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Pricing

2022
Flag → Flag
Exports $16.2kRnk 213 / 217
2022
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Top Product $16.2kJewellery
2022
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Exports $316kRnk 1 / 45
2022
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Top Product $116kStone Working Machines
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 124
2022
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GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
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GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

India-Norfolk Island In 2022, India exported $16.2k to Norfolk Island. The main products that India exported to Norfolk Island are Jewellery ($16.2k). During the last 27 years the exports of India to Norfolk Island have decreased at an annualized rate of 9.27%, from $224k in 1995 to $16.2k in 2022.

In 2022, India did not export any services to Norfolk Island.

Norfolk Island-India In 2022, Norfolk Island exported $316k to India. The main products that Norfolk Island exported to India were Stone Working Machines ($116k), Industrial Food Preperation Machinery ($83.8k), and Polyacetals ($51.6k). During the last 27 years the exports of Norfolk Island to India have increased at an annualized rate of 5.73%, from $70.3k in 1995 to $316k in 2022.

In 2022, Norfolk Island did not export any services to India.

Comparison In 2022,  India ranked 42 in the Economic Complexity Index (ECI 0.57),  and 15 in total exports ($468B). That same year, Norfolk Island ranked 225 in total exports ($1.96M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, India exported $4.5k and imported $61k from Norfolk Island, resulting in a negative trade balance of $56.5k. Between January 2023 and January 2024 the exports of India have increased by $4.49k (34.5k%) from $13 to $4.5k, while imports increased by $51.1k (520%) from $9.83k to $61k.

Trade In January 2024, the top exports of India to Norfolk Island were Manmade Yarn,Fabrics,Madeups ($13). In January 2024 the top imports of India from Norfolk Island were .

Growth In January 2024, the increase in India's year-by-year exports to Norfolk Island was explained primarily by an increase in product exports in . In December 2023, the increase in India's year-by-year imports  from Norfolk Island was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)$4.49k(34.5k%)
IMPORT GROWTH (December 2022 - December 2023)$51.1k(520%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Norfolk Island and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $16.2k to Norfolk Island. The main products exported from India to Norfolk Island were Jewellery ($16.2k). During the last 27 years the exports of India to Norfolk Island have decreased at an annualized rate of 9.27%, from $224k in 1995 to $16.2k in 2022.

In 2022, Norfolk Island exported $316k to India. The main products exported from Norfolk Island to India were Stone Working Machines ($116k), Industrial Food Preperation Machinery ($83.8k), and Polyacetals ($51.6k). During the last 23 years the exports of Norfolk Island to India have increased at an annualized rate of 5.73%, from $70.3k in 1999 to $316k in 2022.

Exports from India (Flag) to Norfolk Island (Flag) (2022)

Exports from Norfolk Island (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Norfolk Island
Top DestinationIndia$316k

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

In 2021, countries that imported more from India than Norfolk Island were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2019, no countries were registered that imported more from Norfolk Island than from India.

Difference in imports from Norfolk Island (Flag) and India (Flag) (2022)

Comparative Advantage India - Norfolk Island

Flow
Scale

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

During 2022, India had a large net trade with Norfolk Island in the exports of Precious Metals ($16.2k).

During 2022, Norfolk Island had a large net trade with India in the exports of Machines ($200k), Plastics and Rubbers ($51.6k), and Transportation ($41.2k).

Economic Complexity

Competitive Landscape

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 India has comparative advantage over Norfolk Island. Similarly, the more yellow a dot/product is, the more Norfolk Island has comparative advantage over India.

Product Space of India (Flag) and Norfolk Island (Flag) (2022)

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