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2023
Flag → Flag
Exports $48MRnk 71 / 205
2023
Flag → Flag
Top Product $18MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $286MRnk 35 / 183
2023
Flag → Flag
Top Product $178MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
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GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 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$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Norway-Colombia Trade: In 2023, Norway exported $48M to Colombia. The main products that Norway exported to Colombia were Mixed Mineral or Chemical Fertilizers ($18M), Electric Generating Sets ($5.27M), and Wood Pulp Lyes ($4.31M). Over the past 5 years the exports of Norway to Colombia have increased at an annualized rate of 8.53%, from $31.9M in 2018 to $48M in 2023.

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

Colombia-Norway Trade: In 2023, Colombia exported $286M to Norway. The main products that Colombia exported to Norway were Coal Briquettes ($178M), Coke ($44.1M), and Coffee ($41.2M). Over the past 5 years the exports of Colombia to Norway have increased at an annualized rate of 11.8%,  from $105M in 2018 to $286M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK27M and imported NOK235M from Colombia, resulting in a negative trade balance of NOK207M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-21.3M (-44.1%) from NOK48.4M to NOK27M, while imports decreased by NOK-70.8M (-23.2%) from NOK305M to NOK235M.

Trade In December 2024, the top exports of Norway to Colombia were Chemical materials and products, n.e.s. (NOK23.9M), Medicinal and pharmaceutical products (NOK979k), Paper, paperboard and articles of paper... (NOK725k), Dyeing, tanning and colouring materials (NOK672k), and Manufactures of metals, n.e.s. (NOK621k). In December 2024 the top imports of Norway from Colombia were Coal, coke and briquettes (NOK249M), Coffee, tea, cocoa, spices, and manufactures... (NOK45.7M), Vegetables and fruit (NOK24.6M), Petroleum, petroleum products and related materials (NOK3.52M), and Crude animal and vegetable materials, n.e.s. (NOK2.6M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Colombia was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-10M or -29.6%), Office machines and automatic data-processing machines (NOK-1.28M or -96.4%), and Plastics in primary forms (NOK-947k or -100%). In December 2024, the decrease in Norway's year-by-year imports  from Colombia was explained primarily by an decrease in product imports  in Coal, coke and briquettes (NOK-45.6M or -15.5%), Coffee, tea, cocoa, spices, and manufactures... (NOK-14.4M or -24%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK-3.11M or -82%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-21.3M(-44.1%)
IMPORT GROWTH (December 2023 - December 2024)NOK-70.8M(-23.2%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $48M to Colombia. The main products exported from Norway to Colombia were Mixed Mineral or Chemical Fertilizers ($18M), Electric Generating Sets ($5.27M), and Wood Pulp Lyes ($4.31M). During the last 5 years the exports of Norway to Colombia have increased at an annualized rate of 8.53%, from $31.9M in 2018 to $48M in 2023.

In 2018, Colombia exported $286M to Norway. The main products exported from Colombia to Norway were Coal Briquettes ($178M), Coke ($44.1M), and Coffee ($41.2M). During the last 5 years the exports of Colombia to Norway have increased at an annualized rate of 11.8%, from $105M in 2023 to $286M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Colombia than Norway included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

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 2023, Norway had a large net trade with Colombia in the exports of Chemical Products ($28.3M), Machines ($8.72M), and Plastics and Rubbers ($3.28M).

During 2018, Colombia had a large net trade with Norway in the exports of Mineral Products ($225M), Vegetable Products ($55.7M), and Textiles ($2.11M).

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) (2023)

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