Flag Norway / Aruba Flag

2021
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Exports
: $3.66M, Rnk 126 / 204

2021
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Top Product
: $3.4M, Aluminium Structures

2021
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Exports
: $392, Rnk 67 / 74

2021
FlagFlag
Top Product
: $392, Boat Propellers

2021
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Economic Complexity (ECI)
: ECI 0.69, Rnk 38 / 131

2021
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GDP
: $482B, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP GROWTH
: -3.18%, CURRENT US$
Rnk 156 / 182

2021
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GDP PC 
: $89,203, CURRENT US$
Rnk 5 / 182

2011-2021
Flag
GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 150 / 182

Norway-Aruba In 2021, Norway exported $3.66M to Aruba. The main products that Norway exported to Aruba are Aluminium Structures ($3.4M), Audio Alarms ($69.5k), and Water ($28k). During the last 26 years the exports of Norway to Aruba have increased at an annualized rate of 11%, from $242k in 1995 to $3.66M in 2021.

In 2021, Norway did not export any services to Aruba.

Aruba-Norway In 2021, Aruba exported $392 to Norway. The main products that Aruba exported to Norway were Boat Propellers ($392). During the last 26 years the exports of Aruba to Norway have decreased at an annualized rate of 4.17%, from $1.19k in 1995 to $392 in 2021.

In 2021, Aruba did not export any services to Norway.

Comparison In 2021,  Norway ranked 38 in the Economic Complexity Index (ECI 0.69),  and 33 in total exports ($164B). That same year, Aruba ranked 184 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Norway exported $3.66M to Aruba. The main products exported from Norway to Aruba were Aluminium Structures ($3.4M), Audio Alarms ($69.5k), and Water ($28k). During the last 26 years the exports of Norway to Aruba have increased at an annualized rate of 11%, from $242k in 1995 to $3.66M in 2021.

In 2021, Aruba exported $392 to Norway. The main products exported from Aruba to Norway were Boat Propellers ($392). During the last 22 years the exports of Aruba to Norway have decreased at an annualized rate of 4.17%, from $1.19k in 1999 to $392 in 2021.

Market Competitiveness

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Color

Norway
Top Destination
: United Kingdom, $33.5B

Aruba
Top Destination
: South Korea, $80.3M

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

In 2021, countries that imported more from Norway than Aruba were United Kingdom ($33.5B), Germany ($31.5B), and Sweden ($13.7B).

In 2021, countries that imported more from Aruba than Norway were Colombia ($43.7M), Curaçao ($7.93M), and Venezuela ($1.25M).

Comparative Advantage Norway - Aruba

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Flow
Scale

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

During 2021, Norway had a large net trade with Aruba in the exports of Metals ($3.42M), Machines ($131k), and Textiles ($30.7k).

During 2021, Aruba had a large net trade with Norway in the exports of Machines ($392).

Economic Complexity

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Competitive Landscape

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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 Norway has comparative advantage over Aruba. Similarly, the more yellow a dot/product is, the more Aruba has comparative advantage over Norway.