Russian trade with Faroe Islands in 2018
based on data from the Federal Customs Service of Russia
Russia’s Trade with Faroe Islands
In 2018, Russia’s trade with Faroe Islands was $354,347,873, down 7.68% ($29,462,407) from 2017.
Russia’s exports to Faroe Islands in 2018 totaled $17,782,769, up 25.76% ($3,642,409) from 2017.
Russia’s imports from Faroe Islands in 2018 were $336,565,104, down 8.96% ($33,104,816) from 2017.
Russia’s trade deficit with Faroe Islands in 2018 was $318,782,335, a 10.34% decrease ($36,747,225) over 2017.
Faroe Islands was Russia’s 90th largest trading partner in 2018 (down from 85th in 2017), accounting for 0.0515% of Russia’s total trade (down from 0.0657% in 2017).
Faroe Islands was Russia’s 141st largest export market in 2018 (just as in 2017), accounting for 0.0040% of Russia’s total exports (just as in 2017).
Faroe Islands was Russia’s 63rd largest supplier in 2018 (down from 62nd in 2017), accounting for 0.1413% of Russia’s total imports (down from 0.1629% in 2017).
Russia’s Exports to Faroe Islands
The major share of Russian exports to Faroe Islands in 2018 (and in 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 58.23% of Russia’s total exports to Faroe Islands (17.45% in 2017);
- Mineral products (HS codes 25-27) - 26.76% of Russia’s total exports to Faroe Islands (65.08% in 2017);
- Wood and wood products (HS codes 44-49) - 10.03% of Russia’s total exports to Faroe Islands (14.37% in 2017);
- Textiles, textile products and footwear (HS codes 50-67) - 4.39% of Russia’s total exports to Faroe Islands (2.33% in 2017).
The largest gains in Russia’s exports to Faroe Islands in 2018 over 2017 were recorded for the following product groups:
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $7,907,080;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $431,208.
The largest declines in Russia’s exports to Faroe Islands in 2018 over 2017 were recorded for the following product groups:
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $4,416,097;
- Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $195,380.
HS code |
Name of product group | Value of exports in 2018, US dollars ($) |
Percent share in total export | Value of exports in 2017, US dollars ($) |
Percent change in 2018 over 2017 |
---|---|---|---|---|---|
15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 10,341,734 | 58.16 | 2,434,654 | 324.77 |
22 | Beverages, spirits and vinegar | 0 | 0.00 | 5,500 | -100.00 |
23 | Residues and waste from the food industries; prepared animal feed | 13,590 | 0.08 | 26,720 | -49.14 |
25 | Salt; sulfur; earths and stone; plastering materials, lime and cement | 5,844 | 0.03 | 32,711 | -82.13 |
27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 4,753,551 | 26.73 | 9,169,648 | -48.16 |
31 | Fertilizers | 63,491 | 0.36 | 50,386 | 26.01 |
34 | Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster | 1,889 | 0.01 | 75 | 2,418.67 |
38 | Miscellaneous chemical products | 0 | 0.00 | 128 | -100.00 |
39 | Plastics and articles thereof | 23,691 | 0.13 | 23,179 | 2.21 |
44 | Wood and articles of wood; wood charcoal | 68,779 | 0.39 | 264,159 | -73.96 |
48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 1,714,147 | 9.64 | 1,767,351 | -3.01 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 756,185 | 4.25 | 324,977 | 132.69 |
62 | Articles of apparel and clothing accessories, not knitted or crocheted | 3,553 | 0.02 | 5,150 | -31.01 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 21,224 | 0.12 | 0 | ∞ |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 0 | 0.00 | 13,369 | -100.00 |
73 | Articles of iron or steel | 0 | 0.00 | 16,887 | -100.00 |
89 | Ships, boats and floating structures | 4,134 | 0.02 | 0 | ∞ |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 10,957 | 0.06 | 5,466 | 100.46 |
Russia’s Imports from Faroe Islands
The major share of Russian imports from Faroe Islands in 2018 (and in 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 99.88% of Russia’s total imports from Faroe Islands (99.98% in 2017).
The largest gains in Russia’s imports from Faroe Islands in 2018 over 2017 were recorded for the following product groups:
- No product groups with a substantial increase.
The largest declines in Russia’s imports from Faroe Islands in 2018 over 2017 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $33,455,850.
HS code |
Name of product group | Value of imports in 2018, US dollars ($) |
Percent share in total import | Value of imports in 2017, US dollars ($) |
Percent change in 2018 over 2017 |
---|---|---|---|---|---|
03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 336,157,993 | 99.88 | 369,613,843 | -9.05 |
23 | Residues and waste from the food industries; prepared animal feed | 14,852 | 0.00 | 0 | ∞ |
39 | Plastics and articles thereof | 5,426 | 0.00 | 0 | ∞ |
40 | Rubber and articles thereof | 7,262 | 0.00 | 19 | 38,121.05 |
43 | Furskins and artificial fur; manufactures thereof | 0 | 0.00 | 57 | -100.00 |
44 | Wood and articles of wood; wood charcoal | 15,127 | 0.00 | 54,321 | -72.15 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 0 | 0.00 | 6 | -100.00 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 200,195 | 0.06 | 0 | ∞ |
70 | Glass and glassware | 9,248 | 0.00 | 0 | ∞ |
73 | Articles of iron or steel | 0 | 0.00 | 37 | -100.00 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0 | 0.00 | 1,469 | -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 | 59 | -100.00 |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 0 | 0.00 | 109 | -100.00 |
94 | Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings | 155,001 | 0.05 | 0 | ∞ |