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2023
Flag → Flag
Exports $6.62kRnk 54 / 90
2023
Flag → Flag
Top Product $2.9kNon-Knit Men's Suits
2023
Flag → Flag
Exports $4.39MRnk 126 / 205
2023
Flag → Flag
Top Product $2.09MExcavation Machinery
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC $125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Bermuda-Norway Trade: In 2023, Bermuda exported $6.62k to Norway. The main products that Bermuda exported to Norway were Non-Knit Men's Suits ($2.9k), Gas and Liquid Flow Measuring Instruments ($2.77k), and Other Heating Machinery ($653). Over the past 5 years the exports of Bermuda to Norway have decreased at an annualized rate of 36.8%, from $65.6k in 2018 to $6.62k in 2023.

In 2023, Bermuda did not export any services to Norway.

Norway-Bermuda Trade: In 2023, Norway exported $4.39M to Bermuda. The main products that Norway exported to Bermuda were Excavation Machinery ($2.09M), Air Pumps ($266k), and Other Measuring Instruments ($212k). Over the past 5 years the exports of Norway to Bermuda have increased at an annualized rate of 10.8%,  from $2.63M in 2018 to $4.39M in 2023.

In 2023, Norway did not export any services to Bermuda.

Comparison In 2023,  Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $6.62k to Norway. The main products exported from Bermuda to Norway were Non-Knit Men's Suits ($2.9k), Gas and Liquid Flow Measuring Instruments ($2.77k), and Other Heating Machinery ($653). During the last 5 years the exports of Bermuda to Norway have decreased at an annualized rate of 36.8%, from $65.6k in 2018 to $6.62k in 2023.

In 2018, Norway exported $4.39M to Bermuda. The main products exported from Norway to Bermuda were Excavation Machinery ($2.09M), Air Pumps ($266k), and Other Measuring Instruments ($212k). During the last 5 years the exports of Norway to Bermuda have increased at an annualized rate of 10.8%, from $2.63M in 2023 to $4.39M in 2018.

Exports from Bermuda (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Bermuda (Flag) (2023)

Latest Data

Trade between Bermuda (Flag) and Norway (Flag)

Bermuda Exports

Norway Exports

Market Competitiveness

Color
Bermuda
Top DestinationGermany$101M
Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Bermuda than Norway included Montserrat ($12.7k).

In 2023, countries that imported more from Norway than Bermuda included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

Difference in imports from Norway (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - Norway

Flow
Scale

This chart compares trade between Bermuda and Norway by product, considering products traded by both, Bermuda and Norway.

During 2023, Bermuda had a large net trade with Norway in the exports of Textiles ($2.9k), Instruments ($2.77k), and Machines ($938).

During 2018, Norway had a large net trade with Bermuda in the exports of Machines ($3.47M), Instruments ($416k), and Plastics and Rubbers ($190k).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Norway (Flag) (2023)

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