Faroe Islands: sanctions and trade risk

No elevated indicator

As of 7 November 2026, the screened UN, EU, UK, Swiss and US sanctions lists contain 0 companies, organisations, vessels and aircraft linked to Faroe Islands.Lists last checked 2026-11-07 21:01 UTC.

Logistics profile: ports, airports, customs, documents, holidays, news ↓

No elevated country indicator for Faroe Islands in the route rules Sanctioni uses. That is not a clearance: goods may still be export-controlled, and parties in Faroe Islands may still be on a list.

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On the sanctions lists

No entry on the 7 lists Sanctioni screens names Faroe Islands.

Latest changes

No new listings or removals naming Faroe Islands recorded yet.

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Logistics profile

Faroe Islands: logistics and trade

Fishing and seafood export hub in the North Atlantic

The Faroe Islands (ISO code: FO) are an autonomous region of Denmark located in the North Atlantic, approximately between Iceland, Norway, and Scotland. Politically, the islands have extensive self-governance with their own parliament and government, but remain part of the Kingdom of Denmark. The climate is oceanic-cool, characterized by mild winters, cool summers, and frequent rainfall, along with strong winds. Economically, fishing, aquaculture, and related services play a dominant role, while other industrial sectors are only limitedly developed. Foreign trade is central, with exports primarily consisting of fish and seafood products, while the country is dependent on imports for food, fuel, and industrial products. Strategically located ports ensure transit and logistics functions for supplying the islands as well as exporting seafood products. The national currency is the Faroese króna (DKK), which is pegged to the Danish krone and enables stable economic transactions. The Faroe Islands benefit from their geographical location for international fish trade and as a hub in the North Atlantic. Infrastructure, political stability, and maritime resources bolster the economic and logistical significance of the region.

Capital: Tórshavn
Population: 54,684
Area: 1,399 km²
Currency: Danish Krone (DKK)
Continent: Europe
Region: North Atlantic
Economic area: Kingdom of Denmark (outside EU/EEA)
Religions: Christianity
Access to the sea: Yes

Transport modes Sea · Air · Road

Current situation: The port of Tórshavn is expanding its infrastructure; a new passenger terminal is expected to be completed in mid-2026. Smyril Line operates RoRo cargo services in the North Atlantic.
Seasonal conditions: Autumn and winter: frequent storms, heavy swell, fog and strong wind can delay or interrupt ferry and flight connections.

Main seaports

Torshavn
Tórshavn (FO TOR): main Faroe Islands port with container, ro-ro ferry and fish traffic (Smyril Line, Eimskip). Reefer exports; hubs Reykjavík and mainland Europe.
Runavik
Runavík (FO RVK) on Eysturoy is a reefer and fishing port (Bakkafrost) with an offshore base. Containers route via Tórshavn and Kollafjørður.
Klaksvik
Klaksvik (FO KVI): the Faroes' main fishing port — landing, processing, reefer and the MEST shipyard. Containers route via Tórshavn.

Main cargo airports

Vágar AirportFAE
Vágar Airport (FAE): the Faroes' only airport, Atlantic Airways base; freight as belly cargo via Copenhagen (CPH), most goods by sea.

Road corridors

Streymoy-Eysturoy tunnel network (incl. Eysturoyartunnilin)
Vágatunnilin to Vágar Airport

Main trade lanes

Faroe Islands-Denmark (Hirtshals)
Faroe Islands-Iceland (Seyðisfjörður)
Faroe Islands-continental Europe
Faroe Islands-United Kingdom

Customs and import

Customs authority TAKS (Faroese Customs and Tax Administration)Official website ↗

Import customs system: Customs clearance via TAKS; importers register and receive a V-tal (company number). The Faroe Islands form their own customs territory outside the EU.
Export customs system: Export via TAKS; seafood exports dominate. For preferential duties, a proof of origin (EUR.1 or origin declaration) is used under the free trade agreement with the EU or the UK.
Import VAT: MVG (meirvirðisgjald) 25 percent
Proofs of origin and trade agreements: EUR.1 certificate of movement or origin declaration on the invoice; free trade agreements Faroe Islands-EU (since 1997) and Faroe Islands-United Kingdom.
Restricted and prohibited goods: Licensing and import restrictions, including for weapons, certain foodstuffs, animals and animal products (veterinary law), and prescription medicines.

Typical import documents

Commercial invoice
Bill of lading/consignment note
Customs declaration (TAKS)
EUR.1 or origin declaration
Veterinary certificate for animal products

Typical export documents

Commercial invoice
Packing list
EUR.1 or origin declaration
Health/veterinary certificate for seafood
Bill of lading/air waybill

Logistics conditions

Customs complexity: Medium
Customs delays: Low to medium
Port congestion: Low
Dangerous goods relevance: Medium
Pharma and cold chain relevance: Low
E-commerce relevance: Medium

Trade

Top import partners

Denmark Norway Germany China Netherlands

Top export partners

Denmark United States United Kingdom Russia Norway

Top import goods

Machinery
Vehicles
Petroleum products
Construction materials

Top export goods

Fish
Seafood
Fishmeal

Typical cargo

Fish and seafood (salmon)
Fishmeal
Machinery
Vehicles
Petroleum products
Construction materials

Logistics questions

Are the Faroe Islands part of the EU or the EU customs union?

No. The Faroe Islands are an autonomous region of the Kingdom of Denmark but belong neither to the EU, the EEA nor the EU customs union. They form an independent customs territory; trade in goods with the EU is governed by the free trade agreement of 1997.

What is the import VAT rate in the Faroe Islands?

The Faroese value added tax (MVG, meirvirðisgjald) is 25 percent and is also charged on imports. It is administered by the customs and tax authority TAKS.

Which authority is responsible for customs and taxes?

TAKS, the Faroese Customs and Tax Administration (taks.fo), is responsible. Importing companies must register with TAKS and receive a V-tal (company number).

What are the customs duty rates on imports?

Duty rates depend on the type of goods and are usually in the range of about 5 to 10 percent according to TAKS. Preferential duties may apply to goods originating in the EU or the United Kingdom.

Which documents do I need for importing?

Usually required are the commercial invoice, transport document (bill of lading or air waybill) and the customs declaration to TAKS. For preferential treatment, a proof of origin (EUR.1 or origin declaration) is added, and for animal products a veterinary certificate.

How do I reach the Faroe Islands logistically?

Sea freight mainly runs through the port of Tórshavn (containers and RoRo), including with Smyril Line Cargo to Denmark (Hirtshals) and Iceland. Air freight and passenger traffic run through the only airport, Vágar (FAE), the base of Atlantic Airways.

Are there preferential duties for trade with the EU?

Yes. The free trade agreement between the Faroe Islands and the EU (in force since 1997) grants tariff preferences for many goods, especially fish products. A valid proof of origin such as EUR.1 or an origin declaration is required.

Full logistics profile on Freight Academy ↗