India (IND) and Norway (NOR) Trade | OEC - The Observatory of Economic Complexity

About

India-Norway In 2020, India exported $532M to Norway. The main products that India exported to Norway are Carboxyamide Compounds ($51.7M), Other Vegetable Residues and Waste ($46M), and Packaged Medicaments ($19.6M). During the last 25 years the exports of India to Norway have increased at an annualized rate of 6.6%, from $108M in 1995 to $532M in 2020.

In 2020, India did not export any services to Norway.

Norway-India In 2020, Norway exported $446M to India. The main products that Norway exported to India were Raw Nickel ($82.3M), Petroleum Gas ($53.3M), and Crude Petroleum ($45.9M). During the last 25 years the exports of Norway to India have increased at an annualized rate of 5.65%, from $113M in 1995 to $446M in 2020.

In 2010, Norway exported services to India worth $1.07B, with Services not allocated ($538M), Other business services ($330M), and Transportation ($93.5M) being the largest in terms of value.

Comparison In 2020, India ranked 40 in the Economic Complexity Index (ECI 0.56), and 18 in total exports ($284B). That same year, Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, India exported $532M to Norway. The main products exported from India to Norway were Carboxyamide Compounds ($51.7M), Other Vegetable Residues and Waste ($46M), and Packaged Medicaments ($19.6M). During the last 25 years the exports of India to Norway have increased at an annualized rate of 6.6%, from $108M in 1995 to $532M in 2020.

In 2020, Norway exported $446M to India. The main products exported from Norway to India were Raw Nickel ($82.3M), Petroleum Gas ($53.3M), and Crude Petroleum ($45.9M). During the last 25 years the exports of Norway to India have increased at an annualized rate of 5.65%, from $113M in 1995 to $446M in 2020.

Latest Data

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India Exports

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Date

Norway Exports

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Date

Market Competitiveness

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Measure

SectionYear

India
Top Destination: United States, $49.7B

Norway
Top Destination: United Kingdom, $14B

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

In 2019, countries that imported more from India than Norway were United States ($49.7B), United Arab Emirates ($18.1B), and China ($18.5B).

In 2019, countries that imported more from Norway than India were Sweden ($9.1B), United Kingdom ($14B), and Denmark ($3.38B).

Comparative Advantage India - Norway

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Flow

Year

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

During 2020, India had a large net trade with Norway in the exports of Textiles ($127M), Chemical Products ($110M), and Foodstuffs ($72.1M).

During 2020, Norway had a large net trade with India in the exports of Metals ($139M), Mineral Products ($120M), and Chemical Products ($65.4M).

Service Trade

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Bilateral Service Trade

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Nor Year

In 2010, Norway exported services to India worth $1.07B, with Services not allocated ($538M), Other business services ($330M), and Transportation ($93.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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

About

Historical Data

Bilateral Trade by Products

Latest Data

India Exports

Norway Exports

Market Competitiveness

Comparative Advantage India - Norway

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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