Colombia (COL) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Colombia-Norway Trade: In 2023, Colombia exported $286M to Norway. The main products that Colombia exported to Norway were Coal Briquettes ($178M), Coke ($44.1M), and Coffee ($41.2M). Over the past 5 years the exports of Colombia to Norway have increased at an annualized rate of 22.2%, from $105M in 2018 to $286M in 2023.

In 2023, Colombia did not export any services to Norway.

Norway-Colombia Trade: In 2023, Norway exported $48M to Colombia. The main products that Norway exported to Colombia were Mixed Mineral or Chemical Fertilizers ($18M), Electric Generating Sets ($5.27M), and Wood Pulp Lyes ($4.31M). Over the past 5 years the exports of Norway to Colombia have increased at an annualized rate of 7.06%, from $31.9M in 2018 to $48M in 2023.

In 2023, Norway did not export any services to Colombia.

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $286M to Norway. The main products exported from Colombia to Norway were Coal Briquettes ($178M), Coke ($44.1M), and Coffee ($41.2M). During the last 5 years the exports of Colombia to Norway have increased at an annualized rate of 22.2%, from $105M in 2018 to $286M in 2023.

In 2018, Norway exported $48M to Colombia. The main products exported from Norway to Colombia were Mixed Mineral or Chemical Fertilizers ($18M), Electric Generating Sets ($5.27M), and Wood Pulp Lyes ($4.31M). During the last 5 years the exports of Norway to Colombia have increased at an annualized rate of 7.06%, from $31.9M in 2023 to $48M in 2018.

Exports from Colombia () to Norway () (2023)

Exports from Norway () to Colombia () (2023)

Latest Data

Trade between Colombia () and Norway ()

Colombia Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Colombia than Norway included United States ($14.8B), Panama ($4.66B), and Ecuador ($2.19B).

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

Difference in imports from Norway () and Colombia () (2023)

Comparative Advantage Colombia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Norway in the exports of Mineral Products ($225M), Vegetable Products ($55.7M), and Textiles ($2.11M).

During 2018, Norway had a large net trade with Colombia in the exports of Chemical Products ($28.3M), Machines ($8.72M), and Plastics and Rubbers ($3.28M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Norway+$1.61MBananas

Top Product Potential Norway Colombia+$1.41MNon-fillet Frozen Fish

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

Year

This visualization shows the product space at the HS4 level with the flags of Colombia and Norway. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Colombia.

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Norway () (2023)

Exports from Norway () to Colombia () (2023)

Latest Data

Trade between Colombia () and Norway ()

Colombia Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Colombia () (2023)

Comparative Advantage Colombia - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Norway () (2023)

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