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Faroe Islands - Trade Balance 2019

Name: Faroe Islands Trade Balance 2019
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$95.3M +$134.8M from 2018 Global rank: 110th

Faroe Islands's trade balance was $95.3M in 2019, increased +$134.8M from $-39.5M in 2018. This was the 110th highest globally.

Global Ranking - 2019▾

Trade Balance by Country - 2019
Rank	Country	Value	YoY
1st	United States	$-577.3B	2.7%
2nd	India	$-73.1B	28.1%
3rd	Philippines	$-45.5B	-11.8%
4th	United Kingdom	$-34.4B	1.0%
5th	Pakistan	$-32.5B	12.8%
6th	Canada	$-25.6B	24.0%
7th	Egypt, Arab Republic of	$-25.0B	4.3%
8th	Bangladesh	$-18.9B	17.8%
9th	Colombia	$-18.8B	-18.8%
10th	France	$-17.7B	34.2%
11th	Japan	$-14.8B	-1,571.9%
12th	Iran, Islamic Republic of	$-13.8B	-225.7%
13th	Ukraine	$-12.4B	-8.4%
14th	Brazil	$-12.1B	-259.9%
15th	Nepal	$-11.5B	-6.0%
16th	Lebanon	$-11.1B	24.1%
17th	Algeria	$-11.0B	-1.2%
18th	Romania	$-10.6B	-24.4%
19th	Morocco	$-10.1B	17.6%
20th	Uzbekistan	$-9.6B	-3.6%
21st	Kenya	$-8.9B	-3.9%
22nd	Guatemala	$-7.9B	-1.5%
23rd	West Bank and Gaza	$-6.5B	-1.2%
24th	Jordan	$-5.8B	25.9%
25th	Mexico	$-5.3B	80.3%
26th	Serbia	$-5.2B	-19.8%
27th	Chile	$-5.2B	-56.6%
28th	Sri Lanka	$-5.1B	21.3%
29th	Indonesia	$-5.0B	55.3%
30th	Mozambique	$-4.9B	3.6%
31st	Honduras	$-4.7B	4.7%
32nd	Tunisia	$-4.4B	20.6%
33rd	El Salvador	$-4.3B	6.2%
34th	Somalia, Fed. Rep.	$-3.8B	-7.0%
35th	Dominican Republic	$-3.8B	-2.8%
36th	Syrian Arab Republic	$-3.6B	19.4%
37th	Haiti	$-3.5B	8.9%
38th	Senegal	$-3.3B	9.1%
39th	Greece	$-3.0B	27.7%
40th	Sudan	$-3.0B	-40.3%
41st	Moldova	$-3.0B	-1.1%
42nd	Bosnia and Herzegovina	$-3.0B	0.2%
43rd	Bolivia, Plurinational State of	$-2.8B	6.7%
44th	Kyrgyz Republic	$-2.6B	12.7%
45th	Tajikistan	$-2.2B	-2.9%
46th	Mali	$-2.2B	-11.6%
47th	Kosovo	$-2.1B	3.6%
48th	Guam	$-2.1B	-2.3%
49th	Albania	$-2.1B	-1.7%
50th	New Caledonia	$-2.0B	-20.5%
51st	Malawi	$-2.0B	-0.7%
52nd	Niger	$-2.0B	-4.7%
53rd	Virgin Islands (US)	$-1.9B	9.8%
54th	Congo, Democratic Republic of	$-1.9B	-10.2%
55th	Uganda	$-1.8B	14.6%
56th	Armenia	$-1.8B	-6.4%
57th	Cambodia	$-1.8B	28.5%
58th	North Macedonia	$-1.7B	-9.7%
59th	Georgia	$-1.6B	13.3%
60th	Botswana	$-1.5B	-974.7%
61st	Rwanda	$-1.5B	-13.4%
62nd	Cameroon	$-1.5B	-17.2%
63rd	French Polynesia	$-1.3B	5.8%
64th	Ghana	$-1.3B	-86.6%
65th	Namibia	$-1.3B	6.9%
66th	Sierra Leone	$-1.2B	-24.5%
67th	Montenegro	$-1.2B	10.8%
68th	Lesotho	$-1.1B	-0.5%
69th	Guinea	$-1.1B	-10.2%
70th	Mauritius	$-1.1B	-10.8%
71st	Mongolia	$-847.0M	35.9%
72nd	Madagascar	$-811.4M	-23.6%
73rd	Mauritania	$-686.2M	42.5%
74th	Benin	$-636.2M	38.5%
75th	Togo	$-596.2M	4.8%
76th	Tanzania	$-576.8M	68.0%
77th	Timor-Leste	$-572.9M	37.5%
78th	Nicaragua	$-563.0M	54.2%
79th	Belarus	$-425.9M	-146.8%
80th	Central African Republic	$-412.2M	-4.4%
81st	Bhutan	$-361.3M	34.5%
82nd	Maldives	$-349.2M	32.7%
83rd	Burkina Faso	$-303.5M	57.0%
84th	Greenland	$-302.9M	-1,042.5%
85th	Gambia, The	$-284.1M	16.0%
86th	Croatia	$-252.7M	52.5%
87th	Northern Mariana Islands	$-233.0M	-145.3%
88th	Cabo Verde	$-229.6M	26.4%
89th	Tonga	$-220.5M	-2.3%
90th	American Samoa	$-215.0M	4.9%
91st	Guinea-Bissau	$-213.6M	-238.0%
92nd	Comoros	$-198.6M	1.9%
93rd	Zimbabwe	$-189.5M	75.0%
94th	Marshall Islands	$-183.7M	-70.3%
95th	Micronesia, Federated States of	$-167.0M	-39.2%
96th	Seychelles	$-162.5M	21.6%
97th	Solomon Islands	$-162.0M	-136.4%
98th	Aruba	$-151.2M	-129.9%
99th	Kiribati	$-148.3M	2.7%
100th	Samoa	$-121.1M	8.1%
101st	Palau	$-109.5M	-18.0%
102nd	Latvia	$-72.1M	56.1%
103rd	Nauru	$-44.0M	-7.5%
104th	Slovak Republic	$-36.4M	-103.1%
105th	Panama	$-210,453	100.0%
106th	Vanuatu	$12.2M	-47.3%
107th	Antigua and Barbuda	$13.7M	114.4%
108th	Ecuador	$15.5M	101.6%
109th	Belize	$38.0M	-33.0%
110th	Faroe Islands	$95.3M	341.2%
111th	Zambia	$112.2M	-58.5%
112th	Eswatini	$133.1M	176.4%
113th	Bahamas, The	$156.0M	173.7%
114th	Cyprus	$265.0M	-26.4%
115th	San Marino	$335.1M	-14.6%
116th	Paraguay	$361.2M	-45.2%
117th	Djibouti	$386.0M	3.2%
118th	Côte d'Ivoire	$398.9M	205.1%
119th	New Zealand	$437.5M	685.4%
120th	Chad	$485.8M	-36.0%
121st	Equatorial Guinea	$839.0M	-58.9%
122nd	Brunei Darussalam	$994.4M	-26.5%
123rd	Estonia	$1.2B	62.5%
124th	Portugal	$1.3B	-14.3%
125th	Iceland	$1.4B	31.7%
126th	Cayman Islands	$1.4B	-0.6%
127th	Cuba	$1.7B	-15.4%
128th	Finland	$1.8B	177.6%
129th	Costa Rica	$1.9B	461.0%
130th	Bermuda	$1.9B	4.9%
131st	South Africa	$2.0B	-4.4%
132nd	Turkmenistan	$2.1B	-41.7%
133rd	Bulgaria	$2.3B	29.6%
134th	Belgium	$2.5B	135.4%
135th	Peru	$2.6B	-33.6%
136th	Malta	$2.6B	-13.2%
137th	Lithuania	$2.9B	187.9%
138th	Congo, Republic of	$2.9B	-17.4%
139th	Hungary	$3.6B	-44.8%
140th	Uruguay	$3.8B	14.3%
141st	Libya	$4.0B	-66.6%
142nd	Bahrain	$4.4B	49.7%
143rd	Slovenia	$4.7B	2.1%
144th	Gabon	$5.0B	-6.7%
145th	Hong Kong SAR, China	$5.7B	832.1%
146th	Azerbaijan	$5.9B	-23.9%
147th	Israel	$6.6B	171.8%
148th	Norway	$9.8B	-65.6%
149th	Angola	$11.0B	-9.6%
150th	Oman	$11.0B	0.6%
151st	Puerto Rico (US)	$14.3B	1.7%
152nd	Argentina	$14.4B	245.4%
153rd	Kazakhstan	$14.6B	-30.7%
154th	Czechia	$15.7B	2.2%
155th	Austria	$15.9B	15.9%
156th	Iraq	$16.6B	-53.7%
157th	Kuwait	$17.5B	6.7%
158th	Viet Nam	$18.8B	44.6%
159th	Ireland	$19.5B	-83.3%
160th	Sweden	$20.3B	150.9%
161st	Denmark	$20.8B	13.4%
162nd	Luxembourg	$21.3B	-8.0%
163rd	Poland	$22.0B	82.6%
164th	Qatar	$25.3B	-31.2%
165th	Türkiye	$27.0B	443.3%
166th	Malaysia	$27.5B	14.2%
167th	Macao SAR, China	$27.5B	1.8%
168th	Australia	$29.7B	3,890.1%
169th	Spain	$41.9B	6.8%
170th	Korea	$46.2B	-39.7%
171st	Thailand	$50.9B	13.6%
172nd	Italy	$64.7B	31.1%
173rd	Saudi Arabia	$66.9B	-36.8%
174th	Switzerland	$70.7B	-7.4%
175th	Netherlands	$92.6B	-5.7%
176th	United Arab Emirates	$98.9B	-16.7%
177th	Singapore	$110.5B	-1.6%
178th	Russian Federation	$129.3B	-22.0%
179th	China	$132.8B	45.1%
180th	Germany	$222.0B	-6.7%

FAQ

What was Faroe Islands's trade balance in 2019?▾

Faroe Islands's trade balance in 2019 was $95.3M. This ranked 110th globally.

How did Faroe Islands's trade balance change in 2019?▾

Faroe Islands's trade balance increased by 341.2% in 2019 compared to 2018.

Which country had the highest trade balance in 2019?▾

Germany had the highest trade balance in 2019 at $222.0B.

What is the trade balance of Faroe Islands in 2019?▾

The trade balance of Faroe Islands in 2019 was $95.3M. This ranked 110th globally.

How does 2019 compare to 2018 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $-39.5M in 2018 to $95.3M in 2019, a 341.2% increase.

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