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Faroe Islands - Trade Balance 2016

Name: Faroe Islands Trade Balance 2016
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$127.2M +$106.0M from 2015 Global rank: 117th

Faroe Islands's trade balance was $127.2M in 2016, increased +$106.0M from $21.2M in 2015. This was the 117th highest globally.

Global Ranking - 2016▾

Trade Balance by Country - 2016
Rank	Country	Value	YoY
1st	United States	$-503.3B	4.0%
2nd	United Kingdom	$-46.5B	-15.4%
3rd	India	$-40.5B	16.1%
4th	Canada	$-36.0B	6.1%
5th	Egypt, Arab Republic of	$-31.8B	-13.8%
6th	Australia	$-29.2B	-40.9%
7th	Philippines	$-26.9B	-85.5%
8th	Algeria	$-23.1B	-1.5%
9th	Mexico	$-22.9B	9.6%
10th	Pakistan	$-22.7B	-12.1%
11th	Colombia	$-19.1B	7.7%
12th	Türkiye	$-14.0B	-23.0%
13th	Lebanon	$-12.4B	2.7%
14th	Morocco	$-10.8B	-33.7%
15th	Bangladesh	$-9.3B	36.0%
16th	France	$-8.6B	-197.6%
17th	Jordan	$-8.0B	7.5%
18th	Yemen, Republic of	$-6.7B	-29.1%
19th	Ukraine	$-6.5B	-171.9%
20th	Turkmenistan	$-6.4B	-80.2%
21st	Nepal	$-6.3B	1.2%
22nd	Kenya	$-6.3B	11.4%
23rd	Sri Lanka	$-6.0B	1.0%
24th	Libya	$-6.0B	1.6%
25th	Guatemala	$-5.9B	8.0%
26th	Argentina	$-5.8B	9.3%
27th	West Bank and Gaza	$-5.7B	-4.9%
28th	Mozambique	$-4.8B	12.2%
29th	Tunisia	$-4.7B	2.6%
30th	Guinea	$-4.6B	-76.2%
31st	Congo, Republic of	$-4.2B	5.9%
32nd	Uzbekistan	$-3.9B	-40.9%
33rd	El Salvador	$-3.8B	6.7%
34th	Honduras	$-3.1B	12.0%
35th	Ghana	$-3.1B	29.6%
36th	Syrian Arab Republic	$-3.0B	19.3%
37th	Bosnia and Herzegovina	$-2.8B	5.1%
38th	Somalia, Fed. Rep.	$-2.8B	-5.9%
39th	Cambodia	$-2.6B	-6.5%
40th	Namibia	$-2.6B	14.5%
41st	Haiti	$-2.6B	6.3%
42nd	Dominican Republic	$-2.5B	16.7%
43rd	Finland	$-2.5B	-171.1%
44th	Bolivia, Plurinational State of	$-2.5B	-23.2%
45th	Greece	$-2.5B	-43.4%
46th	Mali	$-2.4B	-17.0%
47th	Zimbabwe	$-2.3B	36.7%
48th	Kyrgyz Republic	$-2.3B	14.1%
49th	Georgia	$-2.3B	9.5%
50th	Sudan	$-2.2B	21.5%
51st	Congo, Democratic Republic of	$-2.2B	3.5%
52nd	Nicaragua	$-2.1B	7.3%
53rd	Senegal	$-2.1B	7.7%
54th	Tajikistan	$-2.1B	18.3%
55th	Serbia	$-2.0B	27.6%
56th	Albania	$-2.0B	-1.7%
57th	Romania	$-2.0B	-34.3%
58th	Guam	$-1.9B	6.1%
59th	Moldova	$-1.9B	6.1%
60th	Uganda	$-1.9B	52.0%
61st	Kosovo	$-1.8B	0.2%
62nd	New Caledonia	$-1.7B	18.6%
63rd	Rwanda	$-1.6B	-1.2%
64th	North Macedonia	$-1.6B	2.9%
65th	Lao PDR	$-1.4B	46.5%
66th	Tanzania	$-1.4B	56.4%
67th	Niger	$-1.3B	19.6%
68th	Montenegro	$-983.6M	-31.4%
69th	Kuwait	$-977.1M	-109.7%
70th	Lesotho	$-946.3M	8.7%
71st	Cameroon	$-926.1M	19.3%
72nd	Armenia	$-905.9M	29.8%
73rd	Sierra Leone	$-903.1M	14.2%
74th	Timor-Leste	$-885.8M	-3.2%
75th	French Polynesia	$-791.1M	9.4%
76th	Togo	$-788.2M	12.8%
77th	Burkina Faso	$-777.9M	4.4%
78th	Virgin Islands (US)	$-731.0M	-1,229.1%
79th	Zambia	$-693.6M	41.6%
80th	Panama	$-546.5M	45.7%
81st	Mauritius	$-537.7M	-10.4%
82nd	Chile	$-527.5M	77.5%
83rd	Bhutan	$-521.9M	10.2%
84th	Benin	$-446.1M	46.5%
85th	Curaçao	$-395.1M	-14.0%
86th	Central African Republic	$-381.2M	-18.2%
87th	Peru	$-361.2M	92.6%
88th	Mauritania	$-339.3M	67.6%
89th	Madagascar	$-313.9M	37.5%
90th	Cabo Verde	$-230.0M	-12.0%
91st	American Samoa	$-210.0M	11.4%
92nd	Gambia, The	$-187.1M	-1.5%
93rd	Bahamas, The	$-179.3M	-176.3%
94th	Oman	$-169.1M	-107.3%
95th	Tonga	$-163.1M	21.5%
96th	Kiribati	$-161.1M	-2.6%
97th	Comoros	$-159.9M	5.6%
98th	Seychelles	$-159.4M	-52.4%
99th	Micronesia, Federated States of	$-150.0M	7.4%
100th	Samoa	$-149.0M	11.2%
101st	Djibouti	$-144.4M	-126.5%
102nd	Greenland	$-116.6M	41.2%
103rd	Northern Mariana Islands	$-116.0M	24.2%
104th	Vanuatu	$-92.2M	39.8%
105th	Belarus	$-91.0M	-251.0%
106th	Marshall Islands	$-87.5M	4.8%
107th	Guinea-Bissau	$-84.1M	-70.5%
108th	Solomon Islands	$-84.0M	13.9%
109th	Palau	$-67.8M	-14.4%
110th	Maldives	$-50.8M	-113.5%
111th	Belize	$-42.2M	-105.4%
112th	Nauru	$-24.7M	48.7%
113th	Aruba	$31.2M	600.2%
114th	Eswatini	$45.2M	-20.5%
115th	Mongolia	$77.1M	151.6%
116th	Antigua and Barbuda	$119.5M	-26.7%
117th	Faroe Islands	$127.2M	500.8%
118th	Latvia	$142.7M	145.6%
119th	Chad	$163.9M	-84.6%
120th	Costa Rica	$201.1M	146.7%
121st	Lithuania	$313.0M	176.4%
122nd	San Marino	$381.6M	-2.4%
123rd	Cyprus	$409.6M	-25.4%
124th	Ecuador	$531.4M	123.6%
125th	Croatia	$579.8M	441.5%
126th	Estonia	$787.8M	-5.1%
127th	Belgium	$846.9M	-73.3%
128th	Azerbaijan	$1.1B	-33.7%
129th	Côte d'Ivoire	$1.1B	22.8%
130th	Equatorial Guinea	$1.1B	-39.6%
131st	Botswana	$1.3B	245.3%
132nd	Brunei Darussalam	$1.3B	-28.2%
133rd	Angola	$1.4B	150.1%
134th	South Africa	$1.5B	132.4%
135th	Iceland	$1.5B	10.5%
136th	New Zealand	$1.5B	-14.7%
137th	Malta	$1.6B	34.0%
138th	Slovak Republic	$1.7B	-3.6%
139th	Bermuda	$1.8B	0.8%
140th	Paraguay	$2.4B	154.7%
141st	Portugal	$2.5B	66.2%
142nd	Cuba	$2.5B	5.4%
143rd	Saudi Arabia	$2.5B	108.6%
144th	Gabon	$2.5B	-3.4%
145th	Bulgaria	$2.7B	524.6%
146th	Iraq	$2.7B	389.0%
147th	Bahrain	$2.8B	-19.2%
148th	Uruguay	$3.1B	1,542.6%
149th	Iran, Islamic Republic of	$3.6B	143.8%
150th	Slovenia	$3.8B	10.4%
151st	Kazakhstan	$4.6B	-36.9%
152nd	Israel	$5.1B	-40.2%
153rd	Indonesia	$7.1B	114.0%
154th	Brazil	$7.2B	134.5%
155th	Viet Nam	$7.2B	223.6%
156th	Hong Kong SAR, China	$7.3B	-0.9%
157th	Qatar	$8.9B	-73.0%
158th	Norway	$10.2B	-60.7%
159th	Hungary	$10.6B	12.1%
160th	Sweden	$12.4B	-23.7%
161st	Poland	$13.9B	40.5%
162nd	Austria	$14.8B	6.0%
163rd	Czechia	$15.2B	33.8%
164th	Macao SAR, China	$18.3B	6.8%
165th	Denmark	$18.8B	-3.9%
166th	Malaysia	$20.0B	-11.7%
167th	Luxembourg	$21.0B	7.5%
168th	Puerto Rico (US)	$28.4B	7.8%
169th	Japan	$40.3B	263.7%
170th	Spain	$49.3B	35.5%
171st	Thailand	$56.1B	33.9%
172nd	Ireland	$57.0B	-36.5%
173rd	Italy	$59.7B	13.5%
174th	Russian Federation	$66.3B	-39.6%
175th	Switzerland	$69.3B	-5.1%
176th	Singapore	$83.9B	-0.2%
177th	Netherlands	$86.5B	45.6%
178th	United Arab Emirates	$89.9B	0.4%
179th	Korea	$99.9B	-0.9%
180th	China	$255.5B	-28.8%
181st	Germany	$257.0B	1.2%

FAQ

What was Faroe Islands's trade balance in 2016?▾

Faroe Islands's trade balance in 2016 was $127.2M. This ranked 117th globally.

How did Faroe Islands's trade balance change in 2016?▾

Faroe Islands's trade balance increased by 500.8% in 2016 compared to 2015.

Which country had the highest trade balance in 2016?▾

Germany had the highest trade balance in 2016 at $257.0B.

What is the trade balance of Faroe Islands in 2016?▾

The trade balance of Faroe Islands in 2016 was $127.2M. This ranked 117th globally.

How does 2016 compare to 2015 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $21.2M in 2015 to $127.2M in 2016, a 500.8% increase.

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