Faroe Islands | Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. 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 imports from high-income economies (% of total merchandise imports)
1960
1961
100 1962
100 1963
95.23809524 1964
99.61832061 1965
99.64539007 1966
99.62406015 1967
99.31048966 1968
98.71733359 1969
99.53682412 1970
98.57272929 1971
97.70065726 1972
97.27996494 1973
99.32906068 1974
99.0950785 1975
99.71977032 1976
99.69352791 1977
99.54453689 1978
99.6934447 1979
99.79398194 1980
99.82292781 1981
99.89268749 1982
99.84546197 1983
99.65256097 1984
98.02263449 1985
97.84008447 1986
97.2419467 1987
95.72854842 1988
96.79625818 1989
96.8917538 1990
96.4988369 1991
93.9001915 1992
92.48019649 1993
92.29836239 1994
98.42349949 1995
98.63993394 1996
98.45821226 1997
98.83690529 1998
98.01790905 1999
88.3795684 2000
94.31490196 2001
92.56817221 2002
95.02506078 2003
93.44578791 2004
88.80546678 2005
91.51931826 2006
87.22909303 2007
91.17217138 2008
90.51939999 2009
81.89186107 2010
83.47561592 2011
85.29556336 2012
84.56154842 2013
84.31129597 2014
68.75550929 2015
79.79591095 2016
83.02766369 2017
84.19139855 2018
84.94434583 2019
85.60339247 2020
2021
2022
Faroe Islands | Merchandise imports from high-income economies (% of total merchandise imports)
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. 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