Bermuda (BMU) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Bermuda-Norway Trade: In 2022, Bermuda exported $55.9k to Norway. The main products that Bermuda exported to Norway were Machinery Having Individual Functions ($53.6k), Brochures ($1.34k), and Engine Parts ($421). Over the past 5 years the exports of Bermuda to Norway have decreased at an annualized rate of 34.8%, from $473k in 2017 to $55.9k in 2022.

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

Norway-Bermuda Trade: In 2022, Norway exported $310M to Bermuda. The main products that Norway exported to Bermuda were Passenger and Cargo Ships ($306M), Centrifuges ($416k), and Prints ($403k). Over the past 5 years the exports of Norway to Bermuda have increased at an annualized rate of 40.3%, from $1.37M in 2017 to $310M in 2022.

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

Comparison In 2022, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bermuda exported $55.9k to Norway. The main products exported from Bermuda to Norway were Machinery Having Individual Functions ($53.6k), Brochures ($1.34k), and Engine Parts ($421). During the last 5 years the exports of Bermuda to Norway have decreased at an annualized rate of 34.8%, from $473k in 2017 to $55.9k in 2022.

In 2017, Norway exported $310M to Bermuda. The main products exported from Norway to Bermuda were Passenger and Cargo Ships ($306M), Centrifuges ($416k), and Prints ($403k). During the last 5 years the exports of Norway to Bermuda have increased at an annualized rate of 40.3%, from $1.37M in 2022 to $310M in 2017.

Exports from Bermuda () to Norway () (2022)

Exports from Norway () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Norway ()

Bermuda Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationZambia$17.5M

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Bermuda than Norway included Zambia ($17.5M) and Zimbabwe ($4.06M).

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

Difference in imports from Norway () and Bermuda () (2022)

Comparative Advantage Bermuda - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bermuda had a large net trade with Norway in the exports of Machines ($54.6k) and Paper Goods ($1.34k).

During 2017, Norway had a large net trade with Bermuda in the exports of Transportation ($306M), Machines ($2.63M), and Instruments ($769k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Norway () (2022)

Exports from Norway () to Bermuda () (2022)

Latest Data

Trade between Bermuda () and Norway ()

Bermuda Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Bermuda () (2022)

Comparative Advantage Bermuda - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bermuda () and Norway () (2022)

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