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Faroe Islands - Trade Balance 2005

Name: Faroe Islands Trade Balance 2005
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-296.9M −$193.2M from 2004 Global rank: 84th

Faroe Islands's trade balance was $-296.9M in 2005, decreased +$193.2M from $-103.7M in 2004. This was the 84th highest globally.

Global Ranking - 2005▾

Trade Balance by Country - 2005
Rank	Country	Value	YoY
1st	United States	$-739.9B	-16.7%
2nd	Spain	$-55.6B	-40.4%
3rd	United Kingdom	$-54.4B	3.6%
4th	India	$-22.9B	-80.8%
5th	Greece	$-20.3B	-0.3%
6th	Australia	$-18.9B	-14.3%
7th	Portugal	$-17.3B	-16.1%
8th	Mexico	$-14.6B	3.0%
9th	Türkiye	$-10.5B	-99.8%
10th	Romania	$-10.1B	-47.9%
11th	Pakistan	$-7.8B	-200.8%
12th	Jordan	$-5.2B	-51.4%
13th	Colombia	$-5.1B	-86.4%
14th	Serbia	$-4.8B	24.1%
15th	Bulgaria	$-4.4B	-50.1%
16th	Guatemala	$-4.3B	-19.6%
17th	Lebanon	$-4.2B	5.0%
18th	Bosnia and Herzegovina	$-4.0B	-7.4%
19th	Croatia	$-3.9B	-9.7%
20th	Bangladesh	$-3.9B	-31.2%
21st	Poland	$-3.9B	47.1%
22nd	Morocco	$-3.8B	-18.1%
23rd	Iraq	$-3.5B	-25.2%
24th	Hungary	$-3.3B	28.2%
25th	West Bank and Gaza	$-2.9B	-12.2%
26th	El Salvador	$-2.8B	-14.3%
27th	Ghana	$-2.7B	-45.2%
28th	Sudan	$-2.4B	-401.3%
29th	Latvia	$-2.4B	-10.0%
30th	Sri Lanka	$-2.2B	-19.6%
31st	Slovak Republic	$-2.2B	-145.6%
32nd	Egypt, Arab Republic of	$-2.0B	-89.6%
33rd	Albania	$-2.0B	-23.1%
34th	Thailand	$-2.0B	-125.3%
35th	Iceland	$-2.0B	-154.9%
36th	Viet Nam	$-1.9B	69.0%
37th	Lithuania	$-1.9B	-18.0%
38th	Italy	$-1.8B	-117.2%
39th	Honduras	$-1.8B	-9.2%
40th	Dominican Republic	$-1.8B	-947.9%
41st	Senegal	$-1.7B	-8.1%
42nd	New Zealand	$-1.7B	-656.7%
43rd	Philippines	$-1.5B	54.9%
44th	Nicaragua	$-1.4B	-18.5%
45th	Mozambique	$-1.4B	5.8%
46th	Kenya	$-1.4B	-38.8%
47th	Haiti	$-1.2B	-20.4%
48th	Moldova	$-1.2B	-54.4%
49th	Nepal	$-1.2B	-30.3%
50th	New Caledonia	$-1.2B	-37.6%
51st	Georgia	$-1.2B	-34.2%
52nd	French Polynesia	$-1.0B	-53.4%
53rd	Mauritania	$-1.0B	-50.5%
54th	North Macedonia	$-1.0B	8.2%
55th	Israel	$-1.0B	-27.3%
56th	Uganda	$-982.6M	-22.9%
57th	Burkina Faso	$-890.5M	-19.1%
58th	Guam	$-887.0M	5.5%
59th	Cambodia	$-810.7M	-41.8%
60th	Armenia	$-760.2M	-27.4%
61st	Estonia	$-715.0M	24.7%
62nd	South Africa	$-659.3M	-100.5%
63rd	Madagascar	$-614.7M	-23.1%
64th	Congo, Democratic Republic of	$-593.7M	-48.7%
65th	Malta	$-581.9M	-67.4%
66th	Tanzania	$-550.5M	-117.4%
67th	Eritrea	$-535.8M	10.6%
68th	Zimbabwe	$-515.3M	-25.0%
69th	Mali	$-509.0M	-22.8%
70th	Costa Rica	$-459.7M	-193.6%
71st	Panama	$-455.5M	16.4%
72nd	Kyrgyz Republic	$-454.5M	-136.1%
73rd	Tajikistan	$-428.0M	-90.1%
74th	Niger	$-417.5M	-31.4%
75th	Montenegro	$-395.6M	-18.8%
76th	Bahamas, The	$-381.3M	-1,082.7%
77th	Lao PDR	$-379.3M	1.4%
78th	Rwanda	$-376.7M	-25.1%
79th	Curaçao	$-373.2M	-
80th	Togo	$-357.3M	-4.4%
81st	Mauritius	$-337.2M	-181.3%
82nd	Greenland	$-325.3M	-86.3%
83rd	Sierra Leone	$-302.8M	-5.7%
84th	Faroe Islands	$-296.9M	-186.3%
85th	Cabo Verde	$-279.9M	19.4%
86th	Timor-Leste	$-279.2M	31.4%
87th	Slovenia	$-231.7M	53.5%
88th	Bhutan	$-214.5M	2.0%
89th	Aruba	$-210.0M	-200.5%
90th	Guyana	$-207.1M	-173.8%
91st	Seychelles	$-165.1M	-389.5%
92nd	Micronesia, Federated States of	$-148.0M	2.0%
93rd	Benin	$-139.8M	21.5%
94th	Tunisia	$-124.8M	84.2%
95th	Mongolia	$-122.2M	37.1%
96th	American Samoa	$-120.0M	-9.1%
97th	Guinea-Bissau	$-119.4M	-18.4%
98th	Comoros	$-118.5M	-5.2%
99th	Central African Republic	$-111.7M	-67.2%
100th	Kiribati	$-108.6M	-35.3%
101st	Tonga	$-106.1M	-32.0%
102nd	Gambia, The	$-105.0M	-24.8%
103rd	Cameroon	$-98.9M	29.3%
104th	Cyprus	$-98.2M	-357.3%
105th	Samoa	$-91.3M	-55.6%
106th	Marshall Islands	$-81.7M	-15.1%
107th	Zambia	$-81.6M	64.9%
108th	Solomon Islands	$-66.2M	-8.4%
109th	Palau	$-63.1M	-
110th	Vanuatu	$-37.2M	-35.6%
111th	Belize	$-22.7M	10.8%
112th	Guinea	$-9.6M	77.9%
113th	Namibia	$9.9M	106.6%
114th	Northern Mariana Islands	$182.0M	-35.2%
115th	Belarus	$214.9M	114.6%
116th	Côte d'Ivoire	$225.2M	-55.7%
117th	Bolivia, Plurinational State of	$329.9M	-21.9%
118th	Uruguay	$335.2M	-10.9%
119th	Syrian Arab Republic	$563.3M	-19.3%
120th	Turkmenistan	$599.8M	12,850.1%
121st	Ukraine	$724.5M	-85.5%
122nd	Yemen, Republic of	$840.0M	559.6%
123rd	Uzbekistan	$871.7M	3.8%
124th	Virgin Islands (US)	$982.0M	43.4%
125th	Chad	$1.0B	9,018.4%
126th	Paraguay	$1.1B	0.6%
127th	Cuba	$1.1B	307.8%
128th	Ecuador	$1.3B	77.5%
129th	Azerbaijan	$1.3B	164.0%
130th	Botswana	$1.7B	133.3%
131st	Congo, Republic of	$2.0B	46.5%
132nd	Bahrain	$3.1B	43.6%
133rd	Czechia	$3.2B	325.3%
134th	Gabon	$3.5B	57.1%
135th	Equatorial Guinea	$3.6B	-
136th	Brunei Darussalam	$3.7B	41.8%
137th	Macao SAR, China	$3.9B	-8.9%
138th	Peru	$4.8B	85.7%
139th	Kazakhstan	$4.9B	32.9%
140th	Finland	$8.1B	-34.4%
141st	Oman	$8.5B	173.1%
142nd	Luxembourg	$8.9B	13.9%
143rd	Angola	$9.2B	189.6%
144th	Austria	$10.1B	14.2%
145th	Chile	$10.1B	7.9%
146th	France	$11.1B	-60.5%
147th	Argentina	$11.8B	2.4%
148th	Indonesia	$11.9B	-1.2%
149th	Iran, Islamic Republic of	$14.0B	1,055.7%
150th	Denmark	$14.2B	-0.1%
151st	Belgium	$15.6B	-13.8%
152nd	Qatar	$15.8B	30.9%
153rd	Libya	$17.3B	66.5%
154th	Puerto Rico (US)	$17.6B	9.0%
155th	Korea	$20.3B	-25.3%
156th	Hong Kong SAR, China	$22.2B	50.6%
157th	Switzerland	$22.8B	-20.4%
158th	Ireland	$23.1B	-17.4%
159th	Algeria	$23.4B	65.3%
160th	Sweden	$25.4B	-1.3%
161st	United Arab Emirates	$28.2B	81.5%
162nd	Kuwait	$28.9B	97.8%
163rd	Brazil	$30.3B	32.7%
164th	Malaysia	$31.5B	23.9%
165th	Singapore	$38.2B	25.9%
166th	Canada	$46.4B	1.2%
167th	Norway	$50.9B	41.6%
168th	Netherlands	$61.4B	12.7%
169th	Japan	$67.7B	-27.5%
170th	Russian Federation	$104.6B	44.5%
171st	Saudi Arabia	$105.6B	51.8%
172nd	China	$124.6B	143.5%
173rd	Germany	$143.3B	1.2%

FAQ

What was Faroe Islands's trade balance in 2005?▾

Faroe Islands's trade balance in 2005 was $-296.9M. This ranked 84th globally.

How did Faroe Islands's trade balance change in 2005?▾

Faroe Islands's trade balance decreased by 186.3% in 2005 compared to 2004.

Which country had the highest trade balance in 2005?▾

Germany had the highest trade balance in 2005 at $143.3B.

What is the trade balance of Faroe Islands in 2005?▾

The trade balance of Faroe Islands in 2005 was $-296.9M. This ranked 84th globally.

How does 2005 compare to 2004 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $-103.7M in 2004 to $-296.9M in 2005, a 186.3% decrease.

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