Russian foreign trade
reports and reviews

Russian trade in goods with Faroe Islands in Q3 2019

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Faroe Islands in the third quarter of 2019: exports, imports, products, dynamics.

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 $13,590.
Russia’s exports to Faroe Islands in the 3rd quarter of 2019 by product groups
HS
code
Name of product group Value of exports
in Q3 2019,
US dollars ($)
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 16,9248.26
40 Rubber and articles thereof 764 0.02 0
44 Wood and articles of wood; wood charcoal 12,215 0.33 8,13450.17
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 $1,993,391.
Russia’s imports from Faroe Islands in the 3rd quarter of 2019 by product groups
HS
code
Name of product group Value of imports in Q3 2019,
US dollars ($)
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
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Russian foreign trade statistics
Source: Federal Customs Service of Russia