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2023
Flag → Flag
Exports $6.57MRnk 118 / 205
2023
Flag → Flag
Top Product $2.2MDelivery Trucks
2023
Flag → Flag
Exports $775kRnk 67 / 136
2023
Flag → Flag
Top Product $438kCoconuts, Brazil Nuts, and Cashews
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 105 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH47.2%CURRENT US$
Rnk 80 / 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$3,686CURRENT US$
Rnk 135 / 196
2013-2023
Flag
GDP PC GROWTH28.4%CURRENT US$
Rnk 82 / 195

About

Norway-Bolivia Trade: In 2023, Norway exported $6.57M to Bolivia. The main products that Norway exported to Bolivia were Delivery Trucks ($2.2M), Mixed Mineral or Chemical Fertilizers ($1.28M), and Electric Generating Sets ($754k). Over the past 5 years the exports of Norway to Bolivia have decreased at an annualized rate of 9.09%, from $10.6M in 2018 to $6.57M in 2023.

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

Bolivia-Norway Trade: In 2023, Bolivia exported $775k to Norway. The main products that Bolivia exported to Norway were Coconuts, Brazil Nuts, and Cashews ($438k), Coffee ($50.2k), and Dried Fruits ($42.2k). Over the past 5 years the exports of Bolivia to Norway have decreased at an annualized rate of 18.6%,  from $2.17M in 2018 to $775k in 2023.

In 2023, Bolivia 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, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK2.43M and imported NOK1.27M from Bolivia, resulting in a positive trade balance of NOK1.16M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-351k (-12.6%) from NOK2.78M to NOK2.43M, while imports increased by NOK874k (221%) from NOK396k to NOK1.27M.

Trade In December 2024, the top exports of Norway to Bolivia were Road vehicles (including air-cushion vehicles) (NOK3.4M), Machinery specialized for particular industries (NOK650k), Power-generating machinery and equipment (NOK212k), Rubber manufactures, n.e.s. (NOK51k), and General industrial machinery and equipment, n.e.s.,... (NOK11k). In December 2024 the top imports of Norway from Bolivia were Vegetables and fruit (NOK439k), Coffee, tea, cocoa, spices, and manufactures... (NOK127k), Cereals and cereal preparations (NOK107k), Articles of apparel and clothing accessories (NOK100k), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK10k).

Growth In December 2024, the decrease in Norway's year-by-year exports to Bolivia was explained primarily by an decrease in product exports in Machinery specialized for particular industries (NOK-320k or -33%). In December 2024, the increase in Norway's year-by-year imports  from Bolivia was explained primarily by an increase in product imports  in Vegetables and fruit (NOK354k or 416%), Coffee, tea, cocoa, spices, and manufactures... (NOK73k or 135%), and Articles of apparel and clothing accessories (NOK50k or 100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-351k(-12.6%)
IMPORT GROWTH (December 2023 - December 2024)NOK874k(221%)

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 Bolivia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bolivia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $6.57M to Bolivia. The main products exported from Norway to Bolivia were Delivery Trucks ($2.2M), Mixed Mineral or Chemical Fertilizers ($1.28M), and Electric Generating Sets ($754k). During the last 5 years the exports of Norway to Bolivia have decreased at an annualized rate of 9.09%, from $10.6M in 2018 to $6.57M in 2023.

In 2018, Bolivia exported $775k to Norway. The main products exported from Bolivia to Norway were Coconuts, Brazil Nuts, and Cashews ($438k), Coffee ($50.2k), and Dried Fruits ($42.2k). During the last 5 years the exports of Bolivia to Norway have decreased at an annualized rate of 18.6%, from $2.17M in 2023 to $775k in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Bolivia than Norway included Argentina ($1.15B), Brazil ($1.54B), and Colombia ($687M).

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

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 2023, Norway had a large net trade with Bolivia in the exports of Transportation ($3.05M), Chemical Products ($1.94M), and Machines ($1.52M).

During 2018, Bolivia had a large net trade with Norway in the exports of Vegetable Products ($610k), Textiles ($60.4k), and Instruments ($34.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Bolivia+$705kMixed Mineral or Chemical Fertilizers
Top Product Potential Bolivia Norway+$161kCoconuts, Brazil Nuts, and Cashews

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

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

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