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Trade with Faroe Islands

Market profile, merchandise trade and investment data for Faroe Islands, paired with ILUME’s sourcing and buyer-matching desk.

GDP (current US$)
US$ 4.05 bn
World Bank, 2024
GDP per capita (US$)
74,175
World Bank, 2024
Population
54,900
World Bank, 2025
GDP growth (annual %)
0.84%
World Bank, 2024
Merchandise exports (US$)
US$ 2.06 bn
World Bank, 2025
Merchandise imports (US$)
US$ 1.67 bn
World Bank, 2025
FDI inflows (US$)
—
World Bank
Urban population (%)
39.6%
World Bank, 2025

Market indicators

IndicatorLatestYear
GDP (current US$)US$ 4.05 bn2024
GDP growth (annual %)0.84%2024
GDP per capita (US$)74,1752024
Population54,9002025
Urban population (%)39.6%2025
Merchandise imports (US$)US$ 1.67 bn2025
Merchandise exports (US$)US$ 2.06 bn2025

Source: World Bank Open Data (most recent available year per indicator).

ILUME desk coverage in Faroe Islands

Buyer profiles on platformWhat we do
On requestSupplier & buyer verification, RFQ handling, QC, logistics, escrow settlement, export compliance.

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