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Weather and precipitation levels vary greatly from island to island, with most rainfall in the north. Average temperature Tórshavn (2019): 7.1°C (max. 19.1°C, min. -5.3°C) Normal precipitation Tórshavn (1981-2010): 1,321 mm 2021-04-13 · The Faroe Islands have bilateral free trade agreements with the EU, Iceland, Norway, Switzerland, and Turkey. For the first time in 8 years, the Faroe Islands managed to generate a public budget surplus in 2016, a trend which continued in 2017. The local government intends to use this to reduce public debt, which reached 38% of GDP in 2015. Foreigners shall, on entering the Faroe Islands for a stay no longer than 3 months, provide valid travel identification and have the required means for the stay and for the return journey.

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Faroe Islands Exports: ICT Goods data is updated yearly, averaging 60.311 USD th from Dec 2006 to 2009, with 4 observations. The Faroe Islands have a small open economy, which is largely dependent on areas of expertise that are related to the ocean and associated fields of knowledge. The work being done within the fields of fisheries, shipping, aquaculture, marine biology, navigation, oceanography and biotech is continuously ground-breaking and serves to sustain the Faroese economy. Faroe Islands with World Source World Trade Organization EU27 with Faroe Islands Source Eurostat exports Billions of euros 0.5 0.7 0.7 0.8 0.9 13.3 Today, the Faroe Islands have a well-developed public sector and offer tax-financed public healthcare and education. The Faroe Islands have become a significant player in the global market for fish.

6 Oct 2020 The Faroe Islands maintain a large fish export to Russia and are dependent on this market because they cannot sell their fish in EU markets.

Nordic Statistical Yearbook Nordisk statistisk årsbok

The Faroe Islands: Exports of goods and services as percent of GDP: For that indicator, we provide data for the Faroe Islands from 1998 to 2015. The average value for the Faroe Islands during that period was 46.73 percent with a minimum of 41.52 percent in 2009 and a maximum of 53.53 percent in 2013.

Faroe islands exports

Postal Explorer - USPS

Faroe islands exports

For the first time in 8 years, the Faroe Islands managed to generate a public budget surplus in 2016, a trend which continued in 2017.

Faroe islands exports

18.6. GDP per capita, PPP-euro. 32 375. Unemployment rate, per cent. 7.2. Norway, Sweden, and the Faroe Islands, Greenland, and Åland.
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Faroe islands exports

Total exports just below DKK 8 billion | Statistics Faroe Islands +298 352800 Fishery is and has been for many decades the main industry in the Faroe Islands. Fishery products, including farmed salmon, represent more than 95% of the total Faroese goods export and around 20% of the Faroese GDP. The Faroe Islands business environment has quite naturally been highly influenced by fishing and fish processing.

Denmark exports of mineral fuels, oils, distillation products to Faroe Islands was US$75.66 Million during 2019, according to the United Nations COMTRADE  Faeroe Islands, Faroe Islands history, politics, leaders.
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OceanBlue operates consolidation (LCL) and full loads (FCL) for the Icelandic region and in reach of the Faroe Islands. Our direct connection is via our Immingham warehouse offering weekly transit.


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Faroe Islands exports for 2016 was $1.47B, a 14.15% increase from 2015. Faroe Islands exports for 2015 was $1.29B, a 11.92% decline from 2014. Exports of Goods for Faroe Islands from International Monetary Fund (IMF) for the International Monetary Fund - Balance of Payments (BOP) release.