Norway (NOR) and Benin (BEN) Trade | The Observatory of Economic Complexity

About

Norway-Benin In 2022, Norway exported $6.86M to Benin. The main products that Norway exported to Benin are Non-fillet Frozen Fish ($4.4M), Cars ($1.5M), and Delivery Trucks ($773k). During the last 27 years the exports of Norway to Benin have increased at an annualized rate of 9.26%, from $627k in 1995 to $6.86M in 2022.

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

Benin-Norway In 2022, Benin exported $44.2k to Norway. The main products that Benin exported to Norway were Refined Petroleum ($44.2k). During the last 27 years the exports of Benin to Norway have increased at an annualized rate of 13.2%, from $1.56k in 1995 to $44.2k in 2022.

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

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Benin ranked 149 in total exports ($1.67B), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK1.41M and imported NOK0 from Benin, resulting in a positive trade balance of NOK1.41M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-2.13M (-60.2%) from NOK3.54M to NOK1.41M, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In February 2024, the top exports of Norway to Benin were Road vehicles (including air-cushion vehicles) (NOK1.61M), Fish (not marine mammals), crustaceans, molluscs... (NOK264k), General industrial machinery and equipment, n.e.s.,... (NOK98k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0). In February 2024 the top imports of Norway from Benin were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In February 2024, the decrease in Norway's year-by-year exports to Benin was explained primarily by an decrease in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK-4.3M or -94.2%), Plastics in non-primary forms (NOK-192k or -100%), and Road vehicles (including air-cushion vehicles) (NOK-129k or -7.42%). In February 2024, the change in Norway's year-by-year imports from Benin was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-2.13M(-60.2%)

IMPORT GROWTH (February 2023 - February 2024)NOK0(N/A%)

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 Benin and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $6.86M to Benin. The main products exported from Norway to Benin were Non-fillet Frozen Fish ($4.4M), Cars ($1.5M), and Delivery Trucks ($773k). During the last 27 years the exports of Norway to Benin have increased at an annualized rate of 9.26%, from $627k in 1995 to $6.86M in 2022.

In 2022, Benin exported $44.2k to Norway. The main products exported from Benin to Norway were Refined Petroleum ($44.2k). During the last 24 years the exports of Benin to Norway have increased at an annualized rate of 13.2%, from $1.56k in 1998 to $44.2k in 2022.

Exports from Norway () to Benin () (2022)

Exports from Benin () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Benin
Top DestinationIndia$448M

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

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

In 2021, countries that imported more from Benin than Norway were Bangladesh ($406M), Chad ($28M), and Niger ($16.9M).

Difference in imports from Benin () and Norway () (2022)

Comparative Advantage Norway - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Benin in the exports of Animal Products ($4.4M), Transportation ($2.28M), and Mineral Products ($99.9k).

During 2022, Benin had a large net trade with Norway in the exports of Mineral Products ($44.2k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Benin () (2022)

Exports from Benin () to Norway () (2022)

Market Competitiveness

Difference in imports from Benin () and Norway () (2022)

Comparative Advantage Norway - Benin

Economic Complexity

Competitive Landscape

Product Space of Norway () and Benin () (2022)

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