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2022
Flag → Flag
Exports $9.66MRnk 108 / 209
2022
Flag → Flag
Top Product $3.33MDelivery Trucks
2022
Flag → Flag
Exports $766kRnk 64 / 146
2022
Flag → Flag
Top Product $282kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Norway-Bolivia Trade: In 2022, Norway exported $9.66M to Bolivia. The main products that Norway exported to Bolivia were Delivery Trucks ($3.33M), Mixed Mineral or Chemical Fertilizers ($1.74M), and Electric Generating Sets ($1.47M). Over the past 5 years the exports of Norway to Bolivia have increased at an annualized rate of 7.26%, from $6.8M in 2017 to $9.66M in 2022.

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

Bolivia-Norway Trade: In 2022, Bolivia exported $766k to Norway. The main products that Bolivia exported to Norway were Coconuts, Brazil Nuts, and Cashews ($282k), Other Oily Seeds ($70.9k), and Cereal Flours ($55.9k). Over the past 5 years the exports of Bolivia to Norway have decreased at an annualized rate of 14.8%,  from $1.7M in 2017 to $766k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Latest Trends

August, 2024

About

Overview In August 2024, Norway exported NOK1.26M and imported NOK646k from Bolivia, resulting in a positive trade balance of NOK616k. Between August 2023 and August 2024 the exports of Norway have decreased by NOK-2.12M (-62.7%) from NOK3.39M to NOK1.26M, while imports increased by NOK196k (43.6%) from NOK450k to NOK646k.

Trade In August 2024, the top exports of Norway to Bolivia were Road vehicles (including air-cushion vehicles) (NOK1.2M), Machinery specialized for particular industries (NOK970k), Power-generating machinery and equipment (NOK58k), Rubber manufactures, n.e.s. (NOK36k), and Live animals other than animals of... (NOK0). In August 2024 the top imports of Norway from Bolivia were Cereals and cereal preparations (NOK168k), Vegetables and fruit (NOK85k), Coffee, tea, cocoa, spices, and manufactures... (NOK54k), Articles of apparel and clothing accessories (NOK50k), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK8k).

Growth In August 2024, the decrease in Norway's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-4.03M or -100%), Road vehicles (including air-cushion vehicles) (NOK-1.33M or -52.6%), and Machinery specialized for particular industries (NOK-261k or -21.2%). In August 2024, the increase in Norway's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK4k or 100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)NOK-2.12M(-62.7%)
IMPORT GROWTH (August 2023 - August 2024)NOK196k(43.6%)

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 Bolivia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $9.66M to Bolivia. The main products exported from Norway to Bolivia were Delivery Trucks ($3.33M), Mixed Mineral or Chemical Fertilizers ($1.74M), and Electric Generating Sets ($1.47M). During the last 5 years the exports of Norway to Bolivia have increased at an annualized rate of 7.26%, from $6.8M in 2017 to $9.66M in 2022.

In 2017, Bolivia exported $766k to Norway. The main products exported from Bolivia to Norway were Coconuts, Brazil Nuts, and Cashews ($282k), Other Oily Seeds ($70.9k), and Cereal Flours ($55.9k). During the last 5 years the exports of Bolivia to Norway have decreased at an annualized rate of 14.8%, from $1.7M in 2022 to $766k in 2017.

Exports from Norway (Flag) to Bolivia (Flag) (2022)

Exports from Bolivia (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Norway than Bolivia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Bolivia than Norway included Argentina ($1.76B), India ($2.27B), and Colombia ($1.06B).

Difference in imports from Bolivia (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Bolivia

Flow
Scale

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

During 2022, Norway had a large net trade with Bolivia in the exports of Transportation ($3.7M), Machines ($3.58M), and Chemical Products ($2.19M).

During 2017, Bolivia had a large net trade with Norway in the exports of Vegetable Products ($510k), Textiles ($73.7k), and Metals ($53.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Bolivia+$705kMixed Mineral or Chemical Fertilizers
Top Product Potential Bolivia Norway+$161kCoconuts, Brazil Nuts, and Cashews

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 Bolivia. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Bolivia (Flag) (2022)

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