2022
Flag  
GDP
$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
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GDP GROWTH
18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Bermuda-Norway In 2022, Bermuda exported $55.9k to Norway. The main products that Bermuda exported to Norway are Machinery Having Individual Functions ($53.6k), Brochures ($1.34k), and Engine Parts ($421). During the last 27 years the exports of Bermuda to Norway have increased at an annualized rate of 4.42%, from $17.4k in 1995 to $55.9k in 2022.

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

Norway-Bermuda 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). During the last 27 years the exports of Norway to Bermuda have increased at an annualized rate of 8.59%, from $33.5M in 1995 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
Value

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 27 years the exports of Bermuda to Norway have increased at an annualized rate of 4.42%, from $17.4k in 1995 to $55.9k in 2022.

In 2022, 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 27 years the exports of Norway to Bermuda have increased at an annualized rate of 8.59%, from $33.5M in 1995 to $310M in 2022.

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

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

Latest Data

Trade between Bermuda (Flag) and Norway (Flag)

Bermuda Exports

Norway Exports

Market Competitiveness

Color
Bermuda
Top Destination
Zambia$17.5M
Norway
Top Destination
Germany$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 2021, countries that imported more from Bermuda than Norway were Zambia ($17.5M) and Zimbabwe ($4.06M).

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

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

Comparative Advantage Bermuda - Norway

Flow
Scale

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 2022, Norway had a large net trade with Bermuda in the exports of Transportation ($306M), Machines ($2.63M), and Instruments ($769k).

Economic Complexity

Competitive Landscape

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 Bermuda has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Bermuda.

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

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