Faroe Islands - Trade Openness 2025
117.00%
+11.25% from 2024
Faroe Islands's trade openness was 117.00% in 2025, increased +11.25% from 105.75% in 2024. This was the 56th highest globally.
Global Ranking - 2025▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | San Marino | 386.40% | 13.3% |
| 2nd | Luxembourg | 374.75% | 6.7% |
| 3rd | Hong Kong SAR, China | 360.57% | 0.3% |
| 4th | Singapore | 321.48% | -0.3% |
| 5th | Djibouti | 279.75% | 16.0% |
| 6th | Ireland | 237.70% | -3.4% |
| 7th | Virgin Islands (US) | 221.66% | 7.8% |
| 8th | Malta | 215.14% | -1.4% |
| 9th | United Arab Emirates | 212.52% | 6.8% |
| 10th | Cyprus | 206.89% | 8.7% |
| 11th | Seychelles | 199.30% | 5.8% |
| 12th | Slovak Republic | 183.27% | 7.0% |
| 13th | Libya | 177.22% | 37.6% |
| 14th | Aruba | 176.85% | 10.3% |
| 15th | Viet Nam | 174.16% | 0.2% |
| 16th | Nauru | 173.05% | 4.3% |
| 17th | Maldives | 172.30% | 10.1% |
| 18th | Bahrain | 168.84% | 7.0% |
| 19th | Belgium | 167.79% | 5.6% |
| 20th | Slovenia | 166.74% | 7.1% |
| 21st | Armenia | 166.56% | 11.0% |
| 22nd | Netherlands | 165.19% | 7.4% |
| 23rd | Cuba | 164.65% | 31.9% |
| 24th | Estonia | 162.26% | 7.4% |
| 25th | Mauritius | 157.56% | 8.3% |
| 26th | Hungary | 155.67% | 6.3% |
| 27th | Lithuania | 154.29% | 7.9% |
| 28th | Macao SAR, China | 154.17% | 8.5% |
| 29th | Kyrgyz Republic | 153.44% | 20.2% |
| 30th | Mongolia | 152.41% | 10.1% |
| 31st | North Macedonia | 150.22% | 10.2% |
| 32nd | Thailand | 149.54% | 9.4% |
| 33rd | Cambodia | 147.58% | 2.9% |
| 34th | Malaysia | 145.35% | 5.8% |
| 35th | Brunei Darussalam | 145.07% | 9.4% |
| 36th | Denmark | 143.62% | 9.0% |
| 37th | Latvia | 142.38% | 7.6% |
| 38th | Lesotho | 142.25% | 0.5% |
| 39th | Lebanon | 141.09% | 35.4% |
| 40th | Switzerland | 140.92% | 5.1% |
| 41st | Somalia, Fed. Rep. | 135.78% | 4.2% |
| 42nd | Czechia | 134.69% | 2.4% |
| 43rd | Belarus | 134.16% | 1.7% |
| 44th | Marshall Islands | 128.83% | 4.1% |
| 45th | Kosovo | 127.90% | 12.4% |
| 46th | Montenegro | 125.73% | 14.4% |
| 47th | Namibia | 123.82% | 12.9% |
| 48th | Solomon Islands | 123.79% | 11.2% |
| 49th | Serbia | 121.64% | 8.9% |
| 50th | Tunisia | 121.23% | 14.0% |
| 51st | Oman | 119.91% | 4.4% |
| 52nd | Bulgaria | 119.61% | 8.5% |
| 53rd | Belize | 119.39% | 9.6% |
| 54th | Austria | 118.27% | 8.7% |
| 55th | Sweden | 117.04% | 10.5% |
| 56th | Faroe Islands | 117.00% | 10.6% |
| 57th | Croatia | 116.60% | 11.1% |
| 58th | Jordan | 116.28% | 16.7% |
| 59th | Kiribati | 112.45% | 4.5% |
| 60th | Georgia | 111.96% | 8.2% |
| 61st | Eswatini | 111.76% | 4.0% |
| 62nd | Poland | 109.11% | 8.7% |
| 63rd | Congo, Democratic Republic of | 109.03% | 8.4% |
| 64th | Nicaragua | 108.34% | 10.0% |
| 65th | Congo, Republic of | 106.01% | 13.8% |
| 66th | Mozambique | 105.44% | 10.2% |
| 67th | Morocco | 105.40% | 14.3% |
| 68th | Bosnia and Herzegovina | 105.30% | 10.7% |
| 69th | Cabo Verde | 105.02% | 8.8% |
| 70th | Micronesia, Federated States of | 103.06% | 4.7% |
| 71st | Greece | 102.76% | 14.5% |
| 72nd | Qatar | 102.72% | 2.5% |
| 73rd | Gabon | 101.21% | 10.0% |
| 74th | Moldova | 99.80% | 12.6% |
| 75th | Portugal | 99.41% | 10.8% |
| 76th | Honduras | 99.29% | 9.0% |
| 77th | European Union | 99.02% | 8.0% |
| 78th | Mauritania | 97.83% | 4.5% |
| 79th | Timor-Leste | 96.65% | 1.3% |
| 80th | Palau | 96.10% | -9.9% |
| 81st | Iceland | 96.00% | 11.7% |
| 82nd | Kuwait | 95.62% | -0.5% |
| 83rd | Puerto Rico (US) | 95.10% | 0.5% |
| 84th | Panama | 94.32% | 12.7% |
| 85th | Korea | 93.21% | 10.1% |
| 86th | Greenland | 92.80% | 1.0% |
| 87th | American Samoa | 91.82% | -26.4% |
| 88th | Finland | 91.61% | 9.8% |
| 89th | El Salvador | 91.56% | 8.1% |
| 90th | Albania | 90.31% | 13.7% |
| 91st | Afghanistan | 89.08% | 31.8% |
| 92nd | Bahamas, The | 88.90% | 12.2% |
| 93rd | Azerbaijan | 88.88% | 7.5% |
| 94th | Bhutan | 88.56% | 8.3% |
| 95th | Norway | 88.53% | 8.8% |
| 96th | Guinea | 87.14% | -10.9% |
| 97th | West Bank and Gaza | 87.07% | 7.1% |
| 98th | Paraguay | 85.34% | 11.1% |
| 99th | Antigua and Barbuda | 85.07% | -27.7% |
| 100th | Germany | 84.85% | 7.3% |
| 101st | Romania | 82.20% | 6.5% |
| 102nd | Samoa | 79.24% | -0.4% |
| 103rd | Costa Rica | 78.61% | 10.2% |
| 104th | Ukraine | 78.50% | 1.0% |
| 105th | French Polynesia | 77.69% | 20.5% |
| 106th | Bermuda | 77.25% | 2.6% |
| 107th | Spain | 77.12% | 10.3% |
| 108th | Iraq | 75.80% | 7.2% |
| 109th | Senegal | 75.17% | 10.3% |
| 110th | Mexico | 75.17% | 0.8% |
| 111th | France | 75.08% | 10.2% |
| 112th | Tajikistan | 74.48% | 13.5% |
| 113th | Rwanda | 73.14% | 4.6% |
| 114th | Philippines | 71.29% | 8.2% |
| 115th | Italy | 69.61% | 10.8% |
| 116th | South Africa | 69.23% | 12.3% |
| 117th | Ghana | 69.15% | -0.9% |
| 118th | Botswana | 68.47% | -3.7% |
| 119th | Canada | 68.21% | 4.7% |
| 120th | United Kingdom | 67.09% | 6.8% |
| 121st | Chile | 66.73% | 4.5% |
| 122nd | Tonga | 66.21% | -16.8% |
| 123rd | Uzbekistan | 66.04% | 8.7% |
| 124th | Northern Mariana Islands | 64.37% | -30.9% |
| 125th | Ecuador | 63.72% | 11.4% |
| 126th | Madagascar | 63.53% | 15.6% |
| 127th | Burkina Faso | 62.93% | 4.0% |
| 128th | Zambia | 62.70% | 0.3% |
| 129th | Kazakhstan | 61.89% | 8.3% |
| 130th | Togo | 61.41% | -0.3% |
| 131st | Türkiye | 61.38% | 12.4% |
| 132nd | Guam | 60.47% | -15.9% |
| 133rd | Israel | 58.70% | 7.8% |
| 134th | Saudi Arabia | 58.09% | 6.2% |
| 135th | Equatorial Guinea | 56.65% | -6.4% |
| 136th | Niger | 55.87% | 11.8% |
| 137th | Uruguay | 55.71% | 6.2% |
| 138th | Peru | 54.79% | 6.4% |
| 139th | Côte d'Ivoire | 54.70% | 6.7% |
| 140th | New Zealand | 54.43% | 6.3% |
| 141st | Iran, Islamic Republic of | 54.31% | 4.3% |
| 142nd | Dominican Republic | 54.14% | 4.5% |
| 143rd | Bolivia, Plurinational State of | 54.12% | 15.2% |
| 144th | Mali | 52.91% | 6.0% |
| 145th | Japan | 52.86% | 13.9% |
| 146th | Sierra Leone | 52.63% | 29.8% |
| 147th | Guatemala | 51.53% | 8.8% |
| 148th | Comoros | 50.72% | 14.3% |
| 149th | Chad | 50.69% | 5.9% |
| 150th | Angola | 50.35% | -1.0% |
| 151st | Australia | 49.56% | 5.1% |
| 152nd | India | 48.59% | 8.8% |
| 153rd | Indonesia | 46.61% | 9.5% |
| 154th | Sri Lanka | 46.06% | 8.6% |
| 155th | Tanzania | 45.14% | 8.7% |
| 156th | Kenya | 45.10% | 12.2% |
| 157th | Zimbabwe | 43.87% | 5.7% |
| 158th | Central African Republic | 43.71% | -5.9% |
| 159th | Egypt, Arab Republic of | 43.47% | 9.8% |
| 160th | Algeria | 43.38% | 8.1% |
| 161st | Malawi | 42.80% | 0.9% |
| 162nd | Nepal | 42.33% | 4.4% |
| 163rd | Colombia | 41.84% | 13.0% |
| 164th | New Caledonia | 41.47% | 2.7% |
| 165th | Syrian Arab Republic | 41.42% | 16.3% |
| 166th | Benin | 40.98% | 0.8% |
| 167th | Gambia, The | 39.49% | -6.3% |
| 168th | Guinea-Bissau | 38.80% | 0.0% |
| 169th | Uganda | 38.72% | -9.2% |
| 170th | China | 38.03% | 2.2% |
| 171st | Cameroon | 37.56% | 9.2% |
| 172nd | Russian Federation | 37.13% | -6.0% |
| 173rd | Brazil | 36.38% | 2.2% |
| 174th | Bangladesh | 30.39% | 13.5% |
| 175th | Turkmenistan | 29.83% | 3.8% |
| 176th | Pakistan | 29.51% | 7.0% |
| 177th | Argentina | 26.61% | -4.7% |
| 178th | United States | 26.49% | 4.4% |
| 179th | Haiti | 21.83% | -1.9% |
| 180th | Vanuatu | 13.91% | -78.1% |
| 181st | Sudan | -1.02% | -151.2% |
FAQ
What was Faroe Islands's trade openness in 2025?▾
Faroe Islands's trade openness in 2025 was 117.00%. This ranked 56th globally.
How did Faroe Islands's trade openness change in 2025?▾
Faroe Islands's trade openness increased by 10.6% in 2025 compared to 2024.
Which country had the highest trade openness in 2025?▾
San Marino had the highest trade openness in 2025 at 386.40%.
What is the trade openness of Faroe Islands in 2025?▾
The trade openness of Faroe Islands in 2025 was 117.00%. This ranked 56th globally.
How does 2025 compare to 2024 for Faroe Islands's trade openness?▾
Faroe Islands's trade openness went from 105.75% in 2024 to 117.00% in 2025, a 10.6% increase.
Related
2024
All years
Full ranking 2025
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