Bangladesh (BGD) and Norway (NOR) Trade | The Observatory of Economic Complexity

About

Bangladesh-Norway Trade: In 2023, Bangladesh exported $354M to Norway. The main products that Bangladesh exported to Norway were Knit Sweaters ($67.8M), Knit T-shirts ($58.7M), and Non-Knit Men's Suits ($41.2M). Over the past 5 years the exports of Bangladesh to Norway have increased at an annualized rate of 5.34%, from $273M in 2018 to $354M in 2023.

In 2023, Bangladesh did not export any services to Norway.

Norway-Bangladesh Trade: In 2023, Norway exported $10.8M to Bangladesh. The main products that Norway exported to Bangladesh were Fish Oil ($2.91M), Engine Parts ($1.33M), and Medical Instruments ($930k). Over the past 5 years the exports of Norway to Bangladesh have decreased at an annualized rate of 29.8%, from $62.9M in 2018 to $10.8M in 2023.

In 2023, Norway did not export any services to Bangladesh.

Comparison: In 2023, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bangladesh exported $354M to Norway. The main products exported from Bangladesh to Norway were Knit Sweaters ($67.8M), Knit T-shirts ($58.7M), and Non-Knit Men's Suits ($41.2M). During the last 5 years the exports of Bangladesh to Norway have increased at an annualized rate of 5.34%, from $273M in 2018 to $354M in 2023.

In 2018, Norway exported $10.8M to Bangladesh. The main products exported from Norway to Bangladesh were Fish Oil ($2.91M), Engine Parts ($1.33M), and Medical Instruments ($930k). During the last 5 years the exports of Norway to Bangladesh have decreased at an annualized rate of 29.8%, from $62.9M in 2023 to $10.8M in 2018.

Exports from Bangladesh () to Norway () (2023)

Exports from Norway () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$8.58B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Bangladesh than Norway included United States ($8.58B), Spain ($3.95B), and India ($1.89B).

In 2023, countries that imported more from Norway than Bangladesh included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

Difference in imports from Norway () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bangladesh had a large net trade with Norway in the exports of Textiles ($339M), Footwear and Headwear ($7.41M), and Stone And Glass ($2.37M).

During 2018, Norway had a large net trade with Bangladesh in the exports of Machines ($3.09M), Animal and Vegetable Bi-Products ($2.91M), and Instruments ($1.74M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Norway+$26MKnit Sweaters

Top Product Potential Norway Bangladesh+$1.64MScrap Iron

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bangladesh and Norway. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Norway () (2023)

Exports from Norway () to Bangladesh () (2023)

Latest Data

Trade between Bangladesh () and Norway ()

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Bangladesh () (2023)

Comparative Advantage Bangladesh - Norway

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Norway () (2023)

Keep Exploring