2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP
$84.8BCURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP GROWTH
-35.9%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC 
$87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC
$2,308CURRENT US$
Rnk 151 / 196
2013-2023
Flag
GDP PC GROWTH
-54.4%CURRENT US$
Rnk 194 / 195

About

Norway-Angola Trade: In 2023, Norway exported $147M to Angola. The main products that Norway exported to Angola were Valves ($32.7M), Machinery Having Individual Functions ($19.9M), and Other Iron Products ($16.5M). Over the past 5 years the exports of Norway to Angola have decreased at an annualized rate of 6.75%, from $208M in 2018 to $147M in 2023.

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

Angola-Norway Trade: In 2023, Angola exported $11.7M to Norway. The main products that Angola exported to Norway were Aluminium Structures ($4.02M), Valves ($2.39M), and Machinery Having Individual Functions ($934k). Over the past 5 years the exports of Angola to Norway have decreased at an annualized rate of 2.39%,  from $18.1M in 2018 to $11.7M in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $147M to Angola. The main products exported from Norway to Angola were Valves ($32.7M), Machinery Having Individual Functions ($19.9M), and Other Iron Products ($16.5M). During the last 5 years the exports of Norway to Angola have decreased at an annualized rate of 6.75%, from $208M in 2018 to $147M in 2023.

In 2018, Angola exported $11.7M to Norway. The main products exported from Angola to Norway were Aluminium Structures ($4.02M), Valves ($2.39M), and Machinery Having Individual Functions ($934k). During the last 5 years the exports of Angola to Norway have decreased at an annualized rate of 2.39%, from $18.1M in 2023 to $11.7M in 2018.

Exports from Norway (Flag) to Angola (Flag) (2023)

Exports from Angola (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Angola
Top Destination
China$17.1B

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

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

In 2023, countries that imported more from Angola than Norway included China ($17.1B), India ($3.87B), and United Arab Emirates ($2.75B).

Difference in imports from Angola (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Angola

Flow
Scale

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

During 2023, Norway had a large net trade with Angola in the exports of Machines ($85.4M), Metals ($31.1M), and Mineral Products ($13M).

During 2018, Angola had a large net trade with Norway in the exports of Machines ($5.86M), Metals ($5.27M), and Instruments ($464k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Angola+$478kComputers
Top Product Potential Angola Norway+$327kValves

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

Product Space of Norway (Flag) and Angola (Flag) (2023)

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