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Faroe Islands - Trade Balance 1972

Name: Faroe Islands Trade Balance 1972
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-518,038 +$2.5M from 1971 Global rank: 62nd

Faroe Islands's trade balance was $-518,038 in 1972, increased +$2.5M from $-3.0M in 1971. This was the 62nd highest globally.

Global Ranking - 1972▾

Trade Balance by Country - 1972
Rank	Country	Value	YoY
1st	Germany	$-4.9B	-13.2%
2nd	United States	$-3.4B	-643.2%
3rd	Puerto Rico (US)	$-1.1B	-4.7%
4th	Greece	$-1.1B	-16.0%
5th	Cuba	$-940.2M	-17.6%
6th	Brazil	$-927.8M	-9.3%
7th	Israel	$-925.0M	7.5%
8th	Korea	$-535.0M	48.0%
9th	Türkiye	$-521.4M	-10.2%
10th	Bangladesh	$-506.7M	-30.5%
11th	Egypt, Arab Republic of	$-433.8M	-11.0%
12th	Chile	$-426.2M	-225.3%
13th	Singapore	$-423.9M	8.1%
14th	Portugal	$-399.8M	19.2%
15th	Ireland	$-363.7M	5.6%
16th	Algeria	$-357.1M	23.7%
17th	Mexico	$-347.9M	17.7%
18th	Spain	$-288.6M	-522.4%
19th	Indonesia	$-261.7M	-26.2%
20th	Syrian Arab Republic	$-170.1M	-31.6%
21st	Papua New Guinea	$-146.3M	44.7%
22nd	Pakistan	$-138.5M	52.9%
23rd	Panama	$-135.9M	-39.4%
24th	Senegal	$-123.2M	-1.9%
25th	Ecuador	$-100.1M	40.5%
26th	Congo, Republic of	$-96.4M	-49.2%
27th	Austria	$-95.9M	-73.3%
28th	Denmark	$-94.9M	75.5%
29th	Burkina Faso	$-86.1M	-23.8%
30th	Cameroon	$-85.3M	-66.6%
31st	Thailand	$-81.3M	60.9%
32nd	Costa Rica	$-79.0M	28.9%
33rd	Finland	$-71.4M	75.3%
34th	Guinea-Bissau	$-71.3M	-15.8%
35th	Malaysia	$-68.1M	-211.7%
36th	Dominican Republic	$-66.9M	58.6%
37th	Malta	$-61.8M	0.3%
38th	Peru	$-59.5M	23.3%
39th	Madagascar	$-54.5M	31.0%
40th	Afghanistan	$-53.3M	44.2%
41st	Benin	$-50.9M	-51.3%
42nd	Niger	$-46.7M	-108.0%
43rd	Mali	$-46.4M	-72.7%
44th	Kenya	$-45.1M	61.3%
45th	Lesotho	$-42.9M	-33.5%
46th	Sri Lanka	$-40.2M	15.2%
47th	Botswana	$-38.1M	-5.2%
48th	Bolivia, Plurinational State of	$-36.6M	-10.8%
49th	Togo	$-34.1M	-43.8%
50th	Morocco	$-32.9M	72.7%
51st	Chad	$-28.2M	-9.3%
52nd	Nepal	$-23.1M	29.7%
53rd	Central African Republic	$-20.4M	-33.1%
54th	Somalia, Fed. Rep.	$-20.1M	8.9%
55th	Rwanda	$-19.7M	-32.4%
56th	Sudan	$-16.1M	54.5%
57th	Iceland	$-15.8M	63.7%
58th	Sierra Leone	$-5.9M	-25.0%
59th	Gambia, The	$-4.1M	-54.0%
60th	Guyana	$-3.7M	-135.4%
61st	Paraguay	$-555,556	96.7%
62nd	Faroe Islands	$-518,038	82.8%
63rd	Kiribati	$889,820	-
64th	Gabon	$3.6M	-93.3%
65th	Guatemala	$7.8M	127.9%
66th	Uruguay	$11.9M	136.8%
67th	El Salvador	$12.2M	152.0%
68th	Tunisia	$13.6M	345.7%
69th	Mauritania	$16.6M	-66.7%
70th	Uganda	$38.9M	166.3%
71st	Colombia	$39.6M	112.5%
72nd	Nicaragua	$49.6M	367.3%
73rd	Honduras	$55.8M	90.1%
74th	Oman	$57.3M	-43.4%
75th	Côte d'Ivoire	$83.3M	39.1%
76th	Ghana	$116.3M	207.4%
77th	Argentina	$125.0M	162.5%
78th	Norway	$131.4M	135.5%
79th	United Kingdom	$198.8M	-91.5%
80th	Switzerland	$221.0M	590.9%
81st	Luxembourg	$222.9M	48.8%
82nd	India	$227.7M	200.8%
83rd	Iran, Islamic Republic of	$247.3M	1.0%
84th	New Zealand	$291.7M	359.5%
85th	Australia	$442.8M	456.1%
86th	Hong Kong SAR, China	$453.6M	141.2%
87th	South Africa	$525.5M	163.4%
88th	China	$620.8M	30.1%
89th	Iraq	$635.3M	-20.4%
90th	Canada	$656.6M	-49.5%
91st	Sweden	$834.1M	45.7%
92nd	Belgium	$1.1B	95.7%
93rd	Italy	$1.2B	22.6%
94th	Kuwait	$2.1B	15.3%
95th	France	$2.2B	4.0%
96th	Netherlands	$2.6B	172.8%
97th	Saudi Arabia	$4.2B	61.5%
98th	Japan	$6.8B	12.0%

FAQ

What was Faroe Islands's trade balance in 1972?▾

Faroe Islands's trade balance in 1972 was $-518,038. This ranked 62nd globally.

How did Faroe Islands's trade balance change in 1972?▾

Faroe Islands's trade balance increased by 82.8% in 1972 compared to 1971.

Which country had the highest trade balance in 1972?▾

Japan had the highest trade balance in 1972 at $6.8B.

What is the trade balance of Faroe Islands in 1972?▾

The trade balance of Faroe Islands in 1972 was $-518,038. This ranked 62nd globally.

How does 1972 compare to 1971 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $-3.0M in 1971 to $-518,038 in 1972, a 82.8% increase.

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