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Pricing

2022
Flag → Flag
Exports $4.38MRnk 126 / 209
2022
Flag → Flag
Top Product $3.17MInsulated Wire
2022
Flag → Flag
Exports $53.5kRnk 86 / 139
2022
Flag → Flag
Top Product $32.4kHard Liquor
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$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 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$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

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.

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.

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54),  and 28 in total exports ($285B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK668k and imported NOK247k from Barbados, resulting in a positive trade balance of NOK421k. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-646k (-49.2%) from NOK1.31M to NOK668k, while imports increased by NOK193k (357%) from NOK54k to NOK247k.

Trade In July 2024, the top exports of Norway to Barbados were Fish (not marine mammals), crustaceans, molluscs... (NOK1.59M), Other transport equipment (NOK47k), General industrial machinery and equipment, n.e.s.,... (NOK12k), Office machines and automatic data-processing machines (NOK5k), and Essential oils and resinoids and perfume... (NOK4k). In July 2024 the top imports of Norway from Barbados were Beverages (NOK30k), Special transactions and commodities not classified... (NOK9k), Articles of apparel and clothing accessories (NOK2k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In July 2024, the decrease in Norway's year-by-year exports to Barbados was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-127k or -100%), General industrial machinery and equipment, n.e.s.,... (NOK-20k or -62.5%), and Power-generating machinery and equipment (NOK-11k or -100%). In July 2024, the increase in Norway's year-by-year imports  from Barbados was explained primarily by an increase in product imports  in Beverages (NOK28k or 1.4k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-646k(-49.2%)
IMPORT GROWTH (July 2023 - July 2024)NOK193k(357%)

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 Barbados and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Barbados and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 26.7%, from $1.34M in 2017 to $4.38M in 2022.

In 2017, 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 28.9%, from $295k in 2022 to $53.5k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Barbados
Top DestinationUnited States$88.6M

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

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

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

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

Comparative Advantage Norway - Barbados

Flow
Scale

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

During 2022, Norway had a large net trade with Barbados in the exports of Machines ($3.19M), Animal Products ($1.05M), and Chemical Products ($59k).

During 2017, Barbados had a large net trade with Norway in the exports of Foodstuffs ($32.4k), Machines ($19k), and Textiles ($1.09k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Barbados+N/AN/A
Top Product Potential Barbados 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 Barbados. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Barbados. Similarly, a dot/product with the flag of Barbados indicates it has a comparative advantage over Norway.

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

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