The statistic shows the trade balance of goods of the Faroe Islands from 2007 to 2017. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2017, the trade surplus of the Faroe Islands amounted to around 0.24 billion U.S. dollars.
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Faroe Islands: Trade balance of goods from 2007 to 2017
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This statistic has been calculated by Statista using data from the World Trade Organization. The trade balance is the value of goods exports minus the value of goods imported. A positive value indicates a trade surplus, a negative value a trade deficit.
The values have been rounded to provide a better understanding of the statistic.
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WTO, & Statista. (April 15, 2019). Faroe Islands: Trade balance of goods from 2007 to 2017 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 13, 2025, from https://www.statista.com/statistics/510415/trade-balance-of-faroe-islands/
WTO, und Statista. "Faroe Islands: Trade balance of goods from 2007 to 2017 (in billion U.S. dollars)." Chart. April 15, 2019. Statista. Accessed May 13, 2025. https://www.statista.com/statistics/510415/trade-balance-of-faroe-islands/
WTO, Statista. (2019). Faroe Islands: Trade balance of goods from 2007 to 2017 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 13, 2025. https://www.statista.com/statistics/510415/trade-balance-of-faroe-islands/
WTO, and Statista. "Faroe Islands: Trade Balance of Goods from 2007 to 2017 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Apr 2019, https://www.statista.com/statistics/510415/trade-balance-of-faroe-islands/
WTO & Statista, Faroe Islands: Trade balance of goods from 2007 to 2017 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/510415/trade-balance-of-faroe-islands/ (last visited May 13, 2025)
Faroe Islands: Trade balance of goods from 2007 to 2017 (in billion U.S. dollars) [Graph], WTO, & Statista, April 15, 2019. [Online]. Available: https://www.statista.com/statistics/510415/trade-balance-of-faroe-islands/
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