 10.63%2003: 9.15%2004: 14.1%2005: 16.24%2006: 18.77%2007: 15.81%2008: 20.96%2009: 15.73%
Change over the period: +1.61 pp Annual average: 0.05 pp

Comparison, 2009

How the value compares with the world and the groups this territory belongs to: Faroe Islands

Faroe Islands 15.73%
World 14.22%
Northern Europe computed 9.82%
High-income countries computed 13.97%
Fuel imports (% of merchandise imports) — Faroe Islands, by year Faroe Islands All countries CSV XLSX
Year % Change, pp
2009 15.73 −5.23 pp
2008 20.96 +5.15 pp
2007 15.81 −2.96 pp
2006 18.77 +2.53 pp
2005 16.24 +2.14 pp
2004 14.1 +4.95 pp
2003 9.15 −1.48 pp
2002 10.63 −1.11 pp
2001 11.74 −0.05 pp
2000 11.79 +3.7 pp
1999 8.09 +0.87 pp
1998 7.22 −3.56 pp
1997 10.78 −0.89 pp
1996 11.66
1994 11.84 −3.62 pp
1993 15.45 +2.94 pp
1992 12.52 −0.34 pp
1991 12.86 +0.8 pp
1990 12.06 +2.07 pp
1989 9.99 +4.18 pp
1988 5.81 −0.51 pp
1987 6.33 −3.32 pp
1986 9.65 −8.07 pp
1985 17.73 +1.02 pp
1984 16.71 −2.46 pp
1983 19.17 −5.62 pp
1982 24.79 +1.4 pp
1981 23.39 +1.72 pp
1980 21.68 +4.95 pp
1979 16.73 +2.77 pp
1978 13.96 −1.45 pp
1977 15.41 +1.3 pp
1976 14.11

About the indicator

The share of fuel in merchandise imports — the reverse side of fuel dependence. The indicator measures vulnerability to rising energy prices: a country spending a quarter of its imports on fuel loses as much when prices double as an exporter does when they fall. The series reacts visibly to oil shocks, and it shows that in the 1970s the share of fuel in the imports of developed countries rose several times over.

Important: The share is of value, not of volume, so it rises when fuel becomes more expensive even with no change in physical deliveries. The aggregate is weighted by merchandise imports — the denominator of the indicator.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.