Barbados (BRB) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Barbados-Norway Trade: In 2022, Barbados exported $53.5k to Norway. The main products that Barbados exported to Norway were Hard Liquor ($32.4k), Excavation Machinery ($19k), and Packaged Medicaments ($985). Over the past 5 years the exports of Barbados to Norway have decreased at an annualized rate of 28.9%, from $295k in 2017 to $53.5k in 2022.

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

Norway-Barbados Trade: In 2022, Norway exported $4.38M to Barbados. The main products that Norway exported to Barbados were Insulated Wire ($3.17M), Fish: dried, salted, smoked or in brine ($919k), and Fish Fillets ($128k). Over the past 5 years the exports of Norway to Barbados have increased at an annualized rate of 26.7%, from $1.34M in 2017 to $4.38M in 2022.

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

Comparison In 2022, Barbados ranked 176 in total exports ($393M), 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, Barbados exported $53.5k to Norway. The main products exported from Barbados to Norway were Hard Liquor ($32.4k), Excavation Machinery ($19k), and Packaged Medicaments ($985). During the last 5 years the exports of Barbados to Norway have decreased at an annualized rate of 24.8%, from $205k in 2017 to $53.5k in 2022.

In 2017, Norway exported $4.38M to Barbados. The main products exported from Norway to Barbados were Insulated Wire ($3.17M), Fish: dried, salted, smoked or in brine ($919k), and Fish Fillets ($128k). During the last 5 years the exports of Norway to Barbados have increased at an annualized rate of 16.9%, from $338k in 2022 to $4.38M in 2017.

Exports from Barbados () to Norway () (2022)

Exports from Norway () to Barbados () (2022)

Latest Data

Trade between Barbados () and Norway ()

Barbados Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Barbados than Norway included Saint Lucia ($20.8M), Guyana ($29.7M), and Grenada ($13.5M).

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

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

Comparative Advantage Barbados - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Norway in the exports of Foodstuffs ($32.4k), Machines ($19k), and Textiles ($1.09k).

During 2017, Norway had a large net trade with Barbados in the exports of Machines ($3.19M), Animal Products ($1.05M), and Chemical Products ($59k).

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 Barbados and Norway. This means that a dot/product with the flag of Barbados indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Barbados.

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Norway () (2022)

Exports from Norway () to Barbados () (2022)

Latest Data

Trade between Barbados () and Norway ()

Barbados Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Barbados - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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