Faroe Islands: Merchandise exports by the reporting economy (current US$)
In , Faroe Islands's Merchandise exports by the reporting economy (current US$) was $2.35 billion.
That's up 10.8% from 2022, the highest value on record.
The global average for this indicator in 2023 was $111.31 billion . Faroe Islands ranks #138 globally out of 205 reporting countries. Within Europe & Central Asia, it ranks #47 of 53.
Source: World Bank Open Data (TX.VAL.MRCH.WL.CD) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- $2.35B
- Trough
- 601.91M
- 1-year change
- +10.8%
- 5-year change
- +57.5%
- +9.5% / yr
- 10-year change
- +106.8%
- +7.5% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports by the reporting economy (current US$) |
|---|---|
| 2.346B | |
| 2.119B | |
| 1.578B | |
| 1.446B | |
| 1.640B | |
| 1.490B | |
| 1.519B | |
| 1.404B | |
| 1.252B | |
| 1.302B |
About Merchandise exports by the reporting economy (current US$)
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Indicator code: TX.VAL.MRCH.WL.CD • Category: Trade & Finance
Frequently asked questions
- What was Faroe Islands's Merchandise exports by the reporting economy (current US$) in 2023?
- In 2023, Faroe Islands's Merchandise exports by the reporting economy (current US$) was $2.35 billion, according to World Bank Open Data.
- Is Faroe Islands's Merchandise exports by the reporting economy (current US$) rising or falling?
- Faroe Islands's Merchandise exports by the reporting economy (current US$) rose 10.8% from 2022 to 2023.
- How does Faroe Islands rank globally on Merchandise exports by the reporting economy (current US$)?
- In 2023, Faroe Islands ranked #138 out of 205 countries reporting Merchandise exports by the reporting economy (current US$).
- How does Faroe Islands's Merchandise exports by the reporting economy (current US$) compare to the world average?
- The global average for Merchandise exports by the reporting economy (current US$) in 2023 was $111.31 billion, so Faroe Islands is below the world average. Within Europe & Central Asia, it ranks #47 of 53.
- What is Merchandise exports by the reporting economy (current US$) and how is it measured?
- Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Source: World Bank Open Data (TX.VAL.MRCH.WL.CD), CC BY 4.0.