2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Norway-Cocos (Keeling) Islands In 2021, Norway exported $4.24k to Cocos (Keeling) Islands. The main products that Norway exported to Cocos (Keeling) Islands are N/A. During the last 20 years the exports of Norway to Cocos (Keeling) Islands have decreased at an annualized rate of 10.1%, from $35.8k in 2001 to $4.24k in 2021.

In 2021, Norway did not export any services to Cocos (Keeling) Islands.

Cocos (Keeling) Islands-Norway In 2021, Cocos (Keeling) Islands exported $1.26k to Norway. The main products that Cocos (Keeling) Islands exported to Norway were Other Rubber Products ($1.26k). During the last 20 years the exports of Cocos (Keeling) Islands to Norway have decreased at an annualized rate of 0.39%, from $1.36k in 2001 to $1.26k in 2021.

In 2021, Cocos (Keeling) Islands 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, Cocos (Keeling) Islands ranked 223 in total exports ($3.05M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Norway exported $4.24k to Cocos (Keeling) Islands. There were not main exports from Norway to Cocos (Keeling) Islands in 2021. During the last 20 years the exports of Norway to Cocos (Keeling) Islands have decreased at an annualized rate of 10.1%, from $35.8k in 2001 to $4.24k in 2021.

In 2022, Cocos (Keeling) Islands exported $1.26k to Norway. The main products exported from Cocos (Keeling) Islands to Norway were Other Rubber Products ($1.26k). During the last 16 years the exports of Cocos (Keeling) Islands to Norway have decreased at an annualized rate of 0.39%, from $1.36k in 2006 to $1.26k in 2022.

Exports from Norway (Flag) to Cocos (Keeling) Islands (Flag) (2022)

Exports from Cocos (Keeling) Islands (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B

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

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

In 2019, no countries were registered that imported more from Cocos (Keeling) Islands than from Norway.

Difference in imports from Cocos (Keeling) Islands (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Cocos (Keeling) Islands

Flow
Scale

This chart compares trade between Norway and Cocos (Keeling) Islands by product, considering products traded by both, Norway and Cocos (Keeling) Islands.

During 2021, Norway had a large net trade with Cocos (Keeling) Islands in the exports of .

During 2022, Cocos (Keeling) Islands had a large net trade with Norway in the exports of Plastics and Rubbers ($1.26k).

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 Norway has comparative advantage over Cocos (Keeling) Islands. Similarly, the more yellow a dot/product is, the more Cocos (Keeling) Islands has comparative advantage over Norway.

Product Space of Norway (Flag) and Cocos (Keeling) Islands (Flag) (2022)

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