Faroe Islands | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. Development relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. Limitations and exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source
Faroe Islands | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
1960
1961
1962
1963
14.21319797 1964
8.56031128 1965
4.88888889 1966
5.49019608 1967
5.27413588 1968
0.97575034 1969
0.01195457 1970
1971
1972
1973
1974
0.80907758 1975
1976
0.69056346 1977
1978
1979
1.98188694 1980
0.17373052 1981
0.00927914 1982
1983
1984
1985
1986
1987
1988
0.01183176 1989
0.00134222 1990
0.11608867 1991
7.91242921 1992
0.51348018 1993
0.30847865 1994
0.13220735 1995
0.07003058 1996
0.1523419 1997
1.00507888 1998
0.65252081 1999
1.38364088 2000
1.74806762 2001
2.13914412 2002
3.31029276 2003
3.53170618 2004
8.61007886 2005
6.97803854 2006
9.45611916 2007
7.89143708 2008
15.80047621 2009
16.30506406 2010
20.89485059 2011
19.84990278 2012
20.44891719 2013
30.48808904 2014
38.16509803 2015
35.08326407 2016
38.36101935 2017
39.62450326 2018
38.59295119 2019
36.86846794 2020
2021
2022
Faroe Islands | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. Development relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets. Limitations and exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.
Publisher
The World Bank
Origin
Faroe Islands
Records
63
Source