Private Sector in Faroe Islands 48 indicators covering private sector for Faroe Islands. IndicatorLatest Year10-yr change Rank Merchandise trade 80.8% 2024 up 8.9% 49th Merchandise exports 2.06 billion current US$ 2025 up 101.7% 145th Food imports 17.1% 2009 down 16.1% 83rd Manufactures exports 7.4% 2009 up 40.4% 159th Manufactures imports 62.3% 2009 down 5.6% 93rd Food exports 88.0% 2009 down 5.8% 13th Merchandise imports 1.67 billion current US$ 2025 up 83.1% 170th Commercial service exports 206.81 million current US$ 2011 up 264.1% 170th Transport services 23.8% 2011 down 28.1% 130th Computer, communications and other services 50.9% 2011 up 116.4% 45th Commercial service imports 394.20 million current US$ 2011 up 276.5% 168th Computer, communications and other services 38.7% 2011 up 168.7% 81st Travel services 19.9% 2011 down 48.1% 138th Travel services 24.4% 2011 down 26.5% 69th Transport services 40.6% 2011 up 3.6% 22nd Insurance and financial services 0.8% 2011 down 91.9% 193rd Merchandise exports to low- and middle-income economies in Latin Ameri 1.0% 2023 down 52.5% 100th Merchandise exports to low- and middle-income economies in Europe & Ce 0.6% 2023 down 27.6% 120th Merchandise exports to low- and middle-income economies in East Asia & 5.6% 2023 down 42.1% 105th Merchandise exports to low- and middle-income economies outside region 11.6% 2023 down 26.6% 100th Merchandise exports to low- and middle-income economies in Middle East 0.1% 2023 down 53.7% 150th Merchandise exports to low- and middle-income economies in South Asia 0.0% 2023 up 172.2% 198th Merchandise exports to low- and middle-income economies in Sub-Saharan 5.0% 2023 up 25.0% 58th Merchandise exports by the reporting economy, residual 0.0% 2023 — 123rd Merchandise exports by the reporting economy 2.35 billion current US$ 2023 up 106.8% 138th Merchandise exports to low- and middle-income economies within region 0.6% 2023 down 27.6% 197th Merchandise exports to high-income economies 87.8% 2023 up 5.3% 33rd Merchandise exports to economies in the Arab World 0.1% 2023 down 54.3% 183rd Merchandise imports from low- and middle-income economies outside regi 9.1% 2023 down 34.8% 149th Merchandise imports from economies in the Arab World 0.1% 2023 down 28.5% 187th Merchandise imports from high-income economies 84.1% 2023 down 1.6% 27th Merchandise imports from low- and middle-income economies in East Asia 7.8% 2023 down 35.6% 166th Merchandise imports from low- and middle-income economies in Europe & 6.8% 2023 up 1,016.5% 35th Merchandise imports from low- and middle-income economies in Latin Ame 0.8% 2023 down 35.3% 145th Merchandise imports from low- and middle-income economies in Middle Ea 0.1% 2023 down 26.8% 169th Merchandise imports from low- and middle-income economies in South Asi 0.3% 2023 down 19.2% 187th Merchandise imports from low- and middle-income economies in Sub-Sahar 0.1% 2023 up 2.9% 166th Merchandise imports by the reporting economy, residual 0.0% 2023 down 2.5% 102nd Merchandise imports by the reporting economy 1.93 billion current US$ 2023 up 56.2% 165th Merchandise imports from low- and middle-income economies within regio 6.8% 2023 up 1,016.5% 137th Insurance and financial services 0.8% 2011 down 90.3% 149th Export unit value index 123.7 2015 = 100 2024 up 22.4% 141st Import unit value index 122.5 2015 = 100 2024 up 7.9% 149th Import value index 165.1 2015 = 100 2024 up 43.6% 66th Export value index 175.7 2015 = 100 2024 up 61.9% 63rd Import volume index 134.8 2015 = 100 2024 up 33.1% 59th Export volume index 142 2015 = 100 2024 up 32.3% 53rd Net barter terms of trade index 101 2015 = 100 2024 up 13.4% 107th