2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP
$2.4BCURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP GROWTH
74.2%CURRENT US$
Rnk 35 / 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
$888CURRENT US$
Rnk 181 / 196
2013-2023
Flag
GDP PC GROWTH
35.8%CURRENT US$
Rnk 68 / 195

About

Norway-Gambia Trade: In 2023, Norway exported $1.96M to Gambia. The main products that Norway exported to Gambia were Rubberworking Machinery ($590k), Cars ($561k), and Stone Working Machines ($116k). Over the past 5 years the exports of Norway to Gambia have increased at an annualized rate of 6.96%, from $1.4M in 2018 to $1.96M in 2023.

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

Gambia-Norway Trade: In 2023, Gambia exported $103k to Norway. The main products that Gambia exported to Norway were Transmissions ($98.4k), Garments of Impregnated Fabric ($1.77k), and Broadcasting Equipment ($1.43k). Over the past 5 years the exports of Gambia to Norway have increased at an annualized rate of 17.1%,  from $46.6k in 2018 to $103k in 2023.

In 2023, Gambia 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, Gambia ranked 138 in total exports ($3.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $1.96M to Gambia. The main products exported from Norway to Gambia were Rubberworking Machinery ($590k), Cars ($561k), and Stone Working Machines ($116k). During the last 5 years the exports of Norway to Gambia have increased at an annualized rate of 6.96%, from $1.4M in 2018 to $1.96M in 2023.

In 2018, Gambia exported $103k to Norway. The main products exported from Gambia to Norway were Transmissions ($98.4k), Garments of Impregnated Fabric ($1.77k), and Broadcasting Equipment ($1.43k). During the last 5 years the exports of Gambia to Norway have increased at an annualized rate of 17.1%, from $46.6k in 2023 to $103k in 2018.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Gambia
Top Destination
Kazakhstan$2.91B

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

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

In 2023, countries that imported more from Gambia than Norway included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and Mali ($8.85M).

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

Comparative Advantage Norway - Gambia

Flow
Scale

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

During 2023, Norway had a large net trade with Gambia in the exports of Machines ($920k), Transportation ($751k), and Miscellaneous ($92.2k).

During 2018, Gambia had a large net trade with Norway in the exports of Machines ($100k), Textiles ($1.91k), and Precious Metals ($432).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Gambia+$640kPetroleum Gas
Top Product Potential Gambia Norway+$15kComputers

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

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

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