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Faroe Islands - Trade Balance 1970

Name: Faroe Islands Trade Balance 1970
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$3.0M +$10.0M from 1969 Global rank: 69th

Faroe Islands's trade balance was $3.0M in 1970, increased +$10.0M from $-7.0M in 1969. This was the 69th highest globally.

Global Ranking - 1970▾

Trade Balance by Country - 1970
Rank	Country	Value	YoY
1st	Germany	$-3.2B	-
2nd	Israel	$-1.3B	-
3rd	Korea	$-875.8M	3.7%
4th	Greece	$-874.9M	-4.7%
5th	Mexico	$-676.0M	-20.7%
6th	Cuba	$-657.9M	-
7th	Spain	$-634.2M	-
8th	South Africa	$-632.8M	-806.3%
9th	Denmark	$-483.7M	-51.2%
10th	Portugal	$-404.8M	-
11th	Bangladesh	$-377.2M	-26.5%
12th	Singapore	$-365.0M	-132.8%
13th	Ireland	$-362.3M	-
14th	Türkiye	$-345.5M	-55.5%
15th	Algeria	$-344.3M	-88.9%
16th	Thailand	$-309.1M	-15.4%
17th	Iran, Islamic Republic of	$-300.3M	-2.0%
18th	Egypt, Arab Republic of	$-283.6M	-41.1%
19th	Pakistan	$-274.0M	13.2%
20th	Indonesia	$-274.0M	43.5%
21st	Papua New Guinea	$-228.9M	-53.9%
22nd	New Zealand	$-194.1M	-
23rd	Finland	$-190.9M	-
24th	Brazil	$-177.9M	-812.2%
25th	Morocco	$-156.0M	-839.6%
26th	Dominican Republic	$-148.2M	-57.8%
27th	Ecuador	$-102.2M	8.8%
28th	Australia	$-100.8M	80.0%
29th	Senegal	$-92.9M	21.8%
30th	Colombia	$-92.4M	-205.0%
31st	Norway	$-79.9M	-
32nd	Panama	$-78.3M	-159.5%
33rd	Syrian Arab Republic	$-76.2M	25.9%
34th	Sri Lanka	$-72.3M	40.9%
35th	Malta	$-68.1M	-
36th	Sweden	$-67.0M	-813.3%
37th	Costa Rica	$-66.4M	-45.3%
38th	Congo, Republic of	$-63.3M	3.7%
39th	Switzerland	$-63.1M	-
40th	India	$-60.0M	67.6%
41st	Guinea-Bissau	$-53.6M	-
42nd	Burkina Faso	$-49.0M	4.4%
43rd	Niger	$-47.6M	-6.9%
44th	Honduras	$-41.9M	-8,270.0%
45th	Tunisia	$-39.6M	-132.4%
46th	Afghanistan	$-37.8M	45.2%
47th	Botswana	$-34.9M	-51.4%
48th	Benin	$-31.0M	3.0%
49th	Ghana	$-30.4M	-158.3%
50th	Nepal	$-29.4M	-16.4%
51st	Uruguay	$-28.2M	-211.1%
52nd	Chad	$-27.2M	-28.2%
53rd	Madagascar	$-27.0M	49.0%
54th	Lesotho	$-25.2M	-0.6%
55th	Mali	$-20.6M	22.3%
56th	Nicaragua	$-19.1M	8.6%
57th	Central African Republic	$-18.2M	5.7%
58th	Somalia, Fed. Rep.	$-16.9M	28.2%
59th	Cambodia	$-14.4M	59.1%
60th	Kenya	$-13.4M	-164.0%
61st	Austria	$-11.8M	-
62nd	Rwanda	$-8.2M	34.9%
63rd	Paraguay	$-7.2M	72.2%
64th	Togo	$-4.4M	-167.2%
65th	Gambia, The	$-1.6M	66.3%
66th	Guyana	$-1.5M	-115.3%
67th	Sudan	$-1.4M	-126.3%
68th	Bolivia, Plurinational State of	$2.4M	109.3%
69th	Faroe Islands	$3.0M	143.2%
70th	El Salvador	$3.2M	111.8%
71st	Sierra Leone	$7.6M	-24.1%
72nd	Iceland	$8.2M	-
73rd	Guatemala	$15.1M	135.9%
74th	Cameroon	$17.7M	207.2%
75th	Chile	$35.3M	-79.0%
76th	Gabon	$38.0M	1,875.1%
77th	Uganda	$40.7M	193.9%
78th	Mauritania	$46.8M	8.9%
79th	China	$72.7M	-85.0%
80th	Côte d'Ivoire	$97.0M	-26.5%
81st	Peru	$136.9M	231.4%
82nd	Oman	$138.5M	-8.0%
83rd	Malaysia	$163.7M	-56.2%
84th	Netherlands	$195.9M	-68.0%
85th	Italy	$258.8M	-
86th	Luxembourg	$273.2M	-
87th	Argentina	$273.4M	-
88th	Hong Kong SAR, China	$292.8M	4.0%
89th	Iraq	$562.5M	-
90th	Belgium	$583.6M	-
91st	Kuwait	$1.0B	7.1%
92nd	France	$1.3B	985.3%
93rd	United Kingdom	$1.4B	-
94th	Saudi Arabia	$1.6B	50.8%
95th	Canada	$1.9B	1,334.2%
96th	Japan	$2.5B	-
97th	United States	$3.9B	-

FAQ

What was Faroe Islands's trade balance in 1970?▾

Faroe Islands's trade balance in 1970 was $3.0M. This ranked 69th globally.

How did Faroe Islands's trade balance change in 1970?▾

Faroe Islands's trade balance increased by 143.2% in 1970 compared to 1969.

Which country had the highest trade balance in 1970?▾

United States had the highest trade balance in 1970 at $3.9B.

What is the trade balance of Faroe Islands in 1970?▾

The trade balance of Faroe Islands in 1970 was $3.0M. This ranked 69th globally.

How does 1970 compare to 1969 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $-7.0M in 1969 to $3.0M in 1970, a 143.2% increase.

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