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Faroe Islands - Trade Balance 1978

Name: Faroe Islands Trade Balance 1978
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-38.3M −$30.2M from 1977 Global rank: 71st

Faroe Islands's trade balance was $-38.3M in 1978, decreased +$30.2M from $-8.1M in 1977. This was the 71st highest globally.

Global Ranking - 1978▾

Trade Balance by Country - 1978
Rank	Country	Value	YoY
1st	United States	$-25.4B	-9.8%
2nd	Germany	$-14.2B	-9.8%
3rd	Algeria	$-3.9B	-64.9%
4th	Israel	$-2.4B	-33.5%
5th	Brazil	$-2.4B	-103.6%
6th	Portugal	$-2.3B	9.7%
7th	Korea	$-2.3B	-200.0%
8th	Greece	$-2.2B	-5.3%
9th	Egypt, Arab Republic of	$-2.1B	-47.6%
10th	Türkiye	$-2.1B	48.8%
11th	Cuba	$-2.1B	-25.4%
12th	Morocco	$-1.8B	19.7%
13th	Puerto Rico (US)	$-1.8B	-9.8%
14th	Pakistan	$-1.6B	-25.3%
15th	Syrian Arab Republic	$-1.5B	12.2%
16th	Ireland	$-1.5B	-40.4%
17th	China	$-1.5B	-793.3%
18th	Denmark	$-1.3B	24.7%
19th	Bangladesh	$-1.3B	-155.7%
20th	Jordan	$-1.2B	-15.6%
21st	Australia	$-1.1B	-64.4%
22nd	Thailand	$-1.0B	5.3%
23rd	Austria	$-892.2M	60.4%
24th	Belgium	$-799.2M	-45.5%
25th	Chile	$-613.8M	-91.6%
26th	Sudan	$-592.9M	-9.0%
27th	Mexico	$-583.9M	-835.6%
28th	Kenya	$-517.2M	-441.9%
29th	Dominican Republic	$-512.2M	-55.0%
30th	Senegal	$-473.3M	-26.6%
31st	Tunisia	$-464.0M	-7.7%
32nd	Ecuador	$-456.9M	-125.6%
33rd	India	$-375.3M	-361.3%
34th	Guatemala	$-351.3M	-255.9%
35th	Togo	$-347.7M	-69.2%
36th	Burkina Faso	$-299.3M	-17.7%
37th	El Salvador	$-289.8M	-1,523.2%
38th	Bolivia, Plurinational State of	$-282.4M	-204.7%
39th	Singapore	$-280.0M	-188.6%
40th	Costa Rica	$-276.6M	-64.7%
41st	Panama	$-252.0M	-43.7%
42nd	Mali	$-222.9M	-211.2%
43rd	Cameroon	$-208.3M	-123.5%
44th	Cyprus	$-198.5M	-35.4%
45th	Lesotho	$-195.5M	-0.6%
46th	Madagascar	$-184.4M	-116.9%
47th	Somalia, Fed. Rep.	$-171.0M	12.0%
48th	Benin	$-167.4M	-20.0%
49th	Congo, Republic of	$-152.4M	-1.2%
50th	Mauritania	$-147.5M	25.6%
51st	Sri Lanka	$-130.5M	-186.9%
52nd	Chad	$-128.6M	-5.6%
53rd	Uganda	$-126.1M	-417.1%
54th	Mauritius	$-125.3M	-42.9%
55th	Uruguay	$-113.3M	0.3%
56th	Afghanistan	$-100.0M	-7.1%
57th	Botswana	$-97.2M	-16.9%
58th	Paraguay	$-94.6M	-51.3%
59th	Niger	$-94.0M	24.9%
60th	Guinea-Bissau	$-90.3M	-29.7%
61st	Rwanda	$-81.7M	-222.5%
62nd	Nepal	$-78.6M	-124.9%
63rd	Côte d'Ivoire	$-72.2M	-118.3%
64th	Papua New Guinea	$-67.8M	-219.6%
65th	Central African Republic	$-63.9M	-38.1%
66th	Malta	$-55.4M	34.4%
67th	Ghana	$-48.7M	-45.7%
68th	Gambia, The	$-45.0M	-202.5%
69th	Seychelles	$-42.7M	-23.1%
70th	Sierra Leone	$-40.2M	17.1%
71st	Faroe Islands	$-38.3M	-372.1%
72nd	Honduras	$-29.2M	-32.7%
73rd	Tonga	$-16.2M	-104.1%
74th	Guyana	$-80,000	99.9%
75th	Kiribati	$3.9M	-42.3%
76th	Nicaragua	$67.2M	156.6%
77th	Norway	$68.1M	101.8%
78th	Iceland	$70.8M	470.0%
79th	Spain	$78.5M	102.2%
80th	Peru	$81.8M	108.5%
81st	Zimbabwe	$88.7M	72.4%
82nd	Bahamas, The	$126.1M	7.1%
83rd	New Zealand	$138.0M	155.7%
84th	Hong Kong SAR, China	$185.8M	-81.9%
85th	Oman	$262.9M	-32.7%
86th	Luxembourg	$348.3M	-9.1%
87th	Gabon	$354.5M	3,686.9%
88th	Canada	$476.9M	163.4%
89th	Indonesia	$524.6M	-66.4%
90th	Colombia	$657.8M	-7.9%
91st	Malaysia	$910.2M	-7.7%
92nd	Iran, Islamic Republic of	$978.4M	-28.7%
93rd	Finland	$1.1B	155.2%
94th	Sweden	$1.4B	231.3%
95th	Brunei Darussalam	$1.6B	14.9%
96th	Argentina	$2.6B	98.2%
97th	South Africa	$3.0B	54.2%
98th	Netherlands	$3.1B	-17.1%
99th	Kuwait	$4.8B	17.7%
100th	Switzerland	$5.0B	32.9%
101st	United Kingdom	$5.5B	101.4%
102nd	Iraq	$5.9B	95.1%
103rd	Saudi Arabia	$6.2B	-66.4%
104th	Italy	$6.6B	169.0%
105th	France	$7.2B	734.0%
106th	Japan	$16.1B	51.3%

FAQ

What was Faroe Islands's trade balance in 1978?▾

Faroe Islands's trade balance in 1978 was $-38.3M. This ranked 71st globally.

How did Faroe Islands's trade balance change in 1978?▾

Faroe Islands's trade balance decreased by 372.1% in 1978 compared to 1977.

Which country had the highest trade balance in 1978?▾

Japan had the highest trade balance in 1978 at $16.1B.

What is the trade balance of Faroe Islands in 1978?▾

The trade balance of Faroe Islands in 1978 was $-38.3M. This ranked 71st globally.

How does 1978 compare to 1977 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $-8.1M in 1977 to $-38.3M in 1978, a 372.1% decrease.

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