Russian foreign trade
reports and reviews

Russian trade with Faroe Islands in 2013

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Faroe Islands in 2013: exports, imports, products, dynamics.

Russia’s Trade with Faroe Islands

In 2013, Russia’s trade with Faroe Islands totaled $121,527,819, up 53.39% ($42,298,012) from 2012.

Russia’s exports to Faroe Islands in 2013 totaled $9,673,869, up 480.67% ($8,007,884) from 2012.

Russia’s imports from Faroe Islands in 2013 totaled $111,853,950, up 44.21% ($34,290,128) from 2012.

Russia’s trade deficit with Faroe Islands in 2013 was $102,180,081, a 34.63% increase ($26,282,244) over 2012.

Faroe Islands was Russia’s 111th largest trading partner in 2013 (up from 123rd in 2012), accounting for 0.0144% of Russia’s total trade (up from 0.0094% in 2012).

Faroe Islands was Russia’s 139th largest export market in 2013 (up from 160th in 2012), accounting for 0.0018% of Russia’s total exports (up from 0.0003% in 2012).

Faroe Islands was Russia’s 82nd largest supplier in 2013 (up from 85th in 2012), accounting for 0.0355% of Russia’s total imports (up from 0.0244% in 2012).

Russia’s Exports to Faroe Islands

The major share of Russian exports to Faroe Islands in 2013 (and in 2012) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 79.16% of Russia’s total exports to Faroe Islands (0.00% in 2012);
  • Wood and wood products (HS codes 44-49) - 16.87% of Russia’s total exports to Faroe Islands (97.57% in 2012);
  • Textiles, textile products and footwear (HS codes 50-67) - 2.85% of Russia’s total exports to Faroe Islands (0.00% in 2012);
  • Chemical products (HS codes 28-40) - 1.12% of Russia’s total exports to Faroe Islands (1.79% in 2012).

The largest gains in Russia’s exports to Faroe Islands in 2013 over 2012 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $7,657,887;
  • Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - an increase of $282,067;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $267,580;
  • Rubber and articles thereof (HS code 40) - an increase of $66,173.

The largest declines in Russia’s exports to Faroe Islands in 2013 over 2012 were recorded for the following product groups:

  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $275,133.
Russia’s exports to Faroe Islands in 2013 by product groups
HS
code
Name of product group Value of exports
in 2013,
US dollars ($)
Percent share in total export Value of exports
in 2012,
US dollars ($)
Percent change
in 2013
over 2012
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 7,657,887 79.16 0
39 Plastics and articles thereof 12,287 0.13 0
40 Rubber and articles thereof 95,913 0.99 29,740222.51
44 Wood and articles of wood; wood charcoal 187,394 1.94 462,527-59.48
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,445,036 14.94 1,162,96924.25
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 267,580 2.77 0
62 Articles of apparel and clothing accessories, not knitted or crocheted 7,772 0.08 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0 0.00 10,749-100.00

Russia’s Imports from Faroe Islands

The major share of Russian imports from Faroe Islands in 2013 (and in 2012) was accounted for the following product types:

  • Food products and agricultural raw materials (HS codes 01-24) - 100.00% of Russia’s total imports from Faroe Islands (99.86% in 2012).

The largest gains in Russia’s imports from Faroe Islands in 2013 over 2012 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $34,399,508.

The largest declines in Russia’s imports from Faroe Islands in 2013 over 2012 were recorded for the following product groups:

  • No product groups with a substantial decrease.
Russia’s imports from Faroe Islands in 2013 by product groups
HS
code
Name of product group Value of imports in 2013,
US dollars ($)
Percent share in total import Value of imports in 2012,
US dollars ($)
Percent change
in 2013
over 2012
03 Fish and crustaceans, molluscs and other aquatic invertebrates 111,851,139 100.00 77,451,63144.41
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0 0.00 944-100.00
52 Cotton 0 0.00 794-100.00
73 Articles of iron or steel 2,811 0.00 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0 0.00 62,212-100.00
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 0 0.00 48,241-100.00
Share the publication on:

Reports and reviews archive

2018 г.:JanFeb
2017 г.:JanFebMarAprMayJunJulAugSepOctNovDec
2016 г.:JanFebMarAprMayJunJulAugSepOctNovDec
Russian foreign trade statistics
Source: Federal Customs Service of Russia