Imports of goods and services — all countries

Imports of goods and services — Faroe Islands

Imports of goods and services in the Faroe Islands in 2024 — 2,074,963,893 US$. Ranked 151 in the world out of 171. Since 1965, the indicator has risen by 7,761.8%.

2024 2.07B US$ −6.27% vs 2023
World rank 151of 171
Period maximum 2.22B US$2022
Period minimum 26.39M US$1965

Trend over time

1965–2024 · US$

Imports of goods and services — Faroe Islands, 1965–202401B2B3B196519711977198319891995200120072013201920241965: 26,392,979 US$1966: 28,260,611 US$1967: 26,780,535 US$1968: 28,186,667 US$1969: 31,266,667 US$1970: 30,453,333 US$1971: 40,596,366 US$1972: 46,868,084 US$1973: 68,154,393 US$1974: 104,480,795 US$1975: 113,328,054 US$1976: 130,603,265 US$1977: 151,702,628 US$1978: 178,797,289 US$1979: 205,837,036 US$1980: 222,110,164 US$1981: 214,266,652 US$1982: 202,389,648 US$1983: 240,481,348 US$1984: 262,586,380 US$1985: 248,197,688 US$1986: 354,962,655 US$1987: 472,638,914 US$1988: 478,494,843 US$1989: 346,092,946 US$1990: 336,750,500 US$1991: 302,667,508 US$1992: 332,828,982 US$1993: 219,928,041 US$1994: 244,161,199 US$1995: 315,223,904 US$1996: 484,076,354 US$1997: 456,509,761 US$1998: 496,684,961 US$1999: 583,351,490 US$2000: 631,833,356 US$2001: 618,901,028 US$2002: 631,929,162 US$2003: 923,482,389 US$2004: 857,444,688 US$2005: 1,036,783,944 US$2006: 1,121,733,483 US$2007: 1,342,046,523 US$2008: 1,432,211,138 US$2009: 1,221,556,140 US$2010: 1,176,620,155 US$2011: 1,338,365,701 US$2012: 1,567,947,800 US$2013: 1,576,924,501 US$2014: 1,536,507,921 US$2015: 1,348,576,905 US$2016: 1,407,099,941 US$2017: 1,516,062,732 US$2018: 1,723,651,102 US$2019: 1,726,424,994 US$2020: 1,596,508,305 US$2021: 1,905,548,674 US$2022: 2,222,973,772 US$2023: 2,213,738,519 US$2024: 2,074,963,893 US$
Change over the period: +2.05B (+7,761.8%) Average annual rate: 7.68 %

Comparison, 2024

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

Faroe Islands 2.07B US$
World 31.39T US$
Northern Europe computed 2.79T US$
High-income countries computed 20.69T US$
Imports of goods and services — Faroe Islands, by year Faroe Islands All countries CSV XLSX
Year US$ Change Change, %
2024 2.07B −139M −6.27%
2023 2.21B −9.24M −0.42%
2022 2.22B +317M +16.66%
2021 1.91B +309M +19.36%
2020 1.6B −130M −7.53%
2019 1.73B +2.77M +0.16%
2018 1.72B +208M +13.69%
2017 1.52B +109M +7.74%
2016 1.41B +58.52M +4.34%
2015 1.35B −188M −12.23%
2014 1.54B −40.42M −2.56%
2013 1.58B +8.98M +0.57%
2012 1.57B +230M +17.15%
2011 1.34B +162M +13.75%
2010 1.18B −44.94M −3.68%
2009 1.22B −211M −14.71%
2008 1.43B +90.16M +6.72%
2007 1.34B +220M +19.64%
2006 1.12B +84.95M +8.19%
2005 1.04B +179M +20.92%
2004 857M −66.04M −7.15%
2003 923M +292M +46.14%
2002 632M +13.03M +2.11%
2001 619M −12.93M −2.05%
2000 632M +48.48M +8.31%
1999 583M +86.67M +17.45%
1998 497M +40.18M +8.8%
1997 457M −27.57M −5.69%
1996 484M +169M +53.57%
1995 315M +71.06M +29.1%
1994 244M +24.23M +11.02%
1993 220M −113M −33.92%
1992 333M +30.16M +9.97%
1991 303M −34.08M −10.12%
1990 337M −9.34M −2.7%
1989 346M −132M −27.67%
1988 478M +5.86M +1.24%
1987 473M +118M +33.15%
1986 355M +107M +43.02%
1985 248M −14.39M −5.48%
1984 263M +22.11M +9.19%
1983 240M +38.09M +18.82%
1982 202M −11.88M −5.54%
1981 214M −7.84M −3.53%
1980 222M +16.27M +7.91%
1979 206M +27.04M +15.12%
1978 179M +27.09M +17.86%
1977 152M +21.1M +16.16%
1976 131M +17.28M +15.24%
1975 113M +8.85M +8.47%
1974 104M +36.33M +53.3%
1973 68.15M +21.29M +45.42%
1972 46.87M +6.27M +15.45%
1971 40.6M +10.14M +33.31%
1970 30.45M −813,333 −2.6%
1969 31.27M +3.08M +10.93%
1968 28.19M +1.41M +5.25%
1967 26.78M −1.48M −5.24%
1966 28.26M +1.87M +7.08%
1965 26.39M

About the indicator

Imports of goods and services in current US dollars — the value of all goods and market services received from the rest of the world. Together with exports it determines the contribution of foreign trade to GDP; the difference between exports and imports is the trade balance.

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