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2023
Flag → Flag
Exports $3.01MRnk 134 / 205
2023
Flag → Flag
Top Product $613kSpecial Purpose Ships
2023
Flag → Flag
Exports $54.4MRnk 8 / 76
2023
Flag → Flag
Top Product $54.4MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$259MCURRENT US$
Rnk 193 / 195
2013-2023
Flag
GDP GROWTH39.1%CURRENT US$
Rnk 94 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$6,678CURRENT US$
Rnk 107 / 196
2013-2023
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GDP PC GROWTH81.6%CURRENT US$
Rnk 14 / 195

About

Norway-Marshall Islands Trade: In 2023, Norway exported $3.01M to Marshall Islands. The main products that Norway exported to Marshall Islands were Special Purpose Ships ($613k), Thermostats ($507k), and Computers ($348k). Over the past 5 years the exports of Norway to Marshall Islands have decreased at an annualized rate of 34.3%, from $24.6M in 2018 to $3.01M in 2023.

In 2023, Norway did not export any services to Marshall Islands.

Marshall Islands-Norway Trade: In 2023, Marshall Islands exported $54.4M to Norway. The main products that Marshall Islands exported to Norway were Passenger and Cargo Ships ($54.4M) and Live Fish ($1.35k). Over the past 5 years the exports of Marshall Islands to Norway have increased at an annualized rate of 37.2%,  from $11.2M in 2018 to $54.4M in 2023.

In 2023, Marshall Islands did not export any services to Norway.

Comparison In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47),  and 33 in total exports ($187B). That same year, Marshall Islands ranked 164 in total exports ($917M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK2.35M and imported NOK0 from Marshall Islands, resulting in a positive trade balance of NOK2.35M. Between January 2024 and January 2025 the exports of Norway have increased by NOK1.13M (93.1%) from NOK1.22M to NOK2.35M, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In January 2025, the top exports of Norway to Marshall Islands were General industrial machinery and equipment, n.e.s.,... (NOK491k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK304k), Professional, scientific and controlling instruments and... (NOK138k), Office machines and automatic data-processing machines (NOK85k), and Manufactures of metals, n.e.s. (NOK79k). In January 2025 the top imports of Norway from Marshall Islands 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).

Growth In January 2025, the increase in Norway's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK186k or 158%), Manufactures of metals, n.e.s. (NOK20k or 33.9%), and Professional, scientific and controlling instruments and... (NOK15k or 12.2%). In January 2025, the change in Norway's year-by-year imports  from Marshall Islands was explained primarily by an decrease in product imports  in Other transport equipment (NOK-27.4M or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2024 - January 2025)NOK1.13M(93.1%)
IMPORT GROWTH (January 2024 - January 2025)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 Marshall Islands and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Marshall Islands and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $3.01M to Marshall Islands. The main products exported from Norway to Marshall Islands were Special Purpose Ships ($613k), Thermostats ($507k), and Computers ($348k). During the last 5 years the exports of Norway to Marshall Islands have decreased at an annualized rate of 34.3%, from $24.6M in 2018 to $3.01M in 2023.

In 2018, Marshall Islands exported $54.4M to Norway. The main products exported from Marshall Islands to Norway were Passenger and Cargo Ships ($54.4M) and Live Fish ($1.35k). During the last 5 years the exports of Marshall Islands to Norway have increased at an annualized rate of 37.2%, from $11.2M in 2023 to $54.4M in 2018.

Exports from Norway (Flag) to Marshall Islands (Flag) (2023)

Exports from Marshall Islands (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Marshall Islands
Top DestinationUnited Kingdom$150M

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

In 2023, countries that imported more from Norway than Marshall Islands included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Marshall Islands than Norway included Tanzania ($68.2M), Fiji ($947k), and Samoa ($39.1k).

Difference in imports from Marshall Islands (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Marshall Islands

Flow
Scale

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

During 2023, Norway had a large net trade with Marshall Islands in the exports of Machines ($1.68M), Transportation ($613k), and Instruments ($581k).

During 2018, Marshall Islands had a large net trade with Norway in the exports of Transportation ($54.4M) and Animal Products ($1.35k).

Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and Marshall Islands (Flag) (2023)

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