2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Norway-Curaçao Trade: In 2022, Norway exported $919k to Curaçao. The main products that Norway exported to Curaçao were Engine Parts ($345k), Fish Fillets ($232k), and Electrical Control Boards ($74.8k). Over the past 5 years the exports of Norway to Curaçao have decreased at an annualized rate of 10.3%, from $1.58M in 2017 to $919k in 2022.

In 2022, Norway did not export any services to Curaçao.

Curaçao-Norway Trade: In 2022, Curaçao exported $69.4k to Norway. The main products that Curaçao exported to Norway were Low-voltage Protection Equipment ($35.6k), Boat Propellers ($18.6k), and Machinery Having Individual Functions ($15.2k). Over the past 5 years the exports of Curaçao to Norway have decreased at an annualized rate of 27.6%,  from $348k in 2017 to $69.4k in 2022.

In 2022, Curaçao did not export any services to Norway.

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54),  and 28 in total exports ($285B). That same year, Curaçao ranked 181 in total exports ($255M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $919k to Curaçao. The main products exported from Norway to Curaçao were Engine Parts ($345k), Fish Fillets ($232k), and Electrical Control Boards ($74.8k). During the last 5 years the exports of Norway to Curaçao have decreased at an annualized rate of 10.3%, from $1.58M in 2017 to $919k in 2022.

In 2017, Curaçao exported $69.4k to Norway. The main products exported from Curaçao to Norway were Low-voltage Protection Equipment ($35.6k), Boat Propellers ($18.6k), and Machinery Having Individual Functions ($15.2k). During the last 5 years the exports of Curaçao to Norway have decreased at an annualized rate of 27.6%, from $348k in 2022 to $69.4k in 2017.

Exports from Norway (Flag) to Curaçao (Flag) (2022)

Exports from Curaçao (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Curaçao
Top Destination
United States$43.3M

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

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

In 2022, countries that imported more from Curaçao than Norway included Aruba ($15.7M), Costa Rica ($40.8M), and Grenada ($3.02M).

Difference in imports from Curaçao (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Curaçao

Flow
Scale

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

During 2022, Norway had a large net trade with Curaçao in the exports of Machines ($576k), Animal Products ($249k), and Foodstuffs ($53k).

During 2017, Curaçao had a large net trade with Norway in the exports of Machines ($69.4k).

Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and Curaçao (Flag) (2022)

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