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Pricing

2022
Flag → Flag
Exports $15.1MRnk 101 / 209
2022
Flag → Flag
Top Product $1.84MOther Small Iron Pipes
2022
Flag → Flag
Exports $21.7MRnk 26 / 173
2022
Flag → Flag
Top Product $12.5MBovine Meat
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 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$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
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GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 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$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186

About

Norway-Namibia Trade: In 2022, Norway exported $15.1M to Namibia. The main products that Norway exported to Namibia were Other Small Iron Pipes ($1.84M), Excavation Machinery ($1.5M), and Other Electrical Machinery ($1.38M). Over the past 5 years the exports of Norway to Namibia have increased at an annualized rate of 23.7%, from $5.21M in 2017 to $15.1M in 2022.

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

Namibia-Norway Trade: In 2022, Namibia exported $21.7M to Norway. The main products that Namibia exported to Norway were Bovine Meat ($12.5M), Frozen Bovine Meat ($3.07M), and Grapes ($1.61M). Over the past 5 years the exports of Namibia to Norway have decreased at an annualized rate of 15.9%,  from $145M in 2017 to $21.7M in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK62.5M and imported NOK4.18M from Namibia, resulting in a positive trade balance of NOK58.3M. Between October 2023 and October 2024 the exports of Norway have increased by NOK15.8M (33.8%) from NOK46.7M to NOK62.5M, while imports decreased by NOK-14.1M (-77.2%) from NOK18.3M to NOK4.18M.

Trade In October 2024, the top exports of Norway to Namibia were Machinery specialized for particular industries (NOK7.41M), General industrial machinery and equipment, n.e.s.,... (NOK5.11M), Manufactures of metals, n.e.s. (NOK1.95M), Professional, scientific and controlling instruments and... (NOK989k), and Inorganic chemicals (NOK850k). In October 2024 the top imports of Norway from Namibia were Meat and meat preparations (NOK22.1M), Vegetables and fruit (NOK3.91M), Rubber manufactures, n.e.s. (NOK263k), Prefabricated buildings; sanitary, plumbing, heating and... (NOK134k), and Non-ferrous metals (NOK125k).

Growth In October 2024, the increase in Norway's year-by-year exports to Namibia was explained primarily by an increase in product exports in Machinery specialized for particular industries (NOK7.29M or 6.34k%), General industrial machinery and equipment, n.e.s.,... (NOK4.05M or 381%), and Manufactures of metals, n.e.s. (NOK1.93M or 13.8k%). In October 2024, the decrease in Norway's year-by-year imports  from Namibia was explained primarily by an decrease in product imports  in Vegetables and fruit (NOK-1.43M or -26.8%), Meat and meat preparations (NOK-940k or -4.07%), and Medicinal and pharmaceutical products (NOK-153k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK15.8M(33.8%)
IMPORT GROWTH (October 2023 - October 2024)NOK-14.1M(-77.2%)

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 Namibia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Namibia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $15.1M to Namibia. The main products exported from Norway to Namibia were Other Small Iron Pipes ($1.84M), Excavation Machinery ($1.5M), and Other Electrical Machinery ($1.38M). During the last 5 years the exports of Norway to Namibia have increased at an annualized rate of 23.7%, from $5.21M in 2017 to $15.1M in 2022.

In 2017, Namibia exported $21.7M to Norway. The main products exported from Namibia to Norway were Bovine Meat ($12.5M), Frozen Bovine Meat ($3.07M), and Grapes ($1.61M). During the last 5 years the exports of Namibia to Norway have decreased at an annualized rate of 15.9%, from $145M in 2022 to $21.7M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Namibia
Top DestinationSouth Africa$1.75B

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

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

In 2022, countries that imported more from Namibia than Norway included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

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

Comparative Advantage Norway - Namibia

Flow
Scale

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

During 2022, Norway had a large net trade with Namibia in the exports of Machines ($7.24M), Metals ($3.27M), and Instruments ($1.92M).

During 2017, Namibia had a large net trade with Norway in the exports of Animal Products ($15.8M), Machines ($1.69M), and Vegetable Products ($1.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Namibia+$1.23MRefined Petroleum
Top Product Potential Namibia Norway+$2.41MRefined Petroleum

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

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

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