Faroe Islands Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
$145.0M
+$8.8M (+6.5%)
Year 2025Rank #73 GlobalPeak $163.7M (2017)Source World Bank
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Overview
Faroe Islands's trade balance stood at $145.0M in 2025, a rise of +$8.8M from 2024. Based on recent trends, this figure is projected to reach $145.0M by 2025. Faroe Islands ranked 73rd globally.
Data & projection
Year
Trade Balance
YoY change
Rank
2027* trend
$222.2M
-
-
2026* trend
$183.6M
-
-
2025* trend
$145.0M
-
-
2025 $145.0M
+$8.8M
#73
2024 $136.2M
+$94.6M
#92
2023 $41.5M
+$45.7M
#97
2022 $-4.1M
−$21.6M
#114
2021 $17.5M
+$62.2M
#106
2020 $-44.7M
−$140.0M
#110
2019 $95.3M
+$134.8M
#110
2018 $-39.5M
−$203.2M
#111
2017 $163.7M
+$36.5M
#113
2016 $127.2M
+$106.0M
#117
2015 $21.2M
+$1.2M
#122
2014 $20.0M
+$105.4M
#113
2013 $-85.4M
+$206.8M
#112
2012 $-292.2M
−$267.7M
#97
2011 $-24.5M
+$62.6M
#111
2010 $-87.1M
+$132.0M
#109
2009 $-219.1M
+$68.4M
#96
2008 $-287.5M
+$69.1M
#100
2007 $-356.6M
−$78.3M
#86
2006 $-278.4M
+$18.5M
#86
2005 $-296.9M
−$193.2M
#84
2004 $-103.7M
+$117.3M
#93
2003 $-221.0M
−$214.7M
#79
2002 $-6.3M
+$14.3M
#104
2001 $-20.6M
+$63.4M
#103
2000 $-84.0M
−$50.6M
#92
1999 $-33.5M
−$52.2M
#104
1998 $18.7M
+$20.0M
#122
1997 $-1.4M
−$10.5M
#109
1996 $9.1M
−$42.8M
#113
1995 $51.9M
−$34.5M
#115
1994 $86.5M
−$26.9M
#104
1993 $113.4M
+$4.5M
#105
1992 $108.8M
−$28.3M
#100
1991 $137.1M
+$52.8M
#99
1990 $84.3M
+$80.0M
#94
1989 $4.4M
+$129.8M
#83
1988 $-125.4M
−$5.8M
#57
1987 $-119.6M
−$15.9M
#53
1986 $-103.7M
−$38.7M
#58
1985 $-65.0M
+$35.3M
#62
1984 $-100.4M
−$30.9M
#56
1983 $-69.5M
−$16.6M
#65
1982 $-52.8M
−$5.1M
#80
1981 $-47.8M
−$4.3M
#87
1980 $-43.4M
+$11.6M
#81
1979 $-55.1M
−$16.8M
#66
1978 $-38.3M
−$30.2M
#71
1977 $-8.1M
+$18.0M
#73
1976 $-26.2M
+$6.4M
#72
1975 $-32.6M
−$7.8M
#77
1974 $-24.8M
−$34.5M
#68
1973 $9.8M
+$10.3M
#66
1972 $-518,038
+$2.5M
#62
1971 $-3.0M
−$6.0M
#71
1970 $3.0M
+$10.0M
#69
1969 $-7.0M
+$666,667
#49
1968 $-7.6M
−$6.4M
#50
1967 $-1.3M
+$6.2M
#51
1966 $-7.4M
−$5.3M
#50
1965 $-2.1M
–
#50
Show all years (1965-2025)
* Linear trend extrapolation
Analysis
Faroe Islands's trade balance was $145.0M in 2025, a rise of +$8.8M from 2024. Based on trends, estimated $145.0M by 2025.
Frequently Asked Questions
What is Faroe Islands's trade balance? ▾
Faroe Islands's trade balance was $145.0M in 2025. Ranked 73rd globally. This represents a 6.5% increase from the previous year.
What was the highest trade balance in Faroe Islands? ▾
Faroe Islands's trade balance peaked at $163.7M in 2017.
What was the lowest trade balance in Faroe Islands? ▾
The lowest trade balance in Faroe Islands was $-356.6M in 2007.
How does Faroe Islands rank in trade balance? ▾
Faroe Islands ranks 73rd globally in trade balance as of 2025.
What is the World Bank indicator code for trade balance? ▾
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
What is the projected trade balance of Faroe Islands in 2025? ▾
Faroe Islands's trade balance is projected to reach $145.0M by 2025 based on trend extrapolation.
What is Faroe Islands's trade balance in million? ▾
Faroe Islands's trade balance was approximately 145.01 million ($145.0M) in 2025.
What is the trade balance of Faroe Islands in 2025? ▾
The trade balance of Faroe Islands in 2025 was $145.0M. This ranks 73rd in the world.
Cite this page
APA
Faroe Islands Trade Balance. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/faroe-islands/trade-balance
BibTeX
@misc{historysaid_faroe-islands_trade-balance,
title = {Faroe Islands Trade Balance},
url = {https://historysaid.com/faroe-islands/trade-balance},
publisher = {HistorySaid},
year = {2026}
}
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