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
1964 14.21319797
1965 8.56031128
1966 4.88888889
1967 5.49019608
1968 5.27413588
1969 0.97575034
1970 0.01195457
1971
1972
1973
1974
1975 0.80907758
1976
1977 0.69056346
1978
1979
1980 1.98188694
1981 0.17373052
1982 0.00927914
1983
1984
1985
1986
1987
1988
1989 0.01183176
1990 0.00134222
1991 0.11608867
1992 7.91242921
1993 0.51348018
1994 0.30847865
1995 0.13220735
1996 0.07003058
1997 0.1523419
1998 1.00507888
1999 0.65252081
2000 1.38364088
2001 1.74806762
2002 2.13914412
2003 3.31029276
2004 3.53170618
2005 8.61007886
2006 6.97803854
2007 9.45611916
2008 7.89143708
2009 15.80047621
2010 16.30506406
2011 20.89485059
2012 19.84990278
2013 20.44891719
2014 30.48808904
2015 38.16509803
2016 35.08326407
2017 38.36101935
2018 39.62450326
2019 38.59295119
2020 36.86846794
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