Marshall Islands (MHL) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Marshall Islands-Norway Trade: In 2022, Marshall Islands exported $3k to Norway. The main products that Marshall Islands exported to Norway were Live Fish ($3k). Over the past 6 years the exports of Marshall Islands to Norway have decreased at an annualized rate of 75.3%, from $13.2M in 2016 to $3k in 2022.

In 2022, Marshall Islands did not export any services to Norway.

Norway-Marshall Islands Trade: In 2022, Norway exported $7.84M to Marshall Islands. The main products that Norway exported to Marshall Islands were Passenger and Cargo Ships ($6.36M), Machinery Having Individual Functions ($261k), and Centrifuges ($137k). Over the past 6 years the exports of Norway to Marshall Islands have increased at an annualized rate of 12.1%, from $3.14M in 2016 to $7.84M in 2022.

In 2022, Norway did not export any services to Marshall Islands.

Comparison In 2022, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Marshall Islands exported $3k to Norway. The main products exported from Marshall Islands to Norway were Live Fish ($3k). During the last 6 years the exports of Marshall Islands to Norway have decreased at an annualized rate of 75.3%, from $13.2M in 2016 to $3k in 2022.

In 2017, Norway exported $7.84M to Marshall Islands. The main products exported from Norway to Marshall Islands were Passenger and Cargo Ships ($6.36M), Machinery Having Individual Functions ($261k), and Centrifuges ($137k). During the last 5 years the exports of Norway to Marshall Islands have increased at an annualized rate of 12.1%, from $3.14M in 2022 to $7.84M in 2017.

Exports from Marshall Islands () to Norway () (2022)

Exports from Norway () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Marshall Islands
Top DestinationGermany$327M

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Marshall Islands than Norway included Malta ($66.2M), Rwanda ($10.3M), and Tanzania ($41M).

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

Difference in imports from Norway () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Marshall Islands had a large net trade with Norway in the exports of Animal Products ($3k).

During 2017, Norway had a large net trade with Marshall Islands in the exports of Transportation ($6.37M), Machines ($1.01M), and Instruments ($259k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Marshall Islands () to Norway () (2022)

Exports from Norway () to Marshall Islands () (2022)

Latest Data

Trade between Marshall Islands () and Norway ()

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Marshall Islands () (2022)

Comparative Advantage Marshall Islands - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Marshall Islands () and Norway () (2022)

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