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Faroe Islands - Trade Balance 2020

Name: Faroe Islands Trade Balance 2020
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$-44.7M −$140.0M from 2019 Global rank: 110th

Faroe Islands's trade balance was $-44.7M in 2020, decreased +$140.0M from $95.3M in 2019. This was the 110th highest globally.

Global Ranking - 2020▾

Trade Balance by Country - 2020
Rank	Country	Value	YoY
1st	United States	$-626.2B	-8.5%
2nd	France	$-45.7B	-158.1%
3rd	Canada	$-36.6B	-43.1%
4th	Philippines	$-28.1B	38.3%
5th	Egypt, Arab Republic of	$-27.6B	-10.4%
6th	Pakistan	$-24.4B	24.9%
7th	Türkiye	$-21.3B	-179.0%
8th	Bangladesh	$-20.1B	-6.4%
9th	Iran, Islamic Republic of	$-20.0B	-44.7%
10th	Colombia	$-19.0B	-0.8%
11th	Algeria	$-15.4B	-39.6%
12th	Greece	$-14.1B	-364.4%
13th	Japan	$-13.6B	8.3%
14th	Romania	$-11.1B	-4.6%
15th	India	$-10.5B	85.6%
16th	Nepal	$-9.1B	20.7%
17th	Morocco	$-8.8B	12.6%
18th	Uzbekistan	$-8.1B	15.4%
19th	Jordan	$-8.0B	-37.7%
20th	Kenya	$-7.6B	15.3%
21st	Guatemala	$-6.6B	17.3%
22nd	West Bank and Gaza	$-5.7B	12.6%
23rd	Dominican Republic	$-5.6B	-47.6%
24th	Lebanon	$-5.5B	50.5%
25th	Sri Lanka	$-5.2B	-1.2%
26th	Afghanistan	$-5.2B	-5,062.3%
27th	Mozambique	$-4.9B	-0.6%
28th	Libya	$-4.8B	-221.3%
29th	Portugal	$-4.6B	-456.7%
30th	Senegal	$-4.6B	-37.0%
31st	Serbia	$-4.5B	12.8%
32nd	El Salvador	$-4.3B	0.0%
33rd	Somalia, Fed. Rep.	$-4.2B	-9.2%
34th	Iraq	$-4.1B	-124.4%
35th	Croatia	$-4.0B	-1,503.0%
36th	Honduras	$-3.8B	19.8%
37th	Tunisia	$-3.5B	18.8%
38th	Norway	$-3.4B	-135.2%
39th	Haiti	$-3.2B	8.9%
40th	Guinea	$-3.1B	-174.6%
41st	Georgia	$-3.1B	-88.3%
42nd	Guam	$-3.0B	-41.1%
43rd	Moldova	$-2.7B	8.8%
44th	Bosnia and Herzegovina	$-2.7B	8.8%
45th	Kosovo	$-2.5B	-16.0%
46th	Ghana	$-2.5B	-87.5%
47th	Ukraine	$-2.4B	80.9%
48th	Uganda	$-2.3B	-27.6%
49th	Botswana	$-2.3B	-51.3%
50th	Malawi	$-2.2B	-11.2%
51st	Niger	$-2.2B	-9.7%
52nd	Albania	$-2.2B	-4.5%
53rd	Syrian Arab Republic	$-2.1B	41.8%
54th	New Caledonia	$-1.7B	14.4%
55th	Tajikistan	$-1.7B	20.7%
56th	Rwanda	$-1.7B	-13.5%
57th	Montenegro	$-1.7B	-42.5%
58th	Kyrgyz Republic	$-1.6B	36.3%
59th	Bolivia, Plurinational State of	$-1.6B	43.2%
60th	North Macedonia	$-1.6B	9.5%
61st	Virgin Islands (US)	$-1.6B	16.6%
62nd	French Polynesia	$-1.5B	-12.3%
63rd	Cameroon	$-1.3B	8.7%
64th	Armenia	$-1.3B	30.5%
65th	New Zealand	$-1.2B	-383.9%
66th	Mauritius	$-1.2B	-13.3%
67th	Mali	$-1.2B	44.8%
68th	Madagascar	$-1.1B	-40.4%
69th	Lesotho	$-1.1B	6.8%
70th	Namibia	$-1.0B	20.0%
71st	Benin	$-798.2M	-25.5%
72nd	Cambodia	$-787.5M	55.7%
73rd	Zimbabwe	$-740.7M	-290.8%
74th	Sierra Leone	$-724.5M	38.9%
75th	Bahamas, The	$-712.3M	-556.6%
76th	Togo	$-668.2M	-12.1%
77th	Maldives	$-663.8M	-90.1%
78th	Nicaragua	$-654.9M	-16.3%
79th	Tanzania	$-631.1M	-9.4%
80th	Congo, Democratic Republic of	$-624.5M	66.5%
81st	Gambia, The	$-510.7M	-79.7%
82nd	Cabo Verde	$-506.5M	-120.7%
83rd	Central African Republic	$-446.2M	-8.3%
84th	Northern Mariana Islands	$-428.0M	-83.7%
85th	Bhutan	$-385.8M	-6.8%
86th	Aruba	$-384.8M	-154.5%
87th	Cyprus	$-351.2M	-232.5%
88th	Estonia	$-344.8M	-129.3%
89th	Greenland	$-331.5M	-9.4%
90th	Azerbaijan	$-329.1M	-105.6%
91st	Mauritania	$-327.5M	52.3%
92nd	Vanuatu	$-299.8M	-2,548.3%
93rd	Seychelles	$-281.9M	-73.5%
94th	Comoros	$-272.8M	-37.4%
95th	American Samoa	$-259.0M	-20.5%
96th	Timor-Leste	$-246.9M	56.9%
97th	Tonga	$-215.0M	2.5%
98th	Guinea-Bissau	$-203.7M	4.6%
99th	Micronesia, Federated States of	$-189.0M	-13.2%
100th	Samoa	$-165.9M	-37.0%
101st	Palau	$-149.7M	-36.6%
102nd	Antigua and Barbuda	$-148.5M	-1,186.4%
103rd	Belize	$-130.4M	-443.1%
104th	Kiribati	$-127.2M	14.3%
105th	Turkmenistan	$-124.0M	-105.9%
106th	Marshall Islands	$-89.1M	51.5%
107th	Iceland	$-83.2M	-105.9%
108th	Solomon Islands	$-66.7M	58.8%
109th	Nauru	$-59.6M	-35.6%
110th	Faroe Islands	$-44.7M	-147.0%
111th	Macao SAR, China	$-26.4M	-100.1%
112th	Côte d'Ivoire	$27.9M	-93.0%
113th	Sudan	$79.9M	102.7%
114th	Eswatini	$132.0M	-0.8%
115th	Djibouti	$268.0M	-30.6%
116th	Chad	$288.3M	-40.6%
117th	Mongolia	$330.4M	139.0%
118th	San Marino	$370.7M	10.6%
119th	Equatorial Guinea	$372.3M	-55.6%
120th	Latvia	$479.1M	764.1%
121st	Burkina Faso	$498.8M	264.3%
122nd	Brunei Darussalam	$530.8M	-46.6%
123rd	Finland	$659.0M	-63.3%
124th	Saudi Arabia	$664.0M	-99.0%
125th	Cuba	$702.0M	-57.7%
126th	Cayman Islands	$780.1M	-45.5%
127th	Slovak Republic	$1.1B	3,240.6%
128th	Paraguay	$1.3B	270.9%
129th	Congo, Republic of	$1.4B	-52.2%
130th	Oman	$1.7B	-84.6%
131st	Bermuda	$1.7B	-10.3%
132nd	Bulgaria	$1.8B	-22.2%
133rd	Belarus	$1.9B	545.3%
134th	Bahrain	$2.0B	-55.2%
135th	Panama	$2.2B	1,040,625.3%
136th	Costa Rica	$2.3B	23.1%
137th	Ecuador	$2.5B	15,828.0%
138th	Uruguay	$2.5B	-34.1%
139th	Zambia	$2.6B	2,201.8%
140th	Hungary	$2.6B	-28.2%
141st	Malta	$2.9B	10.3%
142nd	Peru	$3.6B	38.1%
143rd	Gabon	$3.8B	-22.5%
144th	Slovenia	$4.8B	2.7%
145th	Angola	$5.2B	-52.8%
146th	Lithuania	$5.2B	79.6%
147th	Kuwait	$6.0B	-65.7%
148th	Hong Kong SAR, China	$6.7B	17.6%
149th	Kazakhstan	$6.9B	-52.7%
150th	Belgium	$7.6B	203.5%
151st	Brazil	$8.9B	174.0%
152nd	Chile	$11.4B	319.5%
153rd	Argentina	$11.6B	-19.5%
154th	Qatar	$11.9B	-53.0%
155th	Israel	$12.8B	94.7%
156th	Austria	$14.7B	-7.6%
157th	South Africa	$14.8B	653.1%
158th	Czechia	$16.9B	8.2%
159th	Puerto Rico (US)	$17.7B	24.1%
160th	Indonesia	$17.9B	459.7%
161st	Mexico	$18.1B	445.0%
162nd	Viet Nam	$19.1B	1.9%
163rd	Spain	$19.6B	-53.3%
164th	Denmark	$20.1B	-3.4%
165th	United Kingdom	$20.1B	158.3%
166th	Malaysia	$21.5B	-21.8%
167th	Sweden	$22.3B	9.9%
168th	Luxembourg	$24.5B	15.1%
169th	Thailand	$26.0B	-48.9%
170th	Poland	$34.0B	54.7%
171st	Australia	$45.0B	51.6%
172nd	Switzerland	$47.5B	-32.8%
173rd	United Arab Emirates	$53.0B	-46.3%
174th	Korea	$64.3B	39.3%
175th	Italy	$67.0B	3.5%
176th	Russian Federation	$75.8B	-41.4%
177th	Ireland	$90.9B	365.3%
178th	Netherlands	$95.6B	3.3%
179th	Singapore	$110.1B	-0.4%
180th	Germany	$209.1B	-5.8%
181st	China	$355.1B	167.5%

FAQ

What was Faroe Islands's trade balance in 2020?▾

Faroe Islands's trade balance in 2020 was $-44.7M. This ranked 110th globally.

How did Faroe Islands's trade balance change in 2020?▾

Faroe Islands's trade balance decreased by 147.0% in 2020 compared to 2019.

Which country had the highest trade balance in 2020?▾

China had the highest trade balance in 2020 at $355.1B.

What is the trade balance of Faroe Islands in 2020?▾

The trade balance of Faroe Islands in 2020 was $-44.7M. This ranked 110th globally.

How does 2020 compare to 2019 for Faroe Islands's trade balance?▾

Faroe Islands's trade balance went from $95.3M in 2019 to $-44.7M in 2020, a 147.0% decrease.

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