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2023
Flag → Flag
Exports $1.7kRnk 204 / 205
2023
Flag → Flag
Top Product $1.7kComputers
2023
Flag → Flag
Exports $4.58kRnk 80 / 105
2023
Flag → Flag
Top Product $2.67kNewspapers
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH-10.5%CURRENT US$
Rnk 181 / 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$916CURRENT US$
Rnk 180 / 196
2013-2023
Flag
GDP PC GROWTH-20.4%CURRENT US$
Rnk 179 / 195

About

Norway-Lesotho Trade: In 2023, Norway exported $1.7k to Lesotho. The main products that Norway exported to Lesotho were Computers ($1.7k). Over the past 5 years the exports of Norway to Lesotho have decreased at an annualized rate of 15.1%, from $3.84k in 2018 to $1.7k in 2023.

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

Lesotho-Norway Trade: In 2023, Lesotho exported $4.58k to Norway. The main products that Lesotho exported to Norway were Newspapers ($2.67k), Low-voltage Protection Equipment ($885), and Cereal Flours ($755). Over the past 5 years the exports of Lesotho to Norway have increased at an annualized rate of 20.7%,  from $1.79k in 2018 to $4.58k in 2023.

In 2023, Lesotho 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, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK0 and imported NOK14k from Lesotho, resulting in a negative trade balance of NOK14k. Between December 2023 and December 2024 the exports of Norway have remained the same by NOK0 (N/A%) from NOK0 to NOK0, while imports decreased by NOK-14k (-50%) from NOK28k to NOK14k.

Trade In December 2024, the top exports of Norway to Lesotho were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0). In December 2024 the top imports of Norway from Lesotho were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In December 2024, the change in Norway's year-by-year exports to Lesotho was explained primarily by an decrease in product exports in . In December 2024, the decrease in Norway's year-by-year imports  from Lesotho was explained primarily by an decrease in product imports  in Cereals and cereal preparations (NOK-3k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK0(N/A%)
IMPORT GROWTH (December 2023 - December 2024)NOK-14k(-50%)

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 Lesotho and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lesotho and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $1.7k to Lesotho. The main products exported from Norway to Lesotho were Computers ($1.7k). During the last 5 years the exports of Norway to Lesotho have decreased at an annualized rate of 15.1%, from $3.84k in 2018 to $1.7k in 2023.

In 2018, Lesotho exported $4.58k to Norway. The main products exported from Lesotho to Norway were Newspapers ($2.67k), Low-voltage Protection Equipment ($885), and Cereal Flours ($755). During the last 5 years the exports of Lesotho to Norway have increased at an annualized rate of 20.7%, from $1.79k in 2023 to $4.58k in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Lesotho
Top DestinationSouth Africa$351M

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

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

In 2023, countries that imported more from Lesotho than Norway included South Africa ($351M), Eswatini ($7.34M), and Botswana ($1.49M).

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

Comparative Advantage Norway - Lesotho

Flow
Scale

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

During 2023, Norway had a large net trade with Lesotho in the exports of Machines ($1.7k).

During 2018, Lesotho had a large net trade with Norway in the exports of Paper Goods ($2.67k), Vegetable Products ($1.02k), and Machines ($885).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Lesotho+$24.3kSawn Wood
Top Product Potential Lesotho Norway+$2.71kNon-Knit Men's Suits

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

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

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