Dynamics of US trade with Faroe Islands from 2013 to 2018

Published or Updated: Mar 09, 2020

The dynamics of US trade in goods with Faroe Islands from 2013 to 2018: turnover, exports, imports, balance, rank, share, products.

Dynamics of US foreign trade with Faroe Islands from 2013 to 2018 (in million US dollars)
2013 2014 2015 2016 2017 2018
Turnover 171 194 139 176 155 142
Exports 2 2 2 3 2 2
Imports 169 191 137 174 153 140
Balance -166 -189 -135 -171 -151 -138
Dynamics of the rank and share of Faroe Islands in US foreign trade from 2013 to 2018
2013 2014 2015 2016 2017 2018
Rank in US trade 151 147 151 146 151 154
Share in US trade, % 0.004 0.005 0.004 0.005 0.004 0.003
Rank in US exports 205 208 205 201 206 204
Share in US exports, % 0.000 0.000 0.000 0.000 0.000 0.000
Rank in US import 114 113 118 109 112 116
Share in US imports, % 0.007 0.008 0.006 0.008 0.006 0.005
Dynamics of the structure of US exports to Faroe Islands by product types from 2013 to 2018 (percent of total exports)
Рroduct type 2013 2014 2015 2016 2017 2018
Food products and agricultural raw materials (HS codes 01-24) 3.7 1.5 0.0 0.0 0.0 0.0
Mineral products (HS codes 25-27) 0.0 0.0 0.0 0.0 0.0 0.0
Chemical products (HS codes 28-40) 33.8 47.8 31.3 29.1 65.2 54.9
Wood and wood products (HS codes 44-49) 12.2 4.4 2.9 1.7 3.0 7.0
Textiles, textile products and footwear (HS codes 50-67) 2.9 0.0 0.7 0.0 0.0 0.2
Precious metals and stones (HS code 71) 0.0 0.0 0.0 0.1 0.0 0.2
Metals and products from them (HS codes 72-83) 5.4 1.5 0.0 4.6 0.2 0.1
Machinery, equipment and vehicles (HS codes 84-90) 29.4 40.0 59.0 52.4 28.1 31.5
Dynamics of the structure of US imports from Faroe Islands by product types from 2013 to 2018 (percent of total imports)
Рroduct type 2013 2014 2015 2016 2017 2018
Food products and agricultural raw materials (HS codes 01-24) 99.6 99.6 95.5 99.3 98.8 99.3
Mineral products (HS codes 25-27) 0.0 0.0 0.0 0.0 0.0 0.0
Chemical products (HS codes 28-40) 0.0 0.1 0.0 0.0 0.1 0.0
Wood and wood products (HS codes 44-49) 0.0 0.0 0.0 0.0 0.0 0.0
Textiles, textile products and footwear (HS codes 50-67) 0.0 0.1 0.1 0.1 0.0 0.0
Precious metals and stones (HS code 71) 0.0 0.0 0.0 0.0 0.0 0.0
Metals and products from them (HS codes 72-83) 0.0 0.0 0.0 0.0 0.0 0.0
Machinery, equipment and vehicles (HS codes 84-90) 0.3 0.2 4.2 0.5 0.7 0.2
Dynamics of US exports to Faroe Islands from 2013 to 2018 by product groups (in million US dollars)
HS
code
Name of product group 2013 2014 2015 2016 2017 2018
03 Fish and crustaceans, molluscs and other aquatic invertebrates​ 0.1 0.0 0 0 0 0
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0 0 0 0.1 0 0
29 Organic chemicals 0 0.2 0.3 0 0.2 1.0
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 0.8 1.0 0.4 0.7 0.9 0.3
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 0 0 0.1 0.0 0.0 0.0
38 Miscellaneous chemical products 0 0 0 0 0.3 0
44 Wood and articles of wood; wood charcoal​ 0.3 0 0 0 0 0
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard​ 0.0 0.1 0.1 0.0 0.1 0.2
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0.0 0.1 0 0 0 0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.1 0 0.0 0 0 0
73 Articles of iron or steel 0.0 0.0 0 0.1 0 0
79 Zinc and articles thereof 0.1 0 0 0 0 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof​ 0.1 0.3 0.4 0.6 0.1 0.2
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 0.1 0.2 0.2 0.1 0.2 0.2
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 0.1 0.0 0.3 0.2 0 0
88 Aircraft, spacecraft and parts thereof​ 0.1 0.2 0.1 0.1 0 0.0
89 Ships, boats and floating structures 0.0 0.0 0.1 0 0 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.2 0.2 0.3 0.4 0.3 0.4
95 Toys, games and sports requisites; parts and accessories thereof 0.1 0.0 0.0 0.0 0 0.0
97 Works of art, collectors’ pieces and antiques 0.1 0 0.0 0 0 0
99 Commodities not specified according to kind 0.1 0.1 0.1 0.3 0.0 0.1
Dynamics of US imports from Faroe Islands from 2013 to 2018 by product groups (in million US dollars)
HS
code
Name of product group 2013 2014 2015 2016 2017 2018
03 Fish and crustaceans, molluscs and other aquatic invertebrates​ 167.9 190.3 130.2 172.4 151.0 138.5
05 Products of animal origin, not elsewhere specified or included 0 0.1 0.5 0.2 0.4 0.6
30 Pharmaceutical products 0 0 0 0 0.1 0
38 Miscellaneous chemical products 0 0.1 0 0 0 0.0
42 Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) 0 0 0 0 0.1 0
61 Articles of apparel and clothing accessories, knitted or crocheted​​ 0 0.1 0.0 0 0.0 0.0
64 Footwear, gaiters and the like; parts of such articles 0 0 0.1 0.1 0 0
73 Articles of iron or steel 0 0 0 0 0.1 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof​ 0.3 0.0 1.7 0.2 0.3 0.1
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 0.3 0.4 4.0 0.7 0.6 0.1
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0.0 0.0 0 0 0.1 0.1
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 0.0 0 0.0 0.1 0.0 0
97 Works of art, collectors’ pieces and antiques 0 0 0 0.0 0 0.1
99 Commodities not specified according to kind 0.0 0.1 0.2 0.1 0.5 0.5
Compiled by «US-EXPORT–IMPORT» based on the statistics of the US Department of Commerce