Norway (NOR) and Gibraltar (GIB) Trade | The Observatory of Economic Complexity

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Norway-Gibraltar Trade: In 2022, Norway exported $2.62M to Gibraltar. The main products that Norway exported to Gibraltar were Excavation Machinery ($644k), Machinery Having Individual Functions ($374k), and Engine Parts ($141k). Over the past 5 years the exports of Norway to Gibraltar have decreased at an annualized rate of 29.8%, from $15.4M in 2017 to $2.62M in 2022.

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

Gibraltar-Norway Trade: In 2022, Gibraltar exported $517k to Norway. The main products that Gibraltar exported to Norway were Other Sea Vessels ($260k), Boat Propellers ($106k), and Excavation Machinery ($48.3k). Over the past 5 years the exports of Gibraltar to Norway have increased at an annualized rate of 70%, from $36.4k in 2017 to $517k in 2022.

In 2022, Gibraltar 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, Gibraltar ranked 173 in total exports ($411M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK995k and imported NOK81k from Gibraltar, resulting in a positive trade balance of NOK914k. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-82k (-7.61%) from NOK1.08M to NOK995k, while imports increased by NOK81k (N/A%) from NOK0 to NOK81k.

Trade In October 2024, the top exports of Norway to Gibraltar were General industrial machinery and equipment, n.e.s.,... (NOK8.64M), Machinery specialized for particular industries (NOK540k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK350k), Rubber manufactures, n.e.s. (NOK312k), and Telecommunications and sound-recording and reproducing apparatus... (NOK175k). In October 2024 the top imports of Norway from Gibraltar were Manufactures of metals, n.e.s. (NOK43k), Machinery specialized for particular industries (NOK5k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0).

Growth In October 2024, the decrease in Norway's year-by-year exports to Gibraltar was explained primarily by an decrease in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-360k or -50.7%), Machinery specialized for particular industries (NOK-31k or -5.43%), and Manufactures of metals, n.e.s. (NOK-26k or -26%). In October 2024, the increase in Norway's year-by-year imports from Gibraltar 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)NOK-82k(-7.61%)

IMPORT GROWTH (October 2023 - October 2024)NOK81k(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 Gibraltar 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 $2.62M to Gibraltar. The main products exported from Norway to Gibraltar were Excavation Machinery ($644k), Machinery Having Individual Functions ($374k), and Engine Parts ($141k). During the last 5 years the exports of Norway to Gibraltar have decreased at an annualized rate of 29.8%, from $15.4M in 2017 to $2.62M in 2022.

In 2017, Gibraltar exported $517k to Norway. The main products exported from Gibraltar to Norway were Other Sea Vessels ($260k), Boat Propellers ($106k), and Excavation Machinery ($48.3k). During the last 5 years the exports of Gibraltar to Norway have increased at an annualized rate of 70%, from $36.4k in 2022 to $517k in 2017.

Exports from Norway () to Gibraltar () (2022)

Exports from Gibraltar () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Gibraltar
Top DestinationIreland$81.4M

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

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

In 2022, countries that imported more from Gibraltar than Norway included Cape Verde ($12.5M).

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

Comparative Advantage Norway - Gibraltar

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Gibraltar in the exports of Machines ($1.89M), Instruments ($495k), and Metals ($148k).

During 2017, Gibraltar had a large net trade with Norway in the exports of Transportation ($281k), Machines ($200k), and Miscellaneous ($16.5k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Gibraltar () (2022)

Exports from Gibraltar () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Gibraltar

Economic Complexity

Competitive Landscape

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

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