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Pricing

2022
Flag → Flag
Exports $310MRnk 38 / 209
2022
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Top Product $306MPassenger and Cargo Ships
2022
Flag → Flag
Exports $55.9kRnk 31 / 89
2022
Flag → Flag
Top Product $53.6kMachinery Having Individual Functions
2022
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Economic Complexity (ECI) ECI 0.58Rnk 41 / 124
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
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GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
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GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Norway-Bermuda In 2022, Norway exported $310M to Bermuda. The main products that Norway exported to Bermuda are Passenger and Cargo Ships ($306M), Centrifuges ($416k), and Prints ($403k). During the last 27 years the exports of Norway to Bermuda have increased at an annualized rate of 8.59%, from $33.5M in 1995 to $310M in 2022.

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

Bermuda-Norway In 2022, Bermuda exported $55.9k to Norway. The main products that Bermuda exported to Norway were Machinery Having Individual Functions ($53.6k), Brochures ($1.34k), and Engine Parts ($421). During the last 27 years the exports of Bermuda to Norway have increased at an annualized rate of 4.42%, from $17.4k in 1995 to $55.9k in 2022.

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

Comparison In 2022,  Norway ranked 41 in the Economic Complexity Index (ECI 0.58),  and 28 in total exports ($285B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK1.86M and imported NOK2k from Bermuda, resulting in a positive trade balance of NOK1.86M. Between February 2023 and February 2024 the exports of Norway have increased by NOK94k (5.33%) from NOK1.77M to NOK1.86M, while imports decreased by NOK-5k (-71.4%) from NOK7k to NOK2k.

Trade In February 2024, the top exports of Norway to Bermuda were Professional, scientific and controlling instruments and... (NOK941k), General industrial machinery and equipment, n.e.s.,... (NOK559k), Non-metallic mineral manufactures, n.e.s. (NOK207k), Miscellaneous manufactured articles, n.e.s. (NOK207k), and Office machines and automatic data-processing machines (NOK99k). In February 2024 the top imports of Norway from Bermuda were Professional, scientific and controlling instruments and... (NOK29k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In February 2024, the increase in Norway's year-by-year exports to Bermuda was explained primarily by an increase in product exports in Professional, scientific and controlling instruments and... (NOK625k or 198%), Miscellaneous manufactured articles, n.e.s. (NOK205k or 10.3k%), and Office machines and automatic data-processing machines (NOK32k or 47.8%). In February 2024, the decrease in Norway's year-by-year imports  from Bermuda was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)NOK94k(5.33%)
IMPORT GROWTH (February 2023 - February 2024)NOK-5k(-71.4%)

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 Bermuda and Norway 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, Norway exported $310M to Bermuda. The main products exported from Norway to Bermuda were Passenger and Cargo Ships ($306M), Centrifuges ($416k), and Prints ($403k). During the last 27 years the exports of Norway to Bermuda have increased at an annualized rate of 8.59%, from $33.5M in 1995 to $310M in 2022.

In 2022, Bermuda exported $55.9k to Norway. The main products exported from Bermuda to Norway were Machinery Having Individual Functions ($53.6k), Brochures ($1.34k), and Engine Parts ($421). During the last 27 years the exports of Bermuda to Norway have increased at an annualized rate of 4.42%, from $17.4k in 1995 to $55.9k in 2022.

Exports from Norway (Flag) to Bermuda (Flag) (2022)

Exports from Bermuda (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Bermuda
Top DestinationZambia$17.5M

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

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

In 2021, countries that imported more from Bermuda than Norway were Zambia ($17.5M) and Zimbabwe ($4.06M).

Difference in imports from Bermuda (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Bermuda

Flow
Scale

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

During 2022, Norway had a large net trade with Bermuda in the exports of Transportation ($306M), Machines ($2.63M), and Instruments ($769k).

During 2022, Bermuda had a large net trade with Norway in the exports of Machines ($54.6k) and Paper Goods ($1.34k).

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

Product Space of Norway (Flag) and Bermuda (Flag) (2022)

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