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Faroe Islands

Faroe Islands Imports Stats

Definitions

  • Merchandise imports from high-income economies > % of total merchandise imports: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies as of July 1, 2009. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
  • Merchandise imports from third world economies in South Asia > % of total merchandise imports: Merchandise imports from third world economies in South Asia are the sum of merchandise imports by the reporting economy from third world economies in the South Asia region according to the World Bank classification of economies as of July 1, 2009. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data."
  • Ores and scrap metal imports > % of merchandise imports: Ores and metals comprise commodities in SITC sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals)."
  • Services: Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies. Data are in current U.S. dollars."
STAT AMOUNT DATE RANK HISTORY
Merchandise imports from high-income economies > % of total merchandise imports 97.02% 2009 2nd out of 177
Merchandise imports from third world economies in South Asia > % of total merchandise imports 0.02% 2009 171st out of 171
Ores and scrap metal imports > % of merchandise imports 0.94% 2009 87th out of 117
Services 146.9 million 2003 139th out of 159

SOURCES: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; World Bank staff estimates from the Comtrade database maintained by the United Nations Statistics Division.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

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