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Pricing

2022
Flag → Flag
Exports $59.8MRnk 70 / 209
2022
Flag → Flag
Top Product $33.5MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $329MRnk 30 / 187
2022
Flag → Flag
Top Product $202MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Norway-Colombia Trade: In 2022, Norway exported $59.8M to Colombia. The main products that Norway exported to Colombia were Mixed Mineral or Chemical Fertilizers ($33.5M), Wood Pulp Lyes ($3.23M), and Electric Generating Sets ($2.53M). Over the past 5 years the exports of Norway to Colombia have increased at an annualized rate of 10.5%, from $36.3M in 2017 to $59.8M in 2022.

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

Colombia-Norway Trade: In 2022, Colombia exported $329M to Norway. The main products that Colombia exported to Norway were Coal Briquettes ($202M), Coffee ($64.4M), and Coke ($49.6M). Over the past 5 years the exports of Colombia to Norway have increased at an annualized rate of 35.2%,  from $72.9M in 2017 to $329M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK47.7M and imported NOK314M from Colombia, resulting in a negative trade balance of NOK266M. Between July 2023 and July 2024 the exports of Norway have increased by NOK19.5M (68.8%) from NOK28.3M to NOK47.7M, while imports decreased by NOK-100M (-24.2%) from NOK415M to NOK314M.

Trade In July 2024, the top exports of Norway to Colombia were Chemical materials and products, n.e.s. (NOK33.9M), Office machines and automatic data-processing machines (NOK1.32M), Plastics in primary forms (NOK947k), Medicinal and pharmaceutical products (NOK848k), and Dyeing, tanning and colouring materials (NOK763k). In July 2024 the top imports of Norway from Colombia were Coal, coke and briquettes (NOK295M), Coffee, tea, cocoa, spices, and manufactures... (NOK60.2M), Vegetables and fruit (NOK14.4M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK3.79M), and Crude animal and vegetable materials, n.e.s. (NOK2.23M).

Growth In July 2024, the increase in Norway's year-by-year exports to Colombia was explained primarily by an increase in product exports in Office machines and automatic data-processing machines (NOK1.24M or 1.44k%), Manufactures of metals, n.e.s. (NOK646k or 1.58k%), and Paper, paperboard and articles of paper... (NOK350k or 217%). In July 2024, the decrease in Norway's year-by-year imports  from Colombia was explained primarily by an decrease in product imports  in Non-ferrous metals (NOK-768k or -100%), Essential oils and resinoids and perfume... (NOK-117k or -79.1%), and Articles of apparel and clothing accessories (NOK-55k or -38.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK19.5M(68.8%)
IMPORT GROWTH (July 2023 - July 2024)NOK-100M(-24.2%)

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 Colombia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $59.8M to Colombia. The main products exported from Norway to Colombia were Mixed Mineral or Chemical Fertilizers ($33.5M), Wood Pulp Lyes ($3.23M), and Electric Generating Sets ($2.53M). During the last 5 years the exports of Norway to Colombia have increased at an annualized rate of 10.5%, from $36.3M in 2017 to $59.8M in 2022.

In 2017, Colombia exported $329M to Norway. The main products exported from Colombia to Norway were Coal Briquettes ($202M), Coffee ($64.4M), and Coke ($49.6M). During the last 5 years the exports of Colombia to Norway have increased at an annualized rate of 35.2%, from $72.9M in 2022 to $329M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Norway included United States ($15.6B), Panama ($5.84B), and Ecuador ($1.89B).

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

Comparative Advantage Norway - Colombia

Flow
Scale

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

During 2022, Norway had a large net trade with Colombia in the exports of Chemical Products ($42M), Machines ($5.88M), and Metals ($2.87M).

During 2017, Colombia had a large net trade with Norway in the exports of Mineral Products ($253M), Vegetable Products ($73.6M), and Plastics and Rubbers ($880k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Colombia+$1.41MNon-fillet Frozen Fish
Top Product Potential Colombia Norway+$1.61MBananas

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

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

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