Ores and metals exports (% of merchandise exports) — all countries

Ores and metals exports (% of merchandise exports) — Faroe Islands

Ores and metals exports (% of merchandise exports) in the Faroe Islands in 2009 — 0.11%. Ranked 156 in the world out of 170. Since 1976, the indicator has risen by 0.11 pp.

2009 0.11% −0.07 pp vs 2008
World rank 156of 170
Period maximum 0.33%1988
Period minimum 0%1987

Trend over time

1976–2009 · % of merchandise exports

Ores and metals exports (% of merchandise exports) — Faroe Islands, 1976–200900.10.20.30.41976198019841988199219962000200420081976: 0%1987: 0%1988: 0.33%1989: 0.13%1990: 0.03%1998: 0%2006: 0.23%2007: 0.2%2008: 0.18%2009: 0.11%
Change over the period: +0.11 pp Annual average: 0 pp

Comparison, 2009

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

Faroe Islands 0.11%
World 3.49%
Northern Europe computed 3.06%
High-income countries computed 3.51%
Ores and metals exports (% of merchandise exports) — Faroe Islands, by year Faroe Islands All countries CSV XLSX
Year % Change, pp
2009 0.11 −0.07 pp
2008 0.18 −0.02 pp
2007 0.2 −0.03 pp
2006 0.23
1998 0
1990 0.03 −0.11 pp
1989 0.13 −0.2 pp
1988 0.33 +0.33 pp
1987 0
1976 0

About the indicator

The share of ores, concentrates, non-ferrous and ferrous metals in merchandise exports. This is the second measure of commodity dependence after fuel, and the difference between them is meaningful: fuel is burned while metal stays in circulation, so a metallurgical specialization is more robust than an oil one to the shift to renewable energy — and demand for copper, lithium and nickel is exactly what that shift raises.

Important: Ores and metals together, with no split between raw material and processing: a country exporting concentrate and a country exporting rolled steel look the same by this indicator.

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