Faroe Islands - Trade Openness 2018
106.87%
−0.36% from 2017
Faroe Islands's trade openness was 106.87% in 2018, decreased +0.36% from 107.24% in 2017. This was the 134th highest globally.
Global Ranking - 2018▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sudan | 21.87% | 22.6% |
| 2nd | Cuba | 27.08% | 3.3% |
| 3rd | United States | 27.61% | 1.1% |
| 4th | Pakistan | 27.63% | 8.5% |
| 5th | Brazil | 28.88% | 18.7% |
| 6th | Argentina | 30.76% | 21.6% |
| 7th | Bangladesh | 32.51% | 8.4% |
| 8th | Tanzania | 32.64% | -1.4% |
| 9th | Kenya | 34.41% | -4.4% |
| 10th | Colombia | 36.53% | 3.5% |
| 11th | Japan | 36.61% | 6.4% |
| 12th | Uganda | 36.64% | -0.5% |
| 13th | China | 36.89% | -0.2% |
| 14th | Sierra Leone | 37.38% | -10.0% |
| 15th | Niger | 37.54% | -3.9% |
| 16th | Cameroon | 40.59% | 3.5% |
| 17th | Comoros | 43.00% | 7.1% |
| 18th | Indonesia | 43.07% | 9.4% |
| 19th | Australia | 43.57% | 3.7% |
| 20th | Malawi | 43.58% | -3.8% |
| 21st | India | 43.62% | 7.1% |
| 22nd | Haiti | 45.14% | 7.3% |
| 23rd | Egypt, Arab Republic of | 45.91% | 7.2% |
| 24th | Côte d'Ivoire | 46.04% | -5.4% |
| 25th | Chad | 46.74% | 8.0% |
| 26th | Bolivia, Plurinational State of | 46.93% | 3.0% |
| 27th | Guatemala | 47.01% | 2.0% |
| 28th | Uruguay | 47.79% | 3.0% |
| 29th | Ecuador | 48.01% | 10.1% |
| 30th | Nepal | 48.45% | 8.5% |
| 31st | Peru | 48.63% | 2.4% |
| 32nd | Central African Republic | 49.66% | -13.1% |
| 33rd | Sri Lanka | 49.81% | 5.7% |
| 34th | Syrian Arab Republic | 50.66% | -17.0% |
| 35th | Mali | 50.70% | 2.4% |
| 36th | Turkmenistan | 50.90% | -5.0% |
| 37th | Russian Federation | 51.58% | 10.0% |
| 38th | Dominican Republic | 52.34% | 3.1% |
| 39th | Algeria | 52.44% | 5.2% |
| 40th | South Africa | 54.49% | 1.8% |
| 41st | Zimbabwe | 54.55% | -0.9% |
| 42nd | Guinea-Bissau | 55.02% | -3.3% |
| 43rd | New Zealand | 55.77% | 3.0% |
| 44th | Rwanda | 55.78% | 3.9% |
| 45th | Tajikistan | 55.85% | 3.8% |
| 46th | Yemen, Republic of | 56.08% | 30.5% |
| 47th | Iran, Islamic Republic of | 56.62% | 31.2% |
| 48th | Togo | 57.57% | -1.1% |
| 49th | Chile | 58.18% | 3.8% |
| 50th | Israel | 58.74% | 4.4% |
| 51st | Angola | 58.92% | 29.0% |
| 52nd | New Caledonia | 59.10% | 0.3% |
| 53rd | Saudi Arabia | 59.10% | -0.7% |
| 54th | Italy | 59.27% | 2.9% |
| 55th | Burkina Faso | 60.60% | 2.2% |
| 56th | Senegal | 61.79% | 7.1% |
| 57th | Benin | 61.80% | 0.5% |
| 58th | Türkiye | 62.83% | 11.9% |
| 59th | Kazakhstan | 63.53% | 11.8% |
| 60th | Libya | 63.78% | 34.1% |
| 61st | Uzbekistan | 64.14% | 50.7% |
| 62nd | Gambia, The | 64.81% | 16.3% |
| 63rd | Timor-Leste | 64.82% | 10.5% |
| 64th | United Kingdom | 64.91% | 2.7% |
| 65th | French Polynesia | 65.01% | 19.1% |
| 66th | Iraq | 65.80% | 10.1% |
| 67th | Canada | 66.60% | 2.3% |
| 68th | France | 66.80% | 2.2% |
| 69th | Costa Rica | 66.95% | 2.9% |
| 70th | Spain | 67.01% | 1.3% |
| 71st | Madagascar | 67.84% | 3.8% |
| 72nd | Ghana | 67.96% | -3.7% |
| 73rd | Lebanon | 68.26% | -0.3% |
| 74th | Norway | 70.00% | 1.3% |
| 75th | West Bank and Gaza | 71.40% | 4.3% |
| 76th | Paraguay | 72.07% | 1.4% |
| 77th | Bahamas, The | 72.15% | 5.6% |
| 78th | Philippines | 72.16% | 5.9% |
| 79th | Congo, Democratic Republic of | 72.56% | 10.1% |
| 80th | Guam | 72.96% | 5.3% |
| 81st | Somalia, Fed. Rep. | 73.82% | 7.5% |
| 82nd | Korea | 74.71% | 2.1% |
| 83rd | Zambia | 74.89% | 4.6% |
| 84th | El Salvador | 75.63% | 1.8% |
| 85th | Albania | 75.69% | -1.4% |
| 86th | Gabon | 77.04% | 2.6% |
| 87th | Morocco | 77.25% | 4.2% |
| 88th | Bermuda | 77.56% | 7.1% |
| 89th | Samoa | 78.93% | 6.7% |
| 90th | Germany | 79.13% | 2.2% |
| 91st | Finland | 79.14% | 4.2% |
| 92nd | Greece | 79.24% | 11.8% |
| 93rd | Bhutan | 79.74% | 3.8% |
| 94th | Mexico | 80.21% | 4.2% |
| 95th | Namibia | 81.71% | 0.6% |
| 96th | Kiribati | 83.37% | -17.1% |
| 97th | Eswatini | 85.49% | -1.6% |
| 98th | Tonga | 86.10% | -2.2% |
| 99th | Panama | 86.13% | 2.5% |
| 100th | Kosovo | 86.32% | 7.3% |
| 101st | Portugal | 86.74% | 2.3% |
| 102nd | Romania | 87.09% | -0.1% |
| 103rd | Moldova | 87.45% | -1.3% |
| 104th | Botswana | 87.46% | 6.8% |
| 105th | Jordan | 87.64% | -2.3% |
| 106th | Solomon Islands | 88.49% | 7.7% |
| 107th | Iceland | 88.93% | 3.0% |
| 108th | Guinea | 88.98% | -12.1% |
| 109th | Mauritania | 89.15% | 13.1% |
| 110th | Oman | 89.28% | 0.4% |
| 111th | Greenland | 89.78% | 6.6% |
| 112th | Sweden | 90.41% | 5.0% |
| 113th | European Union | 90.43% | 1.9% |
| 114th | Azerbaijan | 91.67% | 1.4% |
| 115th | Qatar | 91.84% | 0.4% |
| 116th | Armenia | 92.47% | 6.0% |
| 117th | Brunei Darussalam | 93.90% | 10.2% |
| 118th | Nicaragua | 93.98% | -2.5% |
| 119th | Bosnia and Herzegovina | 98.43% | 1.8% |
| 120th | Kyrgyz Republic | 98.88% | -1.7% |
| 121st | Croatia | 99.08% | 1.9% |
| 122nd | Ukraine | 99.20% | -4.6% |
| 123rd | Congo, Republic of | 100.58% | 6.3% |
| 124th | Belize | 100.99% | 3.4% |
| 125th | Poland | 102.44% | 1.9% |
| 126th | Kuwait | 102.79% | 5.1% |
| 127th | Honduras | 103.55% | 1.7% |
| 128th | Micronesia, Federated States of | 103.57% | 0.2% |
| 129th | Equatorial Guinea | 103.65% | 1.2% |
| 130th | Tunisia | 103.87% | 8.4% |
| 131st | Serbia | 105.56% | 2.7% |
| 132nd | Cabo Verde | 105.87% | 5.8% |
| 133rd | Puerto Rico (US) | 106.00% | -6.3% |
| 134th | Faroe Islands | 106.87% | -0.3% |
| 135th | Austria | 108.38% | 2.7% |
| 136th | Northern Mariana Islands | 108.76% | -17.2% |
| 137th | Denmark | 108.81% | 4.4% |
| 138th | Georgia | 109.85% | 7.1% |
| 139th | Vanuatu | 110.68% | 4.9% |
| 140th | Montenegro | 111.10% | 4.1% |
| 141st | Macao SAR, China | 116.57% | 1.0% |
| 142nd | Cayman Islands | 117.12% | -0.3% |
| 143rd | Palau | 117.87% | -3.2% |
| 144th | Cambodia | 118.44% | -2.2% |
| 145th | Thailand | 120.84% | 0.0% |
| 146th | Mauritius | 123.54% | -2.7% |
| 147th | Switzerland | 124.43% | 0.7% |
| 148th | Mozambique | 124.61% | 17.8% |
| 149th | Mongolia | 126.36% | 9.0% |
| 150th | Latvia | 128.23% | -0.4% |
| 151st | Marshall Islands | 128.48% | 2.7% |
| 152nd | Bulgaria | 129.17% | -0.4% |
| 153rd | Malaysia | 130.40% | -2.1% |
| 154th | Antigua and Barbuda | 130.66% | 2.3% |
| 155th | North Macedonia | 133.22% | 7.3% |
| 156th | Aruba | 138.82% | 0.1% |
| 157th | Belarus | 139.39% | 4.5% |
| 158th | Nauru | 140.64% | -1.0% |
| 159th | Maldives | 142.49% | 0.4% |
| 160th | Estonia | 143.49% | -0.8% |
| 161st | Bahrain | 144.08% | 5.6% |
| 162nd | Lesotho | 144.43% | -1.3% |
| 163rd | Czechia | 145.14% | -1.8% |
| 164th | Lithuania | 147.20% | 1.6% |
| 165th | Cyprus | 147.62% | -0.3% |
| 166th | United Arab Emirates | 154.75% | -6.5% |
| 167th | Curaçao | 155.27% | 11.1% |
| 168th | Virgin Islands (US) | 159.24% | 1.0% |
| 169th | Slovenia | 162.61% | 2.5% |
| 170th | Hungary | 162.70% | -1.4% |
| 171st | Netherlands | 163.56% | 2.5% |
| 172nd | Viet Nam | 164.66% | 2.3% |
| 173rd | Belgium | 168.28% | 0.8% |
| 174th | American Samoa | 171.83% | 6.4% |
| 175th | Seychelles | 185.71% | -5.9% |
| 176th | Slovak Republic | 188.73% | 1.1% |
| 177th | Ireland | 222.45% | -4.7% |
| 178th | Malta | 228.10% | 7.1% |
| 179th | Djibouti | 300.40% | -1.8% |
| 180th | San Marino | 309.49% | -1.4% |
| 181st | Singapore | 326.60% | 3.1% |
| 182nd | Luxembourg | 361.87% | 2.3% |
| 183rd | Hong Kong SAR, China | 376.89% | 0.0% |
FAQ
What was Faroe Islands's trade openness in 2018?▾
Faroe Islands's trade openness in 2018 was 106.87%. This ranked 134th globally.
How did Faroe Islands's trade openness change in 2018?▾
Faroe Islands's trade openness decreased by 0.3% in 2018 compared to 2017.
Which country had the highest trade openness in 2018?▾
Hong Kong SAR, China had the highest trade openness in 2018 at 376.89%.
What is the trade openness of Faroe Islands in 2018?▾
The trade openness of Faroe Islands in 2018 was 106.87%. This ranked 134th globally.
How does 2018 compare to 2017 for Faroe Islands's trade openness?▾
Faroe Islands's trade openness went from 107.24% in 2017 to 106.87% in 2018, a 0.3% decrease.
Related
2017
2019
All years
Full ranking 2018
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2022
Lowest: 1993
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
Highest ever
Lowest ever
Average
vs Channel Islands
vs Macao SAR, China
vs Netherlands
vs Denmark
Global Ranking