Faroe Islands recorded a trade deficit of 48479.10 DKK Thousand in July of 2020. source: Statistics Faroe Islands

Balance Of Trade in Faroe Islands averaged 7361.36 DKK Thousand from 1993 until 2020, 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 November of 2020.

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. Looking forward, we estimate Balance Of Trade in Faroe Islands to stand at 86404.36 in 12 months time. In the long-term, the Faroe Islands Balance Of Trade is projected to trend around 86407.84 DKK Thousand in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Faroe Islands Balance Of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-48479.10 -36633.70 432423.10 -696546.90 1993 - 2020 DKK Thousand Monthly
Current Prices, NSA

Faroe Islands Trade Last Previous Highest Lowest Unit
Exports 558475.20 602395.30 1167158.20 117046.60 DKK Thousand [+]
Imports 606954.30 639029.00 1126326.40 94548.60 DKK Thousand [+]
Balance Of Trade -48479.10 -36633.70 432423.10 -696546.90 DKK Thousand [+]


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.