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2023
Flag → Flag
Exports $17.2MRnk 92 / 205
2023
Flag → Flag
Top Product $3.82MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $68MRnk 38 / 200
2023
Flag → Flag
Top Product $20.5MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
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GDP GROWTH9.55%CURRENT US$
Rnk 157 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$3,828CURRENT US$
Rnk 132 / 196
2013-2023
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GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Norway-Sri Lanka Trade: In 2023, Norway exported $17.2M to Sri Lanka. The main products that Norway exported to Sri Lanka were Mixed Mineral or Chemical Fertilizers ($3.82M), Nitrites and Nitrates ($1.56M), and Newsprint ($1M). Over the past 5 years the exports of Norway to Sri Lanka have increased at an annualized rate of 25%, from $5.65M in 2018 to $17.2M in 2023.

In 2023, Norway did not export any services to Sri Lanka.

Sri Lanka-Norway Trade: In 2023, Sri Lanka exported $68M to Norway. The main products that Sri Lanka exported to Norway were Passenger and Cargo Ships ($20.5M), Rubber Apparel ($4.25M), and Non-Knit Men's Suits ($2.76M). Over the past 5 years the exports of Sri Lanka to Norway have increased at an annualized rate of 8.09%,  from $46.1M in 2018 to $68M in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK16.9M and imported NOK38M from Sri Lanka, resulting in a negative trade balance of NOK21.1M. Between December 2023 and December 2024 the exports of Norway have increased by NOK11.7M (223%) from NOK5.24M to NOK16.9M, while imports increased by NOK308k (0.82%) from NOK37.7M to NOK38M.

Trade In December 2024, the top exports of Norway to Sri Lanka were Chemical materials and products, n.e.s. (NOK4.23M), Inorganic chemicals (NOK1.98M), General industrial machinery and equipment, n.e.s.,... (NOK1.89M), Telecommunications and sound-recording and reproducing apparatus... (NOK1.08M), and Prefabricated buildings; sanitary, plumbing, heating and... (NOK1.04M). In December 2024 the top imports of Norway from Sri Lanka were Articles of apparel and clothing accessories (NOK25.6M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK3.08M), Miscellaneous edible products and preparations (NOK2.22M), Furniture, and parts thereof; bedding, mattresses,... (NOK1.44M), and Rubber manufactures, n.e.s. (NOK1.36M).

Growth In December 2024, the increase in Norway's year-by-year exports to Sri Lanka was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK3.64M or 624%), Inorganic chemicals (NOK1.38M or 228%), and Telecommunications and sound-recording and reproducing apparatus... (NOK919k or 557%). In December 2024, the increase in Norway's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Articles of apparel and clothing accessories (NOK4.29M or 20.1%), Manufactures of metals, n.e.s. (NOK1.12M or 12.5k%), and Machinery specialized for particular industries (NOK711k or 2.09k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK11.7M(223%)
IMPORT GROWTH (December 2023 - December 2024)NOK308k(0.82%)

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 Sri Lanka and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $17.2M to Sri Lanka. The main products exported from Norway to Sri Lanka were Mixed Mineral or Chemical Fertilizers ($3.82M), Nitrites and Nitrates ($1.56M), and Newsprint ($1M). During the last 5 years the exports of Norway to Sri Lanka have increased at an annualized rate of 25%, from $5.65M in 2018 to $17.2M in 2023.

In 2018, Sri Lanka exported $68M to Norway. The main products exported from Sri Lanka to Norway were Passenger and Cargo Ships ($20.5M), Rubber Apparel ($4.25M), and Non-Knit Men's Suits ($2.76M). During the last 5 years the exports of Sri Lanka to Norway have increased at an annualized rate of 8.09%, from $46.1M in 2023 to $68M in 2018.

Exports from Norway (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Sri Lanka
Top DestinationUnited States$2.98B

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

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

In 2023, countries that imported more from Sri Lanka than Norway included India ($991M), Bangladesh ($177M), and Maldives ($168M).

Difference in imports from Sri Lanka (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Sri Lanka

Flow
Scale

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

During 2023, Norway had a large net trade with Sri Lanka in the exports of Chemical Products ($6.66M), Machines ($4.38M), and Foodstuffs ($1.72M).

During 2018, Sri Lanka had a large net trade with Norway in the exports of Transportation ($21.6M), Textiles ($21.1M), and Plastics and Rubbers ($7.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Sri Lanka+$345kElectrical Control Boards
Top Product Potential Sri Lanka Norway+$2.14MNon-Knit Men's Suits

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

Product Space of Norway (Flag) and Sri Lanka (Flag) (2023)

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