Norway (NOR) and Bahamas (BHS) Trade | The Observatory of Economic Complexity

About

Norway-Bahamas In 2022, Norway exported $16.2M to Bahamas. The main products that Norway exported to Bahamas are Surveying Equipment ($6.42M), Recreational Boats ($1.48M), and Valves ($1.3M). During the last 27 years the exports of Norway to Bahamas have decreased at an annualized rate of 1.27%, from $22.8M in 1995 to $16.2M in 2022.

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

Bahamas-Norway In 2022, Bahamas exported $1.68M to Norway. The main products that Bahamas exported to Norway were Surveying Equipment ($601k), Paintings ($241k), and Other Floating Structures ($228k). During the last 27 years the exports of Bahamas to Norway have decreased at an annualized rate of 11.8%, from $49.6M in 1995 to $1.68M in 2022.

In 2022, Bahamas 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, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Norway exported NOK5.46M and imported NOK143k from Bahamas, resulting in a positive trade balance of NOK5.31M. Between March 2023 and March 2024 the exports of Norway have decreased by NOK-4.96M (-47.6%) from NOK10.4M to NOK5.46M, while imports decreased by NOK-851k (-85.6%) from NOK994k to NOK143k.

Trade In March 2024, the top exports of Norway to Bahamas were Furniture, and parts thereof; bedding, mattresses,... (NOK304k), Professional, scientific and controlling instruments and... (NOK284k), Office machines and automatic data-processing machines (NOK193k), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK179k), and Rubber manufactures, n.e.s. (NOK135k). In March 2024 the top imports of Norway from Bahamas were Special transactions and commodities not classified... (NOK228k), Plastics in non-primary forms (NOK16k), Crude animal and vegetable materials, n.e.s. (NOK2k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In March 2024, the decrease in Norway's year-by-year exports to Bahamas was explained primarily by an decrease in product exports in Machinery specialized for particular industries (NOK-6.36M or -99.7%), Other transport equipment (NOK-496k or -94.3%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-291k or -70.3%). In March 2024, the decrease in Norway's year-by-year imports from Bahamas was explained primarily by an decrease in product imports in Professional, scientific and controlling instruments and... (NOK-15k or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK-4.96M(-47.6%)

IMPORT GROWTH (March 2023 - March 2024)NOK-851k(-85.6%)

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 Bahamas and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bahamas and Norway Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $16.2M to Bahamas. The main products exported from Norway to Bahamas were Surveying Equipment ($6.42M), Recreational Boats ($1.48M), and Valves ($1.3M). During the last 27 years the exports of Norway to Bahamas have decreased at an annualized rate of 1.27%, from $22.8M in 1995 to $16.2M in 2022.

In 2022, Bahamas exported $1.68M to Norway. The main products exported from Bahamas to Norway were Surveying Equipment ($601k), Paintings ($241k), and Other Floating Structures ($228k). During the last 27 years the exports of Bahamas to Norway have decreased at an annualized rate of 11.8%, from $49.6M in 1995 to $1.68M in 2022.

Exports from Norway () to Bahamas () (2022)

Exports from Bahamas () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Bahamas
Top DestinationUnited States$1.4B

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

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

In 2021, countries that imported more from Bahamas than Norway were Cote d'Ivoire ($576M), Barbados ($30M), and Seychelles ($20.5M).

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

Comparative Advantage Norway - Bahamas

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Bahamas in the exports of Instruments ($7.21M), Machines ($5.37M), and Transportation ($1.83M).

During 2022, Bahamas had a large net trade with Norway in the exports of Instruments ($608k), Transportation ($436k), and Machines ($330k).

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

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Norway () to Bahamas () (2022)

Exports from Bahamas () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Bahamas

Economic Complexity

Competitive Landscape

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

Keep Exploring