2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC 
$87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Norway-Gibraltar Trade: In 2023, Norway exported $40.5M to Gibraltar. The main products that Norway exported to Gibraltar were Petroleum Gas ($37.9M), Boat Propellers ($676k), and Engine Parts ($635k). Over the past 5 years the exports of Norway to Gibraltar have decreased at an annualized rate of 0.83%, from $42.2M in 2018 to $40.5M in 2023.

In 2023, Norway did not export any services to Gibraltar.

Gibraltar-Norway Trade: In 2023, Gibraltar exported $363k to Norway. The main products that Gibraltar exported to Norway were Boat Propellers ($123k), Other Engines ($96.5k), and Other Measuring Instruments ($38.6k). Over the past 5 years the exports of Gibraltar to Norway have decreased at an annualized rate of 8.27%,  from $1.57M in 2018 to $363k in 2023.

In 2023, Gibraltar did not export any services to Norway.

Comparison In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47),  and 33 in total exports ($187B). That same year, Gibraltar ranked 177 in total exports ($296M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $40.5M to Gibraltar. The main products exported from Norway to Gibraltar were Petroleum Gas ($37.9M), Boat Propellers ($676k), and Engine Parts ($635k). During the last 5 years the exports of Norway to Gibraltar have decreased at an annualized rate of 0.83%, from $42.2M in 2018 to $40.5M in 2023.

In 2018, Gibraltar exported $363k to Norway. The main products exported from Gibraltar to Norway were Boat Propellers ($123k), Other Engines ($96.5k), and Other Measuring Instruments ($38.6k). During the last 5 years the exports of Gibraltar to Norway have decreased at an annualized rate of 8.27%, from $1.57M in 2023 to $363k in 2018.

Exports from Norway (Flag) to Gibraltar (Flag) (2023)

Exports from Gibraltar (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Gibraltar
Top Destination
Netherlands$113M

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

In 2023, countries that imported more from Norway than Gibraltar included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Gibraltar than Norway included Madagascar ($137k).

Difference in imports from Gibraltar (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Gibraltar

Flow
Scale

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

During 2023, Norway had a large net trade with Gibraltar in the exports of Mineral Products ($37.9M), Machines ($2.15M), and Instruments ($253k).

During 2018, Gibraltar had a large net trade with Norway in the exports of Machines ($272k), Metals ($46.1k), and Instruments ($38.6k).

Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and Gibraltar (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with