# Falkland Islands (FK) **Capital:** Stanley **Currency:** Falkland Pound (FKP) (FKP) **Population:** 3,662 — Older stored figure; source year not documented. **Area:** 12,173 km² > The Falkland Islands are a remote British Overseas Territory in the South Atlantic with a separate customs territory and no VAT. Supplies arrive via the FIPASS port in Stanley and Mount Pleasant Airport. Main exports are squid, fish, wool and meat, mainly to Spain and the EU; imports include food, fuel, machinery and consumer goods. The Falkland Islands (ISO Code: FK) are a British Overseas Territory located in the South Atlantic, about 500 kilometers east of the coast of Argentina. Politically, the islands are governed by the United Kingdom but have autonomous administration with a parliamentary system. The climate is cold-temperate, windy, and humid, with mild summers and cool winters. Economically, fishing, agriculture, and increasingly tourism play the most important roles, while industrial activities are limited. Foreign trade focuses on fishing exports; the country is heavily dependent on imports such as food, fuel, and consumer goods. Strategically located ports ensure transit and logistics functions, especially for supply and trade in the southern Atlantic. The national currency is the Falkland Pound (FKP), which has a fixed exchange rate to the British Pound, enabling stable trade and financial transactions. Due to the remote location, infrastructure and transport capacities are central to the supply of the islands and international trade. The combination of political stability, geostrategic location, and maritime resource utilization shapes the economic significance of the Falkland Islands. **Top Import Partners:** GB, ES, NL, CL, US **Top Export Partners:** ES, CN, US, NL, IT **Top Import Goods:** Food, Machinery, Fuels, Vehicles, Consumer goods **Top Export Goods:** Fish, Seafood, Wool, Meat, Building products **Key Airports:** - [Mount Pleasant Airport (MPN)](https://www.freight-academy.com/en/information/airports/mount-pleasant-airport-mpn) - [Port Stanley Airport (PSY)](https://www.freight-academy.com/en/information/airports/port-stanley-airport-psy) - [Bleaker Island Airport](https://www.freight-academy.com/en/information/airports/bleaker-island-airport-3757) - [Carcass Island Landing Strip](https://www.freight-academy.com/en/information/airports/carcass-island-landing-strip-airport-5628) - [Chartres Airport](https://www.freight-academy.com/en/information/airports/chartres-airport-6323) - [Dunnose Head Airport](https://www.freight-academy.com/en/information/airports/dunnose-head-airport-9191) - [Fox Bay Clay Airstrip](https://www.freight-academy.com/en/information/airports/fox-bay-clay-airstrip-airport-11036) - [Fox Bay East Airstrip](https://www.freight-academy.com/en/information/airports/fox-bay-east-airstrip-airport-11037) - [George Island Airport](https://www.freight-academy.com/en/information/airports/george-island-airport-11666) - [Goose Green Airfield](https://www.freight-academy.com/en/information/airports/goose-green-airport-12088) ## Customs & Import **Import VAT:** No value added tax (VAT) and no sales tax. Instead, import duty according to the tariff and excise duties on alcohol, tobacco and mineral oils apply. **Customs complexity:** medium **Customs system:** Import clearance under the Customs Ordinance through Customs & Immigration in Stanley. Import duty according to the tariff; certain basic food and medical products are duty-free. No VAT. **Customs authority:** [Falkland Islands Government - Customs & Immigration](https://www.gov.fk/customs/) ## Logistics & Risk **Logistics role:** Remote island supply and fishing export hub in the South Atlantic **Economic area:** British Overseas Territory (UKOT), separate customs territory **Logistics risk:** medium **Dangerous goods relevance:** medium **Pharma/cold chain:** low ## FAQ ### Is there value added tax (VAT) in the Falkland Islands? No. The Falkland Islands do not levy value added tax or sales tax. Instead, imports are subject to import duty according to the tariff; in addition, excise duties apply to alcohol, tobacco and mineral oils. ### Which authority is responsible for customs? Responsible authority is the Customs & Immigration Service of the Falkland Islands Government, based on Ross Road in Stanley. Imports are governed by the Customs Ordinance and the applicable customs tariff. ### How are goods transported to the Falkland Islands? Sea freight arrives via the FIPASS port in Stanley, and air freight via Mount Pleasant International Airport (MPN). Due to the remote location and low frequency of services, advance planning is important. ### What do the Falkland Islands mainly export? The main export good is squid (calamari), which makes up a large part of the fishing industry, followed by fish, wool and meat. The catches go mainly to Spain and the EU, as well as to the Far East. ### Do UK sanctions and export controls apply in the Falkland Islands? Yes. As a British Overseas Territory, UK sanctions and export control regimes are extended to the territory through Orders in Council, such as the Russia (Sanctions) (Overseas Territories) Order 2020. Shipments should be checked accordingly. ### What currency is used in the Falkland Islands? The legal tender is the Falkland pound (FKP), which is pegged at a fixed 1:1 rate to the British pound (GBP). This facilitates stable trade and financial transactions. ## Sources & Last Verified - [https://www.gov.fk/customs/](https://www.gov.fk/customs/) - [https://www.falklands.gov.fk/taxation](https://www.falklands.gov.fk/taxation) - [https://www.gov.fk/customs/wp-content/uploads/sites/8/2025/10/CI_Duty_and_Charges_FY_2025-26.pdf](https://www.gov.fk/customs/wp-content/uploads/sites/8/2025/10/CI_Duty_and_Charges_FY_2025-26.pdf) - [https://www.falklands.gov.fk/taxation/images/General_Tax_Guide_Individuals_2024_onwards.pdf](https://www.falklands.gov.fk/taxation/images/General_Tax_Guide_Individuals_2024_onwards.pdf) - [https://legislation.gov.fk](https://legislation.gov.fk) - [https://www.falklands.gov.fk/policy/2021-census/census](https://www.falklands.gov.fk/policy/2021-census/census) - [https://www.gov.fk/commercialservices/capital-projects/new-port-development/new-port-construction-contracts-signed/](https://www.gov.fk/commercialservices/capital-projects/new-port-development/new-port-construction-contracts-signed/) - [https://www.falklands.gov.fk/aviationservice/](https://www.falklands.gov.fk/aviationservice/) *Last verified: 2026-06-22* --- *Freight Academy — Country Profile: [https://www.freight-academy.com/en/information/land/fk](https://www.freight-academy.com/en/information/land/fk)* *Markdown mirror: [https://www.freight-academy.com/api/md/country/en/fk](https://www.freight-academy.com/api/md/country/en/fk)*