Russian trade in goods with Faroe Islands in Q4 2018
based on data from the Federal Customs Service of Russia
Russia’s Trade with Faroe Islands
In the 4th quarter of 2018, Russia’s trade with Faroe Islands was $113,888,377, down 25.59% ($39,164,420) from the 4th quarter of 2017.
Russia’s exports to Faroe Islands in the 4th quarter of 2018 totaled $6,186,477, up 53.83% ($2,164,869) from the 4th quarter of 2017.
Russia’s imports from Faroe Islands in the 4th quarter of 2018 were $107,701,900, down 27.73% ($41,329,289) from the 4th quarter of 2017.
Russia’s trade deficit with Faroe Islands in the 4th quarter of 2018 was $101,515,423, a 29.99% decrease ($43,494,158) over the 4th quarter of 2017.
Faroe Islands was Russia’s 86th largest trading partner in the 4th quarter of 2018 (down from 77th in the 4th quarter of 2017), accounting for 0.0610% of Russia’s total trade (down from 0.0916% in the 4th quarter of 2017).
Faroe Islands was Russia’s 136th largest export market in the 4th quarter of 2018 (just as in the 4th quarter of 2017), accounting for 0.0050% of Russia’s total exports (up from 0.0039% in the 4th quarter of 2017).
Faroe Islands was Russia’s 59th largest supplier in the 4th quarter of 2018 (down from 51st in the 4th quarter of 2017), accounting for 0.1728% of Russia’s total imports (down from 0.2318% in the 4th quarter of 2017).
Russia’s Exports to Faroe Islands
The major share of Russian exports to Faroe Islands in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 64.65% of Russia’s total exports to Faroe Islands (0.00% in the 4th quarter of 2017);
- Mineral products (HS codes 25-27) - 34.44% of Russia’s total exports to Faroe Islands (95.17% in the 4th quarter of 2017);
- Wood and wood products (HS codes 44-49) - 0.21% of Russia’s total exports to Faroe Islands (3.76% in the 4th quarter of 2017).
The largest gains in Russia’s exports to Faroe Islands in the 4th quarter of 2018 over the 4th quarter of 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 $3,999,634.
The largest declines in Russia’s exports to Faroe Islands in the 4th quarter of 2018 over the 4th quarter of 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 $1,702,385;
- Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $151,257.
| HS code |
Name of product group | Value of exports in Q4 2018, US dollars ($) |
Percent share in total export | Value of exports in Q4 2017, US dollars ($) |
Percent change in Q4 2018 over Q4 2017 |
|---|---|---|---|---|---|
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 3,999,634 | 64.65 | 0 | ∞ |
| 25 | Salt; sulfur; earths and stone; plastering materials, lime and cement | 5,844 | 0.09 | 0 | ∞ |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 2,124,908 | 34.35 | 3,827,293 | -44.48 |
| 31 | Fertilizers | 16,954 | 0.27 | 24,773 | -31.56 |
| 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 | 1,141 | 0.02 | 75 | 1,421.33 |
| 38 | Miscellaneous chemical products | 0 | 0.00 | 128 | -100.00 |
| 39 | Plastics and articles thereof | 0 | 0.00 | 3,522 | -100.00 |
| 44 | Wood and articles of wood; wood charcoal | 12,826 | 0.21 | 0 | ∞ |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 151,257 | -100.00 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 23,341 | 0.38 | 14,560 | 60.31 |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 1,829 | 0.03 | 0 | ∞ |
Russia’s Imports from Faroe Islands
The major share of Russian imports from Faroe Islands in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 99.65% of Russia’s total imports from Faroe Islands (99.99% in the 4th quarter of 2017).
The largest gains in Russia’s imports from Faroe Islands in the 4th quarter of 2018 over the 4th quarter of 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 the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $41,705,186.
| HS code |
Name of product group | Value of imports in Q4 2018, US dollars ($) |
Percent share in total import | Value of imports in Q4 2017, US dollars ($) |
Percent change in Q4 2018 over Q4 2017 |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 107,306,543 | 99.63 | 149,011,729 | -27.99 |
| 23 | Residues and waste from the food industries; prepared animal feed | 14,852 | 0.01 | 0 | ∞ |
| 39 | Plastics and articles thereof | 5,426 | 0.01 | 0 | ∞ |
| 40 | Rubber and articles thereof | 1,210 | 0.00 | 11 | 10,900.00 |
| 44 | Wood and articles of wood; wood charcoal | 15,127 | 0.01 | 19,064 | -20.65 |
| 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 | 0.19 | 0 | ∞ |
| 70 | Glass and glassware | 3,546 | 0.00 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0 | 0.00 | 248 | -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 | 72 | -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 | 0.14 | 0 | ∞ |