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2023
Flag → Flag
Exports $24.1MRnk 87 / 205
2023
Flag → Flag
Top Product $18.3MRefined Petroleum
2023
Flag → Flag
Exports $44.2kRnk 77 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 83 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$19.7BCURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP GROWTH57.2%CURRENT US$
Rnk 59 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$1,394CURRENT US$
Rnk 168 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 104 / 195

About

Norway-Benin Trade: In 2023, Norway exported $24.1M to Benin. The main products that Norway exported to Benin were Refined Petroleum ($18.3M), Cars ($1.66M), and High-voltage Protection Equipment ($1.48M). Over the past 5 years the exports of Norway to Benin have decreased at an annualized rate of 9.13%, from $38.9M in 2018 to $24.1M in 2023.

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

Benin-Norway Trade: In 2023, Benin exported $44.2k to Norway. The main products that Benin exported to Norway were N/A. Over the past 5 years the exports of Benin to Norway have increased at an annualized rate of 2.22%,  from $39.6k in 2018 to $44.2k in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK243k and imported NOK0 from Benin, resulting in a positive trade balance of NOK243k. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-1.32M (-84.4%) from NOK1.56M to NOK243k, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In December 2024, the top exports of Norway to Benin were Road vehicles (including air-cushion vehicles) (NOK1.34M), Telecommunications and sound-recording and reproducing apparatus... (NOK5k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK4k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0). In December 2024 the top imports of Norway from Benin were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In December 2024, the decrease in Norway's year-by-year exports to Benin was explained primarily by an decrease in product exports in Road vehicles (including air-cushion vehicles) (NOK-275k or -17.1%), Fish (not marine mammals), crustaceans, molluscs... (NOK-264k or -100%), and General industrial machinery and equipment, n.e.s.,... (NOK-98k or -100%). In December 2024, the change in Norway's year-by-year imports  from Benin was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-1.32M(-84.4%)
IMPORT GROWTH (December 2023 - December 2024)NOK0(N/A%)

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 Benin and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $24.1M to Benin. The main products exported from Norway to Benin were Refined Petroleum ($18.3M), Cars ($1.66M), and High-voltage Protection Equipment ($1.48M). During the last 5 years the exports of Norway to Benin have decreased at an annualized rate of 9.13%, from $38.9M in 2018 to $24.1M in 2023.

In 2017, Benin exported $44.2k to Norway. There were not main exports from Benin to Norway in 2017. During the last 5 years the exports of Benin to Norway have increased at an annualized rate of 2.22%, from $39.6k in 2022 to $44.2k in 2017.

Exports from Norway (Flag) to Benin (Flag) (2023)

Exports from Benin (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Benin
Top DestinationUnited Arab Emirates$803M

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

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

In 2023, countries that imported more from Benin than Norway included Bangladesh ($391M), United Arab Emirates ($803M), and Togo ($53.9M).

Difference in imports from Benin (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Benin

Flow
Scale

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

During 2023, Norway had a large net trade with Benin in the exports of Mineral Products ($18.3M), Machines ($2.55M), and Transportation ($2.02M).

During 2017, Benin had a large net trade with Norway in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Benin+$500kRefined Petroleum
Top Product Potential Benin Norway+$210kRefined Petroleum

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.

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Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and Benin (Flag) (2023)

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