Faroe Islands: Ores and metals imports (% of merchandise imports)

Key figures

Since 1976 it is down 0.19 percentage points from 1.24% in 1976. The World Bank has no value for 16 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

On record, the biggest yearly rise was 0.45 percentage points in 2004 and the biggest yearly fall was 0.41 percentage points in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Faroe Islands had the 82nd highest value of the 103 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Faroe Islands in the 2025 ranking

• Ecuador — 78th of 103: 1.14%
• Guatemala — 79th of 103: 1.1%
• Dominican Republic — 80th of 103: 1.09%
• Malawi — 82nd of 103: 1.05%
• Fiji — 83rd of 103: 1.03%
• Côte d'Ivoire — 84th of 103: 0.93%

What this measures

Ores and metals comprise the commodities in SITC (Rev. 3) sections 27 (crude fertilizer, minerals nes); 28 (metalliferous ores, scrap); and 68 (non-ferrous metals). Imports of services are services provided by non-residents to residents. This indicator is expressed as a percentage of merchandise imports which is comprised of goods whose economic ownership is changed between a non-resident and a resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e.

Limitations: Previous editions contained data based on the SITC revision 1. Data for earlier years in previous editions may differ because of the change in methodology. Concordance tables are available to convert data reported in one system to another.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 34 values

Ores and metals imports (% of merchandise imports) in nearby economies

• Albania — 1.27% (2024)
• Andorra — 0.55% (2025)
• Armenia — 2.47% (2025)
• Austria — 4.44% (2025)
• Azerbaijan — 1.24% (2025)
• Belarus — 3.5% (2021)
• Belgium — 4.99% (2025)
• Bosnia and Herzegovina — 5.64% (2025)
• Bulgaria — 8.69% (2025)
• Croatia

More private sector & trade data for Faroe Islands

• Merchandise imports (current US$) — US$1.67 billion (2025)
• Merchandise exports (current US$) — US$2.06 billion (2025)
• Merchandise imports from high-income economies (% of total merchandise imports) — 84.12% (2023)
• Merchandise imports by the reporting economy, residual (% of total merchandise imports) — 0.000386% (2023)
• Merchandise imports by the reporting economy (current US$) — US$1.93 billion (2023)
• Merchandise exports to high-income economies (% of total merchandise exports) — 87.79% (2023)
• Merchandise exports by the reporting economy, residual (% of total merchandise exports) — 0% (2023)
• Merchandise exports by the reporting economy (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Faroe Islands's ores and metals imports (% of merchandise imports)?

1.05% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1976?

It is down 0.19 percentage points from 1.24% in 1976. The highest value was 1.5% in 1989 and the lowest 0.85% in 1999.

How does Faroe Islands rank?

82nd highest of 103 economies with data for 2025.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS); Staff estimates, World Bank (WB).

Source

World Bank, World Development Indicators, indicator TM.VAL.MMTL.ZS.UN, licensed CC BY 4.0. Original source: Comtrade database, United Nations (UN), publisher: UN Statistics Division; World Integrated Trade Solution system (WITS); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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