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Pricing

2022
Flag → Flag
Exports $86.9kRnk 188 / 209
2022
Flag → Flag
Top Product $69.3kCompasses
2022
Flag → Flag
Exports $1.35MRnk 29 / 52
2022
Flag → Flag
Top Product $5.54kTrunks and Cases
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$427MCURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP GROWTH30.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$3,741CURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

Norway-Micronesia Trade: 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). Over the past 8 years the exports of Norway to Micronesia have increased at an annualized rate of 25.8%, from $13.8k in 2014 to $86.9k in 2022.

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

Micronesia-Norway In N/A, Micronesia did not export any products to Norway.

In 2022, Micronesia 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, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Norway exported NOK0 and imported NOK0 from Micronesia, resulting in a remained the same trade balance of NOK0. Between March 2023 and March 2024 the exports of Norway have remained the same by NOK0 (N/A%) from NOK0 to NOK0, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In March 2024, the top exports of Norway to Micronesia were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0). In March 2024 the top imports of Norway from Micronesia were Articles of apparel and clothing accessories (NOK25k), 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 March 2024, the change in Norway's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in . In March 2024, the change in Norway's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (March 2023 - March 2024)NOK0(N/A%)
IMPORT GROWTH (March 2023 - March 2024)NOK0(N/A%)

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 Micronesia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Micronesia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 8 years the exports of Norway to Micronesia have increased at an annualized rate of 25.8%, from $13.8k in 2014 to $86.9k in 2022.

Micronesia does not register exports to Norway. The main products exported from Micronesia to Norway were Trunks and Cases ($5.54k).

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Micronesia
Top DestinationThailand$143M

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

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

In 2022, countries that imported more from Micronesia than Norway included Fiji ($1.5M).

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

Comparative Advantage Norway - Micronesia

Flow
Scale

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

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

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

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

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