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2022
Flag → Flag
Exports $548kRnk 166 / 209
2022
Flag → Flag
Top Product $104kElectrical Transformers
2022
Flag → Flag
Exports $163MRnk 2 / 92
2022
Flag → Flag
Top Product $163MOther Sea Vessels
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Norway-Cayman Islands Trade: In 2022, Norway exported $548k to Cayman Islands. The main products that Norway exported to Cayman Islands were Electrical Transformers ($104k), Air Pumps ($82.9k), and Medical Instruments ($41.8k). Over the past 5 years the exports of Norway to Cayman Islands have decreased at an annualized rate of 59.8%, from $52.5M in 2017 to $548k in 2022.

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

Cayman Islands-Norway Trade: In 2022, Cayman Islands exported $163M to Norway. The main products that Cayman Islands exported to Norway were Other Sea Vessels ($163M), Recreational Boats ($250k), and Valves ($8.7k). Over the past 5 years the exports of Cayman Islands to Norway have increased at an annualized rate of 76.3%,  from $58.3k in 2017 to $163M in 2022.

In 2022, Cayman Islands 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, Cayman Islands ranked 165 in total exports ($737M), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK1.21M and imported NOK0 from Cayman Islands, resulting in a positive trade balance of NOK1.21M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-2.44M (-66.9%) from NOK3.65M to NOK1.21M, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In October 2024, the top exports of Norway to Cayman Islands were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK257k), General industrial machinery and equipment, n.e.s.,... (NOK30k), Miscellaneous manufactured articles, n.e.s. (NOK3k), Office machines and automatic data-processing machines (NOK2k), and Machinery specialized for particular industries (NOK1k). In October 2024 the top imports of Norway from Cayman Islands were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In October 2024, the decrease in Norway's year-by-year exports to Cayman Islands was explained primarily by an decrease in product exports in General industrial machinery and equipment, n.e.s.,... (NOK-247k or -89.2%) and Professional, scientific and controlling instruments and... (NOK-30k or -100%). In October 2024, the change in Norway's year-by-year imports  from Cayman Islands was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-2.44M(-66.9%)
IMPORT GROWTH (October 2023 - October 2024)NOK0(N/A%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Cayman Islands and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cayman Islands and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $548k to Cayman Islands. The main products exported from Norway to Cayman Islands were Electrical Transformers ($104k), Air Pumps ($82.9k), and Medical Instruments ($41.8k). During the last 5 years the exports of Norway to Cayman Islands have decreased at an annualized rate of 59.8%, from $52.5M in 2017 to $548k in 2022.

In 2017, Cayman Islands exported $163M to Norway. The main products exported from Cayman Islands to Norway were Other Sea Vessels ($163M), Recreational Boats ($250k), and Valves ($8.7k). During the last 5 years the exports of Cayman Islands to Norway have increased at an annualized rate of 76.3%, from $58.3k in 2022 to $163M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Cayman Islands
Top DestinationMalta$218M

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

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

In 2022, countries that imported more from Cayman Islands than Norway included Malta ($218M), Seychelles ($121M), and Grenada ($62.6M).

Difference in imports from Cayman Islands (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Cayman Islands

Flow
Scale

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

During 2022, Norway had a large net trade with Cayman Islands in the exports of Machines ($413k), Instruments ($112k), and Plastics and Rubbers ($12.7k).

During 2017, Cayman Islands had a large net trade with Norway in the exports of Transportation ($163M), Machines ($8.7k), and Footwear and Headwear ($1.4k).

Economic Complexity

Competitive Landscape

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

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

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