2022
Flag  
GDP
$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC 
$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH
7.92%CURRENT US$
Rnk 122 / 186

About

United Kingdom-Norfolk Island In 2022, United Kingdom exported $244k to Norfolk Island. The main products that United Kingdom exported to Norfolk Island are Other Electrical Machinery ($125k) and Plastic Building Materials ($119k). During the last 21 years the exports of United Kingdom to Norfolk Island have increased at an annualized rate of 17.8%, from $7.82k in 2001 to $244k in 2022.

In 2022, United Kingdom did not export any services to Norfolk Island.

Norfolk Island-United Kingdom In 2022, Norfolk Island exported $5.96k to United Kingdom. The main products that Norfolk Island exported to United Kingdom were Gas and Liquid Flow Measuring Instruments ($3.11k), Valves ($1.64k), and Medical Instruments ($1.21k). During the last 21 years the exports of Norfolk Island to United Kingdom have decreased at an annualized rate of 6.87%, from $26.6k in 2001 to $5.96k in 2022.

In 2022, Norfolk Island did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). That same year, Norfolk Island ranked 225 in total exports ($1.96M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $244k to Norfolk Island. The main products exported from United Kingdom to Norfolk Island were Other Electrical Machinery ($125k) and Plastic Building Materials ($119k). During the last 21 years the exports of United Kingdom to Norfolk Island have increased at an annualized rate of 17.8%, from $7.82k in 2001 to $244k in 2022.

In 2022, Norfolk Island exported $5.96k to United Kingdom. The main products exported from Norfolk Island to United Kingdom were Gas and Liquid Flow Measuring Instruments ($3.11k), Valves ($1.64k), and Medical Instruments ($1.21k). During the last 16 years the exports of Norfolk Island to United Kingdom have decreased at an annualized rate of 6.87%, from $26.6k in 2006 to $5.96k in 2022.

Exports from United Kingdom (Flag) to Norfolk Island (Flag) (2022)

Exports from Norfolk Island (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top Destination
N/AN/A
Norfolk Island
Top Destination
N/AN/A

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.

N/A

N/A

Difference in imports from Norfolk Island (Flag) and United Kingdom (Flag) (2022)

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 2022, United Kingdom had a large net trade with Norfolk Island in the exports of Machines ($125k) and Plastics and Rubbers ($119k).

During 2022, Norfolk Island had a large net trade with United Kingdom in the exports of Instruments ($4.32k) and Machines ($1.64k).

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 United Kingdom has comparative advantage over Norfolk Island. Similarly, the more yellow a dot/product is, the more Norfolk Island has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Norfolk Island (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with