2022
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GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
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GDP GROWTH
85.2%CURRENT US$
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2022
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 GDP
$579BCURRENT US$
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2012-2022
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GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
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GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

India-Norway In 2022, India exported $736M to Norway. The main products that India exported to Norway are Carboxyamide Compounds ($67.4M), Refined Petroleum ($59M), and Raw Aluminium ($33.1M). During the last 27 years the exports of India to Norway have increased at an annualized rate of 7.31%, from $110M in 1995 to $736M in 2022.

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

Norway-India In 2022, Norway exported $1.03B to India. The main products that Norway exported to India were Petroleum Gas ($388M), Raw Nickel ($117M), and Crude Petroleum ($99.4M). During the last 27 years the exports of Norway to India have increased at an annualized rate of 8.46%, from $115M in 1995 to $1.03B in 2022.

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.

Comparison In 2022,  India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $736M to Norway. The main products exported from India to Norway were Carboxyamide Compounds ($67.4M), Refined Petroleum ($59M), and Raw Aluminium ($33.1M). During the last 27 years the exports of India to Norway have increased at an annualized rate of 7.31%, from $110M in 1995 to $736M in 2022.

In 2022, Norway exported $1.03B to India. The main products exported from Norway to India were Petroleum Gas ($388M), Raw Nickel ($117M), and Crude Petroleum ($99.4M). During the last 27 years the exports of Norway to India have increased at an annualized rate of 8.46%, from $115M in 1995 to $1.03B in 2022.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Norway
Top Destination
Germany$78.1B

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

In 2021, countries that imported more from India than Norway were United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

In 2021, countries that imported more from Norway than India were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage India - Norway

Flow
Scale

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

During 2022, India had a large net trade with Norway in the exports of Textiles ($155M), Chemical Products ($134M), and Metals ($89.5M).

During 2022, Norway had a large net trade with India in the exports of Mineral Products ($538M), Metals ($237M), and Chemical Products ($110M).

Service Trade

Bilateral Service Trade

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.

Services Exports from Norway (Flag) to India (Flag) (2010)

Economic Complexity

Competitive Landscape

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

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

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