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2023
Flag → Flag
Exports $800MRnk 22 / 205
2023
Flag → Flag
Top Product $147MRaw Nickel
2023
Flag → Flag
Exports $903MRnk 72 / 220
2023
Flag → Flag
Top Product $119MBran
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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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$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Norway-India Trade: In 2023, Norway exported $800M to India. The main products that Norway exported to India were Raw Nickel ($147M), Tug Boats ($79.8M), and Passenger and Cargo Ships ($76.7M). Over the past 5 years the exports of Norway to India have increased at an annualized rate of 11.2%, from $471M in 2018 to $800M in 2023.

In 2010, Norway exported services to India worth $1.07B, with Services not allocated ($538M), Other business services ($330M), and Transportation ($93.5M) being the largest in terms of value.

India-Norway Trade: In 2023, India exported $903M to Norway. The main products that India exported to Norway were Bran ($119M), Carboxyamide Compounds ($71.5M), and Other Sea Vessels ($67.4M). Over the past 5 years the exports of India to Norway have increased at an annualized rate of 10.1%,  from $557M in 2018 to $903M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK322M and imported NOK731M from India, resulting in a negative trade balance of NOK408M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-109M (-25.3%) from NOK432M to NOK322M, while imports increased by NOK180M (32.6%) from NOK551M to NOK731M.

Trade In December 2024, the top exports of Norway to India were Non-ferrous metals (NOK93.2M), Metalliferous ores and metal scrap (NOK34.8M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK20M), Chemical materials and products, n.e.s. (NOK17.1M), and Organic chemicals (NOK11.9M). In December 2024 the top imports of Norway from India were Feeding stuff for animals (not including... (NOK108M), Organic chemicals (NOK85.6M), Articles of apparel and clothing accessories (NOK64.5M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK57.4M), and Medicinal and pharmaceutical products (NOK35.8M).

Growth In December 2024, the decrease in Norway's year-by-year exports to India was explained primarily by an decrease in product exports in Metalliferous ores and metal scrap (NOK-56.3M or -61.8%), Plastics in primary forms (NOK-24.1M or -70.5%), and Other transport equipment (NOK-22.7M or -99.8%). In December 2024, the increase in Norway's year-by-year imports  from India was explained primarily by an increase in product imports  in Organic chemicals (NOK23.1M or 37%), Medicinal and pharmaceutical products (NOK8.26M or 30%), and Rubber manufactures, n.e.s. (NOK6.69M or 83.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-109M(-25.3%)
IMPORT GROWTH (December 2023 - December 2024)NOK180M(32.6%)

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 India and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $800M to India. The main products exported from Norway to India were Raw Nickel ($147M), Tug Boats ($79.8M), and Passenger and Cargo Ships ($76.7M). During the last 5 years the exports of Norway to India have increased at an annualized rate of 11.2%, from $471M in 2018 to $800M in 2023.

In 2018, India exported $903M to Norway. The main products exported from India to Norway were Bran ($119M), Carboxyamide Compounds ($71.5M), and Other Sea Vessels ($67.4M). During the last 5 years the exports of India to Norway have increased at an annualized rate of 10.1%, from $557M in 2023 to $903M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
India
Top DestinationUnited States$85.5B

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

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

In 2023, countries that imported more from India than Norway included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Norway - India

Flow
Scale

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

During 2023, Norway had a large net trade with India in the exports of Metals ($273M), Transportation ($255M), and Chemical Products ($85.3M).

During 2018, India had a large net trade with Norway in the exports of Textiles ($190M), Chemical Products ($142M), and Foodstuffs ($129M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway India+$609MPetroleum Gas
Top Product Potential India Norway+$164MRefined Petroleum

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

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

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