Norway (NOR) and Trinidad and Tobago (TTO) Trade | The Observatory of Economic Complexity

About

Norway-Trinidad and Tobago In 2022, Norway exported $46.3M to Trinidad and Tobago. The main products that Norway exported to Trinidad and Tobago are Passenger and Cargo Ships ($32.7M), Fish: dried, salted, smoked or in brine ($3.47M), and Transmissions ($1.24M). During the last 27 years the exports of Norway to Trinidad and Tobago have increased at an annualized rate of 7.69%, from $6.27M in 1995 to $46.3M in 2022.

In 2022, Norway did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Norway In 2022, Trinidad and Tobago exported $14.7M to Norway. The main products that Trinidad and Tobago exported to Norway were Ammonia ($10.4M), Cranes ($1.4M), and Nitrogen Heterocyclic Compounds ($1.11M). During the last 27 years the exports of Trinidad and Tobago to Norway have increased at an annualized rate of 6.26%, from $2.85M in 1995 to $14.7M in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Norway exported NOK6.43M and imported NOK108M from Trinidad and Tobago, resulting in a negative trade balance of NOK102M. Between March 2023 and March 2024 the exports of Norway have decreased by NOK-4.08M (-38.9%) from NOK10.5M to NOK6.43M, while imports decreased by NOK-62.4M (-36.5%) from NOK171M to NOK108M.

Trade In March 2024, the top exports of Norway to Trinidad and Tobago were Power-generating machinery and equipment (NOK2.49M), Fish (not marine mammals), crustaceans, molluscs... (NOK2.35M), Manufactures of metals, n.e.s. (NOK2.28M), Machinery specialized for particular industries (NOK1.17M), and General industrial machinery and equipment, n.e.s.,... (NOK523k). In March 2024 the top imports of Norway from Trinidad and Tobago were General industrial machinery and equipment, n.e.s.,... (NOK1.56M), Office machines and automatic data-processing machines (NOK23k), Organic chemicals (NOK5k), Manufactures of metals, n.e.s. (NOK5k), and Power-generating machinery and equipment (NOK2k).

Growth In March 2024, the decrease in Norway's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-3.5M or -100%), Telecommunications and sound-recording and reproducing apparatus... (NOK-809k or -94.4%), and Office machines and automatic data-processing machines (NOK-782k or -75.7%). In March 2024, the decrease in Norway's year-by-year imports from Trinidad and Tobago was explained primarily by an decrease in product imports in Machinery specialized for particular industries (NOK-288k or -100%) and Organic chemicals (NOK-6k or -54.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK-4.08M(-38.9%)

IMPORT GROWTH (March 2023 - March 2024)NOK-62.4M(-36.5%)

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 Trinidad and Tobago and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $46.3M to Trinidad and Tobago. The main products exported from Norway to Trinidad and Tobago were Passenger and Cargo Ships ($32.7M), Fish: dried, salted, smoked or in brine ($3.47M), and Transmissions ($1.24M). During the last 27 years the exports of Norway to Trinidad and Tobago have increased at an annualized rate of 7.69%, from $6.27M in 1995 to $46.3M in 2022.

In 2022, Trinidad and Tobago exported $14.7M to Norway. The main products exported from Trinidad and Tobago to Norway were Ammonia ($10.4M), Cranes ($1.4M), and Nitrogen Heterocyclic Compounds ($1.11M). During the last 27 years the exports of Trinidad and Tobago to Norway have increased at an annualized rate of 6.26%, from $2.85M in 1995 to $14.7M in 2022.

Exports from Norway () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2021, countries that imported more from Norway than Trinidad and Tobago were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Trinidad and Tobago than Norway were Morocco ($740M), Jamaica ($430M), and Guyana ($257M).

Difference in imports from Trinidad and Tobago () and Norway () (2022)

Comparative Advantage Norway - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Trinidad and Tobago in the exports of Transportation ($32.7M), Machines ($6.82M), and Animal Products ($3.6M).

During 2022, Trinidad and Tobago had a large net trade with Norway in the exports of Chemical Products ($11.5M), Machines ($3.02M), and Foodstuffs ($157k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Trinidad and Tobago. Similarly, the more yellow a dot/product is, the more Trinidad and Tobago has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Norway () (2022)

Market Competitiveness

Difference in imports from Trinidad and Tobago () and Norway () (2022)

Comparative Advantage Norway - Trinidad and Tobago

Economic Complexity

Competitive Landscape

Product Space of Norway () and Trinidad and Tobago () (2022)

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