2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 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
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186

About

Norway-Bolivia In 2022, Norway exported $9.66M to Bolivia. The main products that Norway exported to Bolivia are Delivery Trucks ($3.33M), Mixed Mineral or Chemical Fertilizers ($1.74M), and Electric Generating Sets ($1.47M). During the last 27 years the exports of Norway to Bolivia have increased at an annualized rate of 4.04%, from $3.31M in 1995 to $9.66M in 2022.

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

Bolivia-Norway In 2022, Bolivia exported $766k to Norway. The main products that Bolivia exported to Norway were Coconuts, Brazil Nuts, and Cashews ($282k), Other Oily Seeds ($70.9k), and Cereal Flours ($55.9k). During the last 27 years the exports of Bolivia to Norway have increased at an annualized rate of 13.7%, from $23.8k in 1995 to $766k in 2022.

In 2022, Bolivia 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, Bolivia ranked 98 in the Economic Complexity Index (ECI -0.9), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $9.66M to Bolivia. The main products exported from Norway to Bolivia were Delivery Trucks ($3.33M), Mixed Mineral or Chemical Fertilizers ($1.74M), and Electric Generating Sets ($1.47M). During the last 27 years the exports of Norway to Bolivia have increased at an annualized rate of 4.04%, from $3.31M in 1995 to $9.66M in 2022.

In 2022, Bolivia exported $766k to Norway. The main products exported from Bolivia to Norway were Coconuts, Brazil Nuts, and Cashews ($282k), Other Oily Seeds ($70.9k), and Cereal Flours ($55.9k). During the last 27 years the exports of Bolivia to Norway have increased at an annualized rate of 13.7%, from $23.8k in 1995 to $766k in 2022.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Bolivia
Top Destination
India$2.27B

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

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

In 2021, countries that imported more from Bolivia than Norway were Argentina ($1.76B), India ($2.27B), and Colombia ($1.06B).

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

Comparative Advantage Norway - Bolivia

Flow
Scale

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

During 2022, Norway had a large net trade with Bolivia in the exports of Transportation ($3.7M), Machines ($3.58M), and Chemical Products ($2.19M).

During 2022, Bolivia had a large net trade with Norway in the exports of Vegetable Products ($510k), Textiles ($73.7k), and Metals ($53.3k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with