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Pricing

2022
Flag → Flag
Exports $1.52MRnk 148 / 209
2022
Flag → Flag
Top Product $366kBroadcasting Equipment
2022
Flag → Flag
Exports $2.37MRnk 27 / 149
2022
Flag → Flag
Top Product $388kKnit Sweaters
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
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GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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
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GDP PC$1,337CURRENT US$
Rnk 160 / 186
2012-2022
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GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Norway-Nepal Trade: In 2022, Norway exported $1.52M to Nepal. The main products that Norway exported to Nepal were Broadcasting Equipment ($366k), Surveying Equipment ($290k), and Rubber Pipes ($259k). Over the past 5 years the exports of Norway to Nepal have decreased at an annualized rate of 4.74%, from $1.93M in 2017 to $1.52M in 2022.

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

Nepal-Norway Trade: In 2022, Nepal exported $2.37M to Norway. The main products that Nepal exported to Norway were Knit Sweaters ($388k), Felt ($333k), and Bedspreads ($211k). Over the past 5 years the exports of Nepal to Norway have decreased at an annualized rate of 3.41%,  from $3.02M in 2017 to $2.37M in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Norway exported NOK579k and imported NOK3.74M from Nepal, resulting in a negative trade balance of NOK3.17M. Between September 2023 and September 2024 the exports of Norway have decreased by NOK-155k (-21.1%) from NOK734k to NOK579k, while imports decreased by NOK-1.43M (-27.7%) from NOK5.18M to NOK3.74M.

Trade In September 2024, the top exports of Norway to Nepal were Other transport equipment (NOK505k), Fish (not marine mammals), crustaceans, molluscs... (NOK360k), Telecommunications and sound-recording and reproducing apparatus... (NOK8k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0). In September 2024 the top imports of Norway from Nepal were Articles of apparel and clothing accessories (NOK1.78M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK846k), Miscellaneous manufactured articles, n.e.s. (NOK142k), Textile fibres (other than wool tops... (NOK17k), and Medicinal and pharmaceutical products (NOK13k).

Growth In September 2024, the decrease in Norway's year-by-year exports to Nepal was explained primarily by an decrease in product exports in . In September 2024, the decrease in Norway's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Leather, leather manufactures, n.e.s., and dressed... (NOK-123k or -100%), Cork and wood manufactures (excluding furniture) (NOK-90k or -98.9%), and Footwear (NOK-16k or -80%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK-155k(-21.1%)
IMPORT GROWTH (September 2023 - September 2024)NOK-1.43M(-27.7%)

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 Nepal and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.52M to Nepal. The main products exported from Norway to Nepal were Broadcasting Equipment ($366k), Surveying Equipment ($290k), and Rubber Pipes ($259k). During the last 5 years the exports of Norway to Nepal have decreased at an annualized rate of 4.74%, from $1.93M in 2017 to $1.52M in 2022.

In 2017, Nepal exported $2.37M to Norway. The main products exported from Nepal to Norway were Knit Sweaters ($388k), Felt ($333k), and Bedspreads ($211k). During the last 5 years the exports of Nepal to Norway have decreased at an annualized rate of 3.41%, from $3.02M in 2022 to $2.37M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Norway included Central African Republic ($8.88M), Bhutan ($3.99M), and Afghanistan ($112k).

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

Comparative Advantage Norway - Nepal

Flow
Scale

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

During 2022, Norway had a large net trade with Nepal in the exports of Machines ($414k), Instruments ($323k), and Plastics and Rubbers ($275k).

During 2017, Nepal had a large net trade with Norway in the exports of Textiles ($1.83M), Miscellaneous ($131k), and Footwear and Headwear ($106k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Nepal+$435kTelephones
Top Product Potential Nepal Norway+$460kKnit Sweaters

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

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

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