Flag Norway / India Flag

2020
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Exports
: $446M, Rnk 25 / 197

2020
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Top Product
: $82.3M, Raw Nickel

2020
FlagFlag
Exports
: $532M, Rnk 72 / 218

2020
FlagFlag
Top Product
: $51.7M, Carboxyamide Compounds

2020
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Economic Complexity (ECI)
: ECI 0.71, Rnk 36 / 127

2020
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Economic Complexity (ECI)
: ECI 0.56, Rnk 40 / 127

2020
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GDP
: $362B, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP GROWTH
: -15.5%, CURRENT US$
Rnk 182 / 195

2020
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 GDP
: $2.66T, CURRENT US$
Rnk 6 / 195

2010-2020
Flag
GDP GROWTH
: 58.8%, CURRENT US$
Rnk 46 / 195

2020
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GDP PC 
: $67,330, CURRENT US$
Rnk 7 / 195

2010-2020
Flag
GDP PC GROWTH
: -23.2%, CURRENT US$
Rnk 176 / 195

2020
Flag
GDP PC
: $1,928, CURRENT US$
Rnk 150 / 195

2010-2020
Flag
GDP PC GROWTH
: 42%, CURRENT US$
Rnk 38 / 195

Norway-India In 2020, Norway exported $446M to India. The main products that Norway exported to India are 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.

India-Norway In 2020, India exported $532M to Norway. The main products that India exported 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, India did not export any services to Norway.

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

Historical Data

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Bilateral Trade by Products

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Depth
Value

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.

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.

Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $14B

India
Top Destination
: United States, $49.7B

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

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

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

Comparative Advantage Norway - India

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Flow

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

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

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

Bilateral Service Trade

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