Norway (NOR) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

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Norway-Bahamas Trade: In 2022, Norway exported $16.2M to Bahamas. The main products that Norway exported to Bahamas were Surveying Equipment ($6.42M), Recreational Boats ($1.48M), and Valves ($1.3M). Over the past 5 years the exports of Norway to Bahamas have decreased at an annualized rate of 29.5%, from $92.8M in 2017 to $16.2M in 2022.

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

Bahamas-Norway Trade: In 2022, Bahamas exported $1.68M to Norway. The main products that Bahamas exported to Norway were Surveying Equipment ($601k), Paintings ($241k), and Other Floating Structures ($228k). Over the past 5 years the exports of Bahamas to Norway have increased at an annualized rate of 19.1%, from $590k in 2017 to $1.68M in 2022.

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

Comparison In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK2.64M and imported NOK352k from Bahamas, resulting in a positive trade balance of NOK2.28M. Between October 2023 and October 2024 the exports of Norway have increased by NOK382k (17%) from NOK2.25M to NOK2.64M, while imports increased by NOK73k (26.2%) from NOK279k to NOK352k.

Trade In October 2024, the top exports of Norway to Bahamas were Furniture, and parts thereof; bedding, mattresses,... (NOK304k), Professional, scientific and controlling instruments and... (NOK284k), Office machines and automatic data-processing machines (NOK193k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK179k), and Rubber manufactures, n.e.s. (NOK135k). In October 2024 the top imports of Norway from Bahamas were Special transactions and commodities not classified... (NOK228k), Plastics in non-primary forms (NOK16k), Crude animal and vegetable materials, n.e.s. (NOK2k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In October 2024, the increase in Norway's year-by-year exports to Bahamas was explained primarily by an increase in product exports in Professional, scientific and controlling instruments and... (NOK246k or 647%), Telecommunications and sound-recording and reproducing apparatus... (NOK79k or 316%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK67k or 59.8%). In October 2024, the increase in Norway's year-by-year imports from Bahamas was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)NOK382k(17%)

IMPORT GROWTH (October 2023 - October 2024)NOK73k(26.2%)

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

To check Bahamas and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $16.2M to Bahamas. The main products exported from Norway to Bahamas were Surveying Equipment ($6.42M), Recreational Boats ($1.48M), and Valves ($1.3M). During the last 5 years the exports of Norway to Bahamas have decreased at an annualized rate of 29.5%, from $92.8M in 2017 to $16.2M in 2022.

In 2017, Bahamas exported $1.68M to Norway. The main products exported from Bahamas to Norway were Surveying Equipment ($601k), Paintings ($241k), and Other Floating Structures ($228k). During the last 5 years the exports of Bahamas to Norway have increased at an annualized rate of 19.1%, from $590k in 2022 to $1.68M in 2017.

Exports from Norway () to Bahamas () (2022)

Exports from Bahamas () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Bahamas
Top DestinationUnited States$1.4B

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

In 2022, countries that imported more from Norway than Bahamas included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Bahamas than Norway included Cote d'Ivoire ($576M), Barbados ($30M), and Seychelles ($20.5M).

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

Comparative Advantage Norway - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Bahamas in the exports of Instruments ($7.21M), Machines ($5.37M), and Transportation ($1.83M).

During 2017, Bahamas had a large net trade with Norway in the exports of Instruments ($608k), Transportation ($436k), and Machines ($330k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Bahamas () (2022)

Exports from Bahamas () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Bahamas

Economic Complexity

Competitive Landscape

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

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