Russian trade in goods with Faroe Islands in Q3 2019
based on data from the Federal Customs Service of Russia
Russia’s Trade with Faroe Islands
In the 3rd quarter of 2019, Russia’s trade with Faroe Islands was $60,723,023, down 5.71% ($3,679,258) from the 3rd quarter of 2018.
Russia’s exports to Faroe Islands in the 3rd quarter of 2019 were $3,742,330, down 32.39% ($1,793,013) from the 3rd quarter of 2018.
Russia’s imports from Faroe Islands in the 3rd quarter of 2019 were $56,980,693, down 3.20% ($1,886,245) from the 3rd quarter of 2018.
Russia’s trade deficit with Faroe Islands in the 3rd quarter of 2019 was $53,238,363, a 0.17% decrease ($93,232) over the 3rd quarter of 2018.
Faroe Islands was Russia’s 100th largest trading partner in the 3rd quarter of 2019 (down from 94th in the 3rd quarter of 2018), accounting for 0.0366% of Russia’s total trade (down from 0.0374% in the 3rd quarter of 2018).
Faroe Islands was Russia’s 141st largest export market in the 3rd quarter of 2019 (down from 132nd in the 3rd quarter of 2018), accounting for 0.0036% of Russia’s total exports (down from 0.0049% in the 3rd quarter of 2018).
Faroe Islands was Russia’s 72nd largest supplier in the 3rd quarter of 2019 (down from 66th in the 3rd quarter of 2018), accounting for 0.0911% of Russia’s total imports (down from 0.0983% in the 3rd quarter of 2018).
Russia’s Exports to Faroe Islands
The major share of Russian exports to Faroe Islands in the 3rd quarter of 2019 (and in the 3rd quarter of 2018) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 62.67% of Russia’s total exports to Faroe Islands (66.56% in the 3rd quarter of 2018);
- Mineral products (HS codes 25-27) - 20.47% of Russia’s total exports to Faroe Islands (19.37% in the 3rd quarter of 2018);
- Wood and wood products (HS codes 44-49) - 13.50% of Russia’s total exports to Faroe Islands (12.12% in the 3rd quarter of 2018);
- Machinery, equipment and vehicles (HS codes 84-90) - 1.88% of Russia’s total exports to Faroe Islands (0.00% in the 3rd quarter of 2018);
- Textiles, textile products and footwear (HS codes 50-67) - 0.94% of Russia’s total exports to Faroe Islands (1.33% in the 3rd quarter of 2018).
The largest gains in Russia’s exports to Faroe Islands in the 3rd quarter of 2019 over the 3rd quarter of 2018 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $65,096.
The largest declines in Russia’s exports to Faroe Islands in the 3rd quarter of 2019 over the 3rd quarter of 2018 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) - a decrease of $1,325,193;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $306,131;
- Paper and paperboard; articles of paper pulp, of paper or of paperboard (HS code 48) - a decrease of $169,467;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $22,842;
- Fertilizers (HS code 31) - a decrease of $17,116;
- Other made up textile articles; sets; worn clothing and worn textile articles; rags (HS code 63) - a decrease of $15,952;
- Residues and waste from the food industries; prepared animal feed (HS code 23) - a decrease of $13,590.
HS code |
Name of product group | Value of exports in Q3 2019, US dollars ($) |
Percent share in total export | Value of exports in Q3 2018, US dollars ($) |
Percent change in Q3 2019 over Q3 2018 |
---|---|---|---|---|---|
15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 2,345,501 | 62.67 | 3,670,694 | -36.10 |
23 | Residues and waste from the food industries; prepared animal feed | 0 | 0.00 | 13,590 | -100.00 |
27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 766,016 | 20.47 | 1,072,147 | -28.55 |
29 | Organic chemicals | 1,094 | 0.03 | 0 | ∞ |
31 | Fertilizers | 0 | 0.00 | 17,116 | -100.00 |
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 | 0 | 0.00 | 748 | -100.00 |
39 | Plastics and articles thereof | 18,322 | 0.49 | 16,924 | 8.26 |
40 | Rubber and articles thereof | 764 | 0.02 | 0 | ∞ |
44 | Wood and articles of wood; wood charcoal | 12,215 | 0.33 | 8,134 | 50.17 |
48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 493,132 | 13.18 | 662,599 | -25.58 |
54 | Man-made filaments | 171 | 0.00 | 0 | ∞ |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 34,597 | 0.92 | 57,439 | -39.77 |
62 | Articles of apparel and clothing accessories, not knitted or crocheted | 329 | 0.01 | 0 | ∞ |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | 15,952 | -100.00 |
73 | Articles of iron or steel | 15 | 0.00 | 0 | ∞ |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 65,096 | 1.74 | 0 | ∞ |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 5,078 | 0.14 | 0 | ∞ |
Russia’s Imports from Faroe Islands
The major share of Russian imports from Faroe Islands in the 3rd quarter of 2019 (and in the 3rd quarter of 2018) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 99.81% of Russia’s total imports from Faroe Islands (100.00% in the 3rd quarter of 2018).
The largest gains in Russia’s imports from Faroe Islands in the 3rd quarter of 2019 over the 3rd quarter of 2018 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 3rd quarter of 2019 over the 3rd quarter of 2018 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $1,993,391.
HS code |
Name of product group | Value of imports in Q3 2019, US dollars ($) |
Percent share in total import | Value of imports in Q3 2018, US dollars ($) |
Percent change in Q3 2019 over Q3 2018 |
---|---|---|---|---|---|
03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 56,873,547 | 99.81 | 58,866,938 | -3.39 |
44 | Wood and articles of wood; wood charcoal | 20,900 | 0.04 | 0 | ∞ |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 81 | 0.00 | 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 | 86,165 | 0.15 | 0 | ∞ |