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2022
Flag → Flag
Exports $10.9MRnk 107 / 209
2022
Flag → Flag
Top Product $1.98MSurveying Equipment
2022
Flag → Flag
Exports $404MRnk 26 / 139
2022
Flag → Flag
Top Product $78.5MKnit Sweaters
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
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GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$2,688CURRENT US$
Rnk 136 / 186
2012-2022
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GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186

About

Norway-Bangladesh Trade: In 2022, Norway exported $10.9M to Bangladesh. The main products that Norway exported to Bangladesh were Surveying Equipment ($1.98M), Fish Oil ($1.79M), and Compasses ($1.2M). Over the past 5 years the exports of Norway to Bangladesh have decreased at an annualized rate of 20.4%, from $34.2M in 2017 to $10.9M in 2022.

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

Bangladesh-Norway Trade: In 2022, Bangladesh exported $404M to Norway. The main products that Bangladesh exported to Norway were Knit Sweaters ($78.5M), Knit T-shirts ($64.3M), and Non-Knit Men's Suits ($40.1M). Over the past 5 years the exports of Bangladesh to Norway have increased at an annualized rate of 7.88%,  from $276M in 2017 to $404M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK50.2M and imported NOK422M from Bangladesh, resulting in a negative trade balance of NOK371M. Between October 2023 and October 2024 the exports of Norway have increased by NOK26.9M (115%) from NOK23.3M to NOK50.2M, while imports increased by NOK104M (32.9%) from NOK317M to NOK422M.

Trade In October 2024, the top exports of Norway to Bangladesh were Power-generating machinery and equipment (NOK4.48M), Professional, scientific and controlling instruments and... (NOK2.53M), Animal oils and fats (NOK2.37M), Chemical materials and products, n.e.s. (NOK355k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK327k). In October 2024 the top imports of Norway from Bangladesh were Articles of apparel and clothing accessories (NOK292M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK19.4M), Footwear (NOK3.53M), Furniture, and parts thereof; bedding, mattresses,... (NOK2.73M), and Non-metallic mineral manufactures, n.e.s. (NOK1.83M).

Growth In October 2024, the increase in Norway's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Animal oils and fats (NOK1.83M or 334%) and Plastics in non-primary forms (NOK192k or 3.2k%). In October 2024, the increase in Norway's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Articles of apparel and clothing accessories (NOK105M or 56.4%), Furniture, and parts thereof; bedding, mattresses,... (NOK2.03M or 288%), and Non-metallic mineral manufactures, n.e.s. (NOK521k or 39.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK26.9M(115%)
IMPORT GROWTH (October 2023 - October 2024)NOK104M(32.9%)

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 Bangladesh and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $10.9M to Bangladesh. The main products exported from Norway to Bangladesh were Surveying Equipment ($1.98M), Fish Oil ($1.79M), and Compasses ($1.2M). During the last 5 years the exports of Norway to Bangladesh have decreased at an annualized rate of 20.4%, from $34.2M in 2017 to $10.9M in 2022.

In 2017, Bangladesh exported $404M to Norway. The main products exported from Bangladesh to Norway were Knit Sweaters ($78.5M), Knit T-shirts ($64.3M), and Non-Knit Men's Suits ($40.1M). During the last 5 years the exports of Bangladesh to Norway have increased at an annualized rate of 7.88%, from $276M in 2022 to $404M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Norway than Bangladesh included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Bangladesh than Norway included United States ($11.7B), Spain ($4.41B), and India ($2B).

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

Comparative Advantage Norway - Bangladesh

Flow
Scale

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

During 2022, Norway had a large net trade with Bangladesh in the exports of Instruments ($4.33M), Animal and Vegetable Bi-Products ($1.79M), and Chemical Products ($1.56M).

During 2017, Bangladesh had a large net trade with Norway in the exports of Textiles ($383M), Footwear and Headwear ($7.94M), and Stone And Glass ($5.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Bangladesh+$1.64MScrap Iron
Top Product Potential Bangladesh Norway+$26MKnit Sweaters

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

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

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