Russian trade with Faroe Islands in 2013
based on data from the Federal Customs Service of Russia
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 $275,133.
| HS code |
Name of product group | Value of exports in 2013, US dollars ($) |
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 | 29,740 | 222.51 |
| 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 | 1,162,969 | 24.25 |
| 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 $34,399,508.
The largest declines in Russia’s imports from Faroe Islands in 2013 over 2012 were recorded for the following product groups:
- No product groups with a substantial decrease.
| HS code |
Name of product group | Value of imports in 2013, US dollars ($) |
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 | 77,451,631 | 44.41 |
| 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 |