Faroe Islands - Import volume index

Import volume index (2000 = 100)

The latest value for Import volume index (2000 = 100) in Faroe Islands was 153.82 as of 2020. Over the past 20 years, the value for this indicator has fluctuated between 153.82 in 2020 and 95.85 in 2002.

Definition: Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, interna­tional and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year’s trade values as weights. For economies for which UNCTAD does not publish data, the import volume indexes (lines 73) in the IMF's International Financial Statistics are used.

Source: United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.

See also:

Year Value
2000 100.00
2001 96.20
2002 95.85
2003 137.32
2004 106.77
2005 116.99
2006 117.02
2007 139.59
2008 122.95
2009 104.49
2010 97.28
2011 108.84
2012 126.10
2013 125.66
2014 118.85
2015 116.72
2016 132.73
2017 142.55
2018 148.80
2019 151.01
2020 153.82

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Trade indexes