Micronesia (FSM) and Norway (NOR) Trade | The Observatory of Economic Complexity

About

Micronesia-Norway In 2022, Micronesia exported $5.54k to Norway. The main products that Micronesia exported to Norway are Trunks and Cases ($5.54k). During the last 0 years the exports of Micronesia to Norway have remained the same at an annualized rate of N/A%, from $5.54k in 2022 to $5.54k in 2022.

In 2022, Micronesia did not export any services to Norway.

Norway-Micronesia In 2022, Norway exported $86.9k to Micronesia. The main products that Norway exported to Micronesia were Compasses ($69.3k), Air Pumps ($7.62k), and Low-voltage Protection Equipment ($3.45k). During the last 0 years the exports of Norway to Micronesia have increased at an annualized rate of N/A%, from $4.24k in 2022 to $86.9k in 2022.

In 2022, Norway did not export any services to Micronesia.

Comparison In 2022, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Micronesia exported $5.54k to Norway. The main products exported from Micronesia to Norway were Trunks and Cases ($5.54k).

In 2022, Norway exported $86.9k to Micronesia. The main products exported from Norway to Micronesia were Compasses ($69.3k), Air Pumps ($7.62k), and Low-voltage Protection Equipment ($3.45k). During the last 27 years the exports of Norway to Micronesia have increased at an annualized rate of N/A%, from $4.24k in 1995 to $86.9k in 2022.

Exports from Micronesia () to Norway () (2022)

Exports from Norway () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Micronesia
Top DestinationThailand$143M

Norway
Top DestinationGermany$78.1B

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

In 2021, countries that imported more from Micronesia than Norway were Fiji ($1.5M).

In 2021, countries that imported more from Norway than Micronesia were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and Micronesia () (2022)

Comparative Advantage Micronesia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Micronesia had a large net trade with Norway in the exports of Animal Hides ($5.54k).

During 2022, Norway had a large net trade with Micronesia in the exports of Instruments ($69.3k) and Machines ($17.6k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Micronesia has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Micronesia.

About

Historical Data

Bilateral Trade by Products

Exports from Micronesia () to Norway () (2022)

Exports from Norway () to Micronesia () (2022)

Latest Data

Trade between Micronesia () and Norway ()

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Micronesia () (2022)

Comparative Advantage Micronesia - Norway

Economic Complexity

Competitive Landscape

Product Space of Micronesia () and Norway () (2022)

Keep Exploring