2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%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).

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 Destination
Germany$78.1B
Bangladesh
Top Destination
United 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with