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Dynamics of Russian trade with Faroe Islands from 2010 to 2017

July 11, 2018
by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The dynamics of Russia’s foreign trade in goods with Faroe Islands from 2010 to 2017: turnover, exports, imports, balance, rank, share, products.
Dynamics of Russia’s foreign trade with Faroe Islands from 2010 to 2017 (in million US dollars)
2010 2011 2012 2013 2014 2015 2016 2017
Turnover 18 31 79 122 183 294 324 384
Exports 3 1 2 10 10 17 44 14
Imports 15 29 78 112 173 277 280 370
Balance -12 -28 -76 -102 -163 -260 -236 -356
Dynamics of the rank and share of Faroe Islands in Russia’s foreign trade from 2010 to 2017
2010 2011 2012 2013 2014 2015 2016 2017
Rank in Russia’s trade 136 139 123 111 102 89 84 85
Share in Russia’s trade, % 0.003 0.004 0.009 0.014 0.023 0.056 0.069 0.066
Rank in Russia’s exports 145 160 160 139 137 138 114 141
Share in Russia’s exports, % 0.001 0.000 0.000 0.002 0.002 0.005 0.015 0.004
Rank in Russia’s import 107 106 85 82 75 59 62 62
Share in Russia’s imports, % 0.007 0.010 0.024 0.036 0.060 0.152 0.154 0.163
Dynamics of the structure of Russia’s exports to Faroe Islands by product types from 2010 to 2017 (percent of total exports)
Рroduct type 2010 2011 2012 2013 2014 2015 2016 2017
Food products and agricultural raw materials (HS codes 01-24) 46.0 20.5 0.0 0.0 34.0 17.6 0.0 17.4
Mineral products (HS codes 25-27) 0.0 1.9 0.0 79.2 41.1 25.0 8.4 65.1
Chemical products (HS codes 28-40) 4.8 3.9 1.8 1.1 0.2 0.3 0.0 0.5
Wood and wood products (HS codes 44-49) 49.2 73.6 97.6 16.9 22.0 13.1 2.7 14.4
Textiles, textile products and footwear (HS codes 50-67) 0.0 0.0 0.0 2.8 2.6 0.0 0.4 2.3
Precious metals and stones (HS code 71) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Metals and products from them (HS codes 72-83) 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1
Machinery, equipment and vehicles (HS codes 84-90) 0.1 0.1 0.6 0.0 0.0 43.8 88.5 0.0
Dynamics of the structure of Russia’s imports from Faroe Islands by product types from 2010 to 2017 (percent of total imports)
Рroduct type 2010 2011 2012 2013 2014 2015 2016 2017
Food products and agricultural raw materials (HS codes 01-24) 100.0 100.0 99.9 100.0 99.9 100.0 100.0 100.0
Mineral products (HS codes 25-27) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Chemical products (HS codes 28-40) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Wood and wood products (HS codes 44-49) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Textiles, textile products and footwear (HS codes 50-67) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Precious metals and stones (HS code 71) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Metals and products from them (HS codes 72-83) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Machinery, equipment and vehicles (HS codes 84-90) 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0
Dynamics of Russia’s exports to Faroe Islands from 2010 to 2017 by product groups (in million US dollars)
HS
code		 Name of product group 2010 2011 2012 2013 2014 2015 2016 2017
11 Products of the milling industry; malt; starches; inulin; wheat gluten 1.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 0.0 0.0 0.0 0.0 3.4 2.9 0.0 2.4
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 0.0 0.0 0.0 7.7 4.1 4.2 3.7 9.2
31 Fertilizers 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1
40 Rubber and articles thereof 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0
44 Wood and articles of wood; wood charcoal​ 0.7 0.4 0.5 0.2 0.3 0.3 0.4 0.3
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard​ 0.7 0.6 1.2 1.4 1.9 1.9 0.8 1.8
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0.0 0.0 0.0 0.3 0.3 0.0 0.2 0.3
89 Ships, boats and floating structures 0.0 0.0 0.0 0.0 0.0 7.3 38.9 0.0
Dynamics of Russia’s imports from Faroe Islands from 2010 to 2017 by product groups (in million US dollars)
HS
code		 Name of product group 2010 2011 2012 2013 2014 2015 2016 2017
03 Fish and crustaceans, molluscs and other aquatic invertebrates​ 15.1 29.2 77.5 111.9 172.7 277.1 280.1 369.6
44 Wood and articles of wood; wood charcoal​ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1
73 Articles of iron or steel 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof​ 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0
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 0.0 0.0 0.0 0.1 0.0 0.0 0.0
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 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0

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Russian foreign trade statistics
Source: Federal Customs Service of Russia