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2023
Flag → Flag
Exports $16.4MRnk 115 / 211
2023
Flag → Flag
Top Product $1.28MCars
2023
Flag → Flag
Exports $60.2kRnk 12 / 40
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC $64,821CURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Australia-Norfolk Island Trade: In 2023, Australia exported $16.4M to Norfolk Island. The main products that Australia exported to Norfolk Island were Cars ($1.28M), Machinery Having Individual Functions ($1.17M), and Other Edible Preparations ($770k). Over the past 5 years the exports of Australia to Norfolk Island have increased at an annualized rate of 27%, from $4.96M in 2018 to $16.4M in 2023.

In 2023, Australia did not export any services to Norfolk Island.

Norfolk Island-Australia Trade: In 2023, Norfolk Island exported $60.2k to Australia. The main products that Norfolk Island exported to Australia were N/A. Over the past 5 years the exports of Norfolk Island to Australia have decreased at an annualized rate of 1.97%,  from $66.5k in 2018 to $60.2k in 2023.

In 2023, Norfolk Island did not export any services to Australia.

Comparison In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28),  and 20 in total exports ($374B). That same year, Norfolk Island ranked 223 in total exports ($2.11M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Australia exported $16.4M to Norfolk Island. The main products exported from Australia to Norfolk Island were Cars ($1.28M), Machinery Having Individual Functions ($1.17M), and Other Edible Preparations ($770k). During the last 5 years the exports of Australia to Norfolk Island have increased at an annualized rate of 27%, from $4.96M in 2018 to $16.4M in 2023.

In 2018, Norfolk Island exported $60.2k to Australia. There were not main exports from Norfolk Island to Australia in 2018. During the last 5 years the exports of Norfolk Island to Australia have decreased at an annualized rate of 1.97%, from $66.5k in 2023 to $60.2k in 2018.

Exports from Australia (Flag) to Norfolk Island (Flag) (2023)

Exports from Norfolk Island (Flag) to Australia (Flag) (2023)

Latest Data

Trade between Australia (Flag) and Norfolk Island (Flag)

Australia Exports

Market Competitiveness

Color
Australia
Top DestinationChina$137B
Norfolk Island
Top DestinationUnited States$655k

This map shows whether countries import more from Australia or Norfolk Island. Each country is colored based on the difference in imports they receive from Australia and Norfolk Island or the difference in the growth in imports.

In 2023, countries that imported more from Australia than Norfolk Island included China ($137B), Japan ($59B), and South Korea ($20.9B).

In 2023, no countries were registered that imported more from Norfolk Island than from Australia.

Difference in imports from Norfolk Island (Flag) and Australia (Flag) (2023)

Comparative Advantage Australia - Norfolk Island

Flow
Scale

This chart compares trade between Australia and Norfolk Island by product, considering products traded by both, Australia and Norfolk Island.

During 2023, Australia had a large net trade with Norfolk Island in the exports of Machines ($5.83M), Transportation ($2.59M), and Foodstuffs ($2.45M).

During 2018, Norfolk Island had a large net trade with Australia in the exports of Vegetable Products ($60.2k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Australia and Norfolk Island. This means that a dot/product with the flag of Australia indicates it has a comparative advantage over Norfolk Island. Similarly, a dot/product with the flag of Norfolk Island indicates it has a comparative advantage over Australia.

Product Space of Australia (Flag) and Norfolk Island (Flag) (2023)

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