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Pricing

2022
Flag → Flag
Exports $7.84MRnk 113 / 209
2022
Flag → Flag
Top Product $6.36MPassenger and Cargo Ships
2022
Flag → Flag
Exports $3kRnk 68 / 80
2022
Flag → Flag
Top Product $3kLive Fish
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$280MCURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP GROWTH55.5%CURRENT US$
Rnk 49 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,728CURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP PC GROWTH95.3%CURRENT US$
Rnk 9 / 186

About

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 5 years the exports of Norway to Marshall Islands have increased at an annualized rate of 20.1%, from $3.14M in 2017 to $7.84M in 2022.

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

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 5 years the exports of Marshall Islands to Norway have decreased at an annualized rate of 58.1%,  from $233k in 2017 to $3k in 2022.

In 2022, Marshall 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, Marshall Islands ranked 160 in total exports ($1.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK919k and imported NOK0 from Marshall Islands, resulting in a positive trade balance of NOK919k. Between July 2023 and July 2024 the exports of Norway have increased by NOK834k (981%) from NOK85k to NOK919k, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In July 2024, the top exports of Norway to Marshall Islands were Telecommunications and sound-recording and reproducing apparatus... (NOK1.42M), General industrial machinery and equipment, n.e.s.,... (NOK495k), Chemical materials and products, n.e.s. (NOK188k), Professional, scientific and controlling instruments and... (NOK123k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK118k). In July 2024 the top imports of Norway from Marshall Islands were Other transport equipment (NOK27.4M), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In July 2024, the increase in Norway's year-by-year exports to Marshall Islands was explained primarily by an increase in product exports in Telecommunications and sound-recording and reproducing apparatus... (NOK1.41M or 14.1k%), General industrial machinery and equipment, n.e.s.,... (NOK286k or 137%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK74k or 168%). In July 2024, the change in Norway's year-by-year imports  from Marshall Islands was explained primarily by an decrease in product imports  in Fish (not marine mammals), crustaceans, molluscs... (NOK-11k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK834k(981%)
IMPORT GROWTH (July 2023 - July 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 Marshall Islands and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Marshall Islands and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $7.84M in 2022.

In 2017, Marshall Islands exported $3k to Norway. The main products exported from Marshall Islands to Norway were Live Fish ($3k). During the last 5 years the exports of Marshall Islands to Norway have decreased at an annualized rate of 58.1%, from $233k in 2022 to $3k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Marshall Islands
Top DestinationGermany$327M

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

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

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

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

Comparative Advantage Norway - Marshall Islands

Flow
Scale

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

During 2022, Norway had a large net trade with Marshall Islands in the exports of Transportation ($6.37M), Machines ($1.01M), and Instruments ($259k).

During 2017, Marshall Islands had a large net trade with Norway in the exports of Animal Products ($3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Marshall Islands+N/AN/A
Top Product Potential Marshall Islands Norway+N/AN/A

N/A

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Economic Complexity

Competitive Landscape

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

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

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