Faroe Islands recorded a trade deficit of 126583.10 DKK Thousand in August of 2021. source: Statistics Faroe Islands

Balance Of Trade in Faroe Islands averaged 7659.87 DKK Thousand from 1993 until 2021, reaching an all time high of 432423.10 DKK Thousand in October of 2019 and a record low of -696546.90 DKK Thousand in June of 2012. This page provides - Faroe Islands Balance Of Trade- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Balance Of Trade - values, historical data and charts - was last updated on December of 2021.

Balance Of Trade in Faroe Islands is expected to be 86370.87 DKK Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Faroe Islands Balance Of Trade is projected to trend around 86407.84 DKK Thousand in 2022, according to our econometric models.

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Faroe Islands Balance Of Trade


Related Last Previous Unit Reference
Imports 828278.60 666446.40 DKK Thousand Aug/21
Exports 701695.50 835749.60 DKK Thousand Aug/21
Balance Of Trade -126583.10 169303.20 DKK Thousand Aug/21
Faroe Islands Balance Of Trade
In 2017, the Faroe Islands trade surplus widened by 2.4 percent from the previous year to DKK 1,491 million, the largest trade surplus on record. Exports rose by 7.4 percent to an all-time high of DKK 8,650 million and imports increased by 10 percent to a record DKK 7,257 million, the biggest gain since 2012. The largest trade surpluses were recorded with Russia, the US, the UK, the Netherlands, Italy and Spain, while the biggest trade deficits were recorded with Denmark, Norway, Sweden, Iceland, Finland and Belgium.