Trade balance in the Faroe Islands in 2024 — 136,166,877 US$. Ranked 67 in the world out of 171. Since 1965, the indicator has risen by 6,586.4%.
1965–2024 · US$
How the value compares with the world and the groups this territory belongs to: Faroe Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 136M | +94.64M | +227.91% |
| 2023 | 41.53M | +45.67M | +1,102.88% |
| 2022 | -4.14M | −21.64M | −123.67% |
| 2021 | 17.5M | +62.24M | +139.11% |
| 2020 | -44.74M | −140M | −146.97% |
| 2019 | 95.26M | +135M | +341.18% |
| 2018 | -39.5M | −203M | −124.13% |
| 2017 | 164M | +36.5M | +28.7% |
| 2016 | 127M | +106M | +500.78% |
| 2015 | 21.17M | +1.17M | +5.87% |
| 2014 | 19.99M | +105M | +123.4% |
| 2013 | -85.45M | +207M | +70.76% |
| 2012 | -292M | −268M | −1,093.12% |
| 2011 | -24.49M | +62.65M | +71.89% |
| 2010 | -87.14M | +132M | +60.23% |
| 2009 | -219M | +68.37M | +23.78% |
| 2008 | -287M | +69.13M | +19.39% |
| 2007 | -357M | −78.28M | −28.12% |
| 2006 | -278M | +18.53M | +6.24% |
| 2005 | -297M | −193M | −186.33% |
| 2004 | -104M | +117M | +53.08% |
| 2003 | -221M | −215M | −3,396.27% |
| 2002 | -6.32M | +14.31M | +69.36% |
| 2001 | -20.63M | +63.4M | +75.45% |
| 2000 | -84.03M | −50.56M | −151.05% |
| 1999 | -33.47M | −52.16M | −279.14% |
| 1998 | 18.68M | +20.05M | +1,471.1% |
| 1997 | -1.36M | −10.5M | −114.91% |
| 1996 | 9.14M | −42.8M | −82.4% |
| 1995 | 51.94M | −34.53M | −39.93% |
| 1994 | 86.47M | −26.89M | −23.72% |
| 1993 | 113M | +4.51M | +4.15% |
| 1992 | 109M | −28.26M | −20.61% |
| 1991 | 137M | +52.76M | +62.55% |
| 1990 | 84.35M | +79.97M | +1,826.9% |
| 1989 | 4.38M | +130M | +103.49% |
| 1988 | -125M | −5.8M | −4.85% |
| 1987 | -120M | −15.89M | −15.32% |
| 1986 | -104M | −38.67M | −59.48% |
| 1985 | -65.02M | +35.35M | +35.22% |
| 1984 | -100M | −30.9M | −44.48% |
| 1983 | -69.47M | −16.64M | −31.5% |
| 1982 | -52.83M | −5.07M | −10.62% |
| 1981 | -47.76M | −4.32M | −9.95% |
| 1980 | -43.44M | +11.65M | +21.15% |
| 1979 | -55.09M | −16.79M | −43.83% |
| 1978 | -38.3M | −30.19M | −372.1% |
| 1977 | -8.11M | +18.04M | +68.98% |
| 1976 | -26.15M | +6.42M | +19.72% |
| 1975 | -32.58M | −7.82M | −31.58% |
| 1974 | -24.76M | −34.53M | −353.43% |
| 1973 | 9.77M | +10.29M | +1,985.85% |
| 1972 | -518,038 | +2.5M | +82.85% |
| 1971 | -3.02M | −6.03M | −200.23% |
| 1970 | 3.01M | +9.99M | +143.21% |
| 1969 | -6.97M | +666,667 | +8.73% |
| 1968 | -7.64M | −6.38M | −503.95% |
| 1967 | -1.26M | +6.16M | +82.97% |
| 1966 | -7.43M | −5.33M | −253.79% |
| 1965 | -2.1M | — | — |
The same indicator for neighboring countries — with links to their pages
The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.
Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The value of goods shipped out and of services provided to non-residents, in US dollars.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Trade Trade opennessExports plus imports as a percent of GDP — total foreign trade turnover.
