2023
Flag  
GDP
$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH
21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC 
$49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH
13.9%CURRENT US$
Rnk 124 / 195

About

United Kingdom-Norfolk Island Trade: In 2023, United Kingdom exported $30.2k to Norfolk Island. The main products that United Kingdom exported to Norfolk Island were Aircraft parts (gliders, balloons, and powered aircraft) ($10.3k), Delivery Trucks ($6.22k), and Trailers and semi-trailers, not mechanically propelled vehicles ($6.22k). Over the past 6 years the exports of United Kingdom to Norfolk Island have increased at an annualized rate of 34.4%, from $5.12k in 2017 to $30.2k in 2023.

In 2023, United Kingdom did not export any services to Norfolk Island.

Norfolk Island-United Kingdom Trade: In 2023, Norfolk Island exported $82.6k to United Kingdom. The main products that Norfolk Island exported to United Kingdom were Electrical Control Boards ($65.8k), Telephones ($9.07k), and Other Oily Seeds ($7.74k). Over the past 6 years the exports of Norfolk Island to United Kingdom have increased at an annualized rate of 72.8%,  from $3.11k in 2017 to $82.6k in 2023.

In 2023, Norfolk Island did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Norfolk Island ranked 223 in total exports ($2.11M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $30.2k to Norfolk Island. The main products exported from United Kingdom to Norfolk Island were Aircraft parts (gliders, balloons, and powered aircraft) ($10.3k), Delivery Trucks ($6.22k), and Trailers and semi-trailers, not mechanically propelled vehicles ($6.22k). During the last 6 years the exports of United Kingdom to Norfolk Island have increased at an annualized rate of 34.4%, from $5.12k in 2017 to $30.2k in 2023.

In 2018, Norfolk Island exported $82.6k to United Kingdom. The main products exported from Norfolk Island to United Kingdom were Electrical Control Boards ($65.8k), Telephones ($9.07k), and Other Oily Seeds ($7.74k). During the last 5 years the exports of Norfolk Island to United Kingdom have increased at an annualized rate of 72.8%, from $3.11k in 2023 to $82.6k in 2018.

Exports from United Kingdom (Flag) to Norfolk Island (Flag) (2023)

Exports from Norfolk Island (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top Destination
United States$59.7B
Norfolk Island
Top Destination
United States$655k

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

In 2023, countries that imported more from United Kingdom than Norfolk Island included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, no countries were registered that imported more from Norfolk Island than from United Kingdom.

Difference in imports from Norfolk Island (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Norfolk Island

Flow
Scale

This chart compares trade between United Kingdom and Norfolk Island by product, considering products traded by both, United Kingdom and Norfolk Island.

During 2023, United Kingdom had a large net trade with Norfolk Island in the exports of Transportation ($27.7k), Machines ($1.22k), and Textiles ($1.22k).

During 2018, Norfolk Island had a large net trade with United Kingdom in the exports of Machines ($74.8k) and Vegetable Products ($7.74k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Norfolk Island (Flag) (2023)

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