Exporting guide to Faroe Islands

Overview

Faroe Islands are located in the North Atlantic Ocean and comprises 18 islands. In the year to June 2019, the total trade in goods and services between the UK and Faroe Islands was £287 million and the total exports from the UK was £50 million.

Business environment

Faroe Islands is an autonomous territory within the Kingdom of Denmark, so shares a lot of the same characteristics regarding ease of doing business.

Demand for goods

In the year to June 2019, the top goods exported from the UK to Faroe Islands were refined oil, metal manufactures, animal feed, coffee, tea and cocoa (ONS, 2019). If you operate in one of these industries, then Faroe Islands could be a good market for you.

Boats docked at a Faroe Islands waterfront

Faroe Islands: at a glance

Currency

Faroese króna and Danish krone

Business language

Faroese, Danish, English

You may need a translator

Value of total UK exports

£34 million

(ONS, 2020)

Economic growth

N/A

IMF data unavailable

Time zone

GMT +0

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Check for trade barriers

Trade barriers, such as tariffs or taxes, can raise costs, cause delays, or even stop you from exporting. Check for any issues that may impact your business when exporting.

See current trade barriers

See resolved trade barriers

Check duties and customs

Find information on how to export goods from the UK. View the duties, rules, restrictions, and the documents you need for your products.

See current duties and customs procedures

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.