2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
Flag
GDP GROWTH
-3.33%CURRENT US$
Rnk 168 / 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
$4,911CURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP PC GROWTH
-18.4%CURRENT US$
Rnk 170 / 186

About

Norway-Namibia Trade: In 2022, Norway exported $15.1M to Namibia. The main products that Norway exported to Namibia were Other Small Iron Pipes ($1.84M), Excavation Machinery ($1.5M), and Other Electrical Machinery ($1.38M). Over the past 5 years the exports of Norway to Namibia have increased at an annualized rate of 23.7%, from $5.21M in 2017 to $15.1M in 2022.

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

Namibia-Norway Trade: In 2022, Namibia exported $21.7M to Norway. The main products that Namibia exported to Norway were Bovine Meat ($12.5M), Frozen Bovine Meat ($3.07M), and Grapes ($1.61M). Over the past 5 years the exports of Namibia to Norway have decreased at an annualized rate of 31.6%,  from $145M in 2017 to $21.7M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $15.1M to Namibia. The main products exported from Norway to Namibia were Other Small Iron Pipes ($1.84M), Excavation Machinery ($1.5M), and Other Electrical Machinery ($1.38M). During the last 5 years the exports of Norway to Namibia have increased at an annualized rate of 23.7%, from $5.21M in 2017 to $15.1M in 2022.

In 2017, Namibia exported $21.7M to Norway. The main products exported from Namibia to Norway were Bovine Meat ($12.5M), Frozen Bovine Meat ($3.07M), and Grapes ($1.61M). During the last 5 years the exports of Namibia to Norway have decreased at an annualized rate of 31.6%, from $145M in 2022 to $21.7M in 2017.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Namibia
Top Destination
South Africa$1.75B

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

In 2022, countries that imported more from Norway than Namibia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Namibia than Norway included South Africa ($1.75B), Botswana ($672M), and Zambia ($279M).

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

Comparative Advantage Norway - Namibia

Flow
Scale

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

During 2022, Norway had a large net trade with Namibia in the exports of Machines ($7.24M), Metals ($3.27M), and Instruments ($1.92M).

During 2017, Namibia had a large net trade with Norway in the exports of Animal Products ($15.8M), Machines ($1.69M), and Vegetable Products ($1.63M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Namibia+$1.23MRefined Petroleum
Top Product Potential Namibia Norway+$2.41MRefined 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 Namibia. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Namibia. Similarly, a dot/product with the flag of Namibia indicates it has a comparative advantage over Norway.

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

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