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Faroe Islands - Trade Balance 1974

Name: Faroe Islands Trade Balance 1974
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-24.8M −$34.5M from 1973 Global rank: 68th

Faroe Islands's trade balance was $-24.8M in 1974, decreased +$34.5M from $9.8M in 1973. This was the 68th highest globally.

Global Ranking - 1974▾

Trade Balance by Country - 1974
Rank	Country	Value	YoY
1st	United Kingdom	$-9.4B	-133.3%
2nd	Italy	$-7.5B	-130.3%
3rd	Brazil	$-6.2B	-533.0%
4th	Spain	$-5.2B	-353.3%
5th	Japan	$-4.0B	-1,615.3%
6th	Israel	$-3.1B	-29.8%
7th	France	$-2.2B	-187.7%
8th	Germany	$-2.2B	45.2%
9th	Korea	$-2.2B	-312.5%
10th	Portugal	$-2.1B	-156.5%
11th	Türkiye	$-2.0B	-266.7%
12th	New Zealand	$-1.7B	-8,906.1%
13th	Mexico	$-1.6B	-167.7%
14th	Greece	$-1.6B	7.9%
15th	Cuba	$-1.3B	-14.2%
16th	India	$-1.2B	-169.0%
17th	Denmark	$-1.1B	-96.6%
18th	Ireland	$-1.1B	-112.1%
19th	Egypt, Arab Republic of	$-1.0B	-115.9%
20th	Peru	$-1.0B	-351.1%
21st	Finland	$-957.5M	-278.5%
22nd	Puerto Rico (US)	$-922.8M	10.5%
23rd	Bangladesh	$-831.8M	-93.5%
24th	United States	$-815.0M	-119.8%
25th	Singapore	$-784.4M	-134.3%
26th	Norway	$-728.0M	-741.2%
27th	China	$-503.1M	-171.7%
28th	Syrian Arab Republic	$-498.5M	-314.6%
29th	Austria	$-471.2M	-158.3%
30th	Pakistan	$-327.5M	-1,053.8%
31st	Panama	$-327.4M	-158.2%
32nd	Thailand	$-324.3M	-107.3%
33rd	Switzerland	$-321.5M	-280.4%
34th	Sudan	$-317.3M	-374.2%
35th	Dominican Republic	$-273.7M	-164.4%
36th	Sri Lanka	$-266.9M	-666.0%
37th	Costa Rica	$-249.6M	-168.8%
38th	Senegal	$-226.8M	-5.1%
39th	Kenya	$-214.5M	-570.4%
40th	Nicaragua	$-205.9M	-96.4%
41st	South Africa	$-201.6M	-127.3%
42nd	Niger	$-171.4M	-120.3%
43rd	Canada	$-156.4M	-110.9%
44th	Sweden	$-154.1M	-109.0%
45th	Mali	$-151.6M	-112.6%
46th	Iceland	$-146.7M	-498.7%
47th	El Salvador	$-140.2M	-221.5%
48th	Colombia	$-134.9M	-157.8%
49th	Honduras	$-131.8M	-520.4%
50th	Burkina Faso	$-121.3M	-8.3%
51st	Somalia, Fed. Rep.	$-105.3M	-60.2%
52nd	Guatemala	$-103.0M	-692.0%
53rd	Uruguay	$-102.6M	-383.7%
54th	Ghana	$-100.6M	-166.2%
55th	Malta	$-99.4M	-59.7%
56th	Lesotho	$-95.7M	-47.5%
57th	Madagascar	$-89.8M	-17.3%
58th	Guinea-Bissau	$-87.9M	-9.1%
59th	Benin	$-84.2M	-62.2%
60th	Botswana	$-73.0M	-29.3%
61st	Nepal	$-62.1M	-69.8%
62nd	Australia	$-57.5M	-102.9%
63rd	Chad	$-54.9M	-9.1%
64th	Morocco	$-48.8M	38.4%
65th	Central African Republic	$-43.9M	-105.7%
66th	Congo, Republic of	$-36.6M	42.6%
67th	Rwanda	$-28.3M	-427.5%
68th	Faroe Islands	$-24.8M	-353.4%
69th	Paraguay	$-22.0M	-418.7%
70th	Afghanistan	$-17.8M	42.9%
71st	Mauritania	$-16.3M	-164.7%
72nd	Sierra Leone	$-13.2M	-285.9%
73rd	Uganda	$-6.8M	-111.8%
74th	Gambia, The	$-4.5M	17.0%
75th	Guyana	$8.4M	116.3%
76th	Malaysia	$22.4M	-94.8%
77th	Chile	$37.1M	110.6%
78th	Kiribati	$39.0M	825.9%
79th	Cameroon	$56.9M	190.6%
80th	Papua New Guinea	$103.3M	-20.9%
81st	Tunisia	$112.0M	1,251.9%
82nd	Togo	$139.3M	459.6%
83rd	Bolivia, Plurinational State of	$178.4M	2,433.3%
84th	Gabon	$220.6M	2,487.9%
85th	Côte d'Ivoire	$224.8M	255.3%
86th	Ecuador	$257.4M	442.7%
87th	Belgium	$288.9M	-68.5%
88th	Oman	$427.3M	600.3%
89th	Algeria	$430.5M	181.2%
90th	Argentina	$444.4M	-55.6%
91st	Hong Kong SAR, China	$450.0M	-11.2%
92nd	Brunei Darussalam	$780.5M	-
93rd	Luxembourg	$869.0M	81.1%
94th	Indonesia	$2.0B	1,996.6%
95th	Iraq	$3.4B	204.3%
96th	Netherlands	$4.8B	24.5%
97th	Kuwait	$9.3B	243.6%
98th	Iran, Islamic Republic of	$10.8B	211.5%
99th	Saudi Arabia	$22.6B	91.8%

FAQ

What was Faroe Islands's trade balance in 1974?▾

Faroe Islands's trade balance in 1974 was $-24.8M. This ranked 68th globally.

How did Faroe Islands's trade balance change in 1974?▾

Faroe Islands's trade balance decreased by 353.4% in 1974 compared to 1973.

Which country had the highest trade balance in 1974?▾

Saudi Arabia had the highest trade balance in 1974 at $22.6B.

What is the trade balance of Faroe Islands in 1974?▾

The trade balance of Faroe Islands in 1974 was $-24.8M. This ranked 68th globally.

How does 1974 compare to 1973 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $9.8M in 1973 to $-24.8M in 1974, a 353.4% decrease.

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