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2022
Flag → Flag
Exports $3kRnk 68 / 80
2022
Flag → Flag
Top Product $3kLive Fish
2022
Flag → Flag
Exports $7.84MRnk 113 / 209
2022
Flag → Flag
Top Product $6.36MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC $6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

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 20.1%,  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
Value

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 20.1%, from $3.14M in 2022 to $7.84M in 2017.

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

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

Latest Data

Trade between Marshall Islands (Flag) and Norway (Flag)

Norway Exports

Market Competitiveness

Color
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 (Flag) and Marshall Islands (Flag) (2022)

Comparative Advantage Marshall Islands - Norway

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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