Flag Vietnam / Norway Flag

2020
FlagFlag
Exports
: $694M, Rnk 38 / 143

2020
FlagFlag
Top Product
: $199M, Passenger and Cargo Ships

2020
FlagFlag
Exports
: $236M, Rnk 35 / 197

2020
FlagFlag
Top Product
: $65.2M, Non-fillet Frozen Fish

2020
Flag
Economic Complexity (ECI)
: ECI -0.057, Rnk 61 / 127

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

2020
Flag  
GDP
: $271B, CURRENT US$
Rnk 41 / 195

2010-2020
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GDP GROWTH
: 134%, CURRENT US$
Rnk 8 / 195

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

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

2020
Flag
GDP PC 
: $2,786, CURRENT US$
Rnk 139 / 195

2010-2020
Flag
GDP PC GROWTH
: 111%, CURRENT US$
Rnk 7 / 195

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

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

Vietnam-Norway In 2020, Vietnam exported $694M to Norway. The main products that Vietnam exported to Norway are Passenger and Cargo Ships ($199M), Broadcasting Equipment ($109M), and Textile Footwear ($53.2M). During the last 25 years the exports of Vietnam to Norway have increased at an annualized rate of 16.3%, from $15.9M in 1995 to $694M in 2020.

In 2020, Vietnam did not export any services to Norway.

Norway-Vietnam In 2020, Norway exported $236M to Vietnam. The main products that Norway exported to Vietnam were Non-fillet Frozen Fish ($65.2M), Non-fillet Fresh Fish ($26.8M), and Liquid Pumps ($22.8M). During the last 25 years the exports of Norway to Vietnam have increased at an annualized rate of 18.6%, from $3.32M in 1995 to $236M in 2020.

In 2020, Norway did not export any services to Vietnam.

Comparison In 2020,  Vietnam ranked 61 in the Economic Complexity Index (ECI -0.057), and 16 in total exports ($300B). That same year, Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Vietnam exported $694M to Norway. The main products exported from Vietnam to Norway were Passenger and Cargo Ships ($199M), Broadcasting Equipment ($109M), and Textile Footwear ($53.2M). During the last 25 years the exports of Vietnam to Norway have increased at an annualized rate of 16.3%, from $15.9M in 1995 to $694M in 2020.

In 2020, Norway exported $236M to Vietnam. The main products exported from Norway to Vietnam were Non-fillet Frozen Fish ($65.2M), Non-fillet Fresh Fish ($26.8M), and Liquid Pumps ($22.8M). During the last 25 years the exports of Norway to Vietnam have increased at an annualized rate of 18.6%, from $3.32M in 1995 to $236M in 2020.

Norway Exports

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Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $77B

Norway
Top Destination
: United Kingdom, $14B

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

In 2019, countries that imported more from Vietnam than Norway were United States ($77B), China ($49.4B), and Japan ($20.4B).

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

Comparative Advantage Vietnam - Norway

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Flow

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

During 2020, Vietnam had a large net trade with Norway in the exports of Transportation ($202M), Machines ($176M), and Footwear and Headwear ($84.4M).

During 2020, Norway had a large net trade with Vietnam in the exports of Animal Products ($110M), Machines ($50.6M), and Chemical Products ($27.5M).

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