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2023
Flag → Flag
Exports $702kRnk 163 / 205
2023
Flag → Flag
Top Product $227kBroadcasting Equipment
2023
Flag → Flag
Exports $2.85MRnk 21 / 111
2023
Flag → Flag
Top Product $492kKnit Sweaters
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$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 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$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Norway-Nepal Trade: In 2023, Norway exported $702k to Nepal. The main products that Norway exported to Nepal were Broadcasting Equipment ($227k), Fish Fillets ($78.1k), and Video Displays ($74.6k). Over the past 5 years the exports of Norway to Nepal have decreased at an annualized rate of 22.6%, from $2.52M in 2018 to $702k in 2023.

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

Nepal-Norway Trade: In 2023, Nepal exported $2.85M to Norway. The main products that Nepal exported to Norway were Knit Sweaters ($492k), Other Cloth Articles ($446k), and Knotted Carpets ($246k). Over the past 5 years the exports of Nepal to Norway have increased at an annualized rate of 4.66%,  from $2.27M in 2018 to $2.85M in 2023.

In 2023, Nepal 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, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK108k and imported NOK1.21M from Nepal, resulting in a negative trade balance of NOK1.1M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-393k (-78.4%) from NOK501k to NOK108k, while imports decreased by NOK-547k (-31.2%) from NOK1.75M to NOK1.21M.

Trade In December 2024, the top exports of Norway to Nepal were Telecommunications and sound-recording and reproducing apparatus... (NOK44k), Road vehicles (including air-cushion vehicles) (NOK25k), Professional, scientific and controlling instruments and... (NOK20k), Power-generating machinery and equipment (NOK14k), and Plastics in primary forms (NOK5k). In December 2024 the top imports of Norway from Nepal were Articles of apparel and clothing accessories (NOK1.6M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK345k), Miscellaneous manufactured articles, n.e.s. (NOK333k), Footwear (NOK65k), and Coffee, tea, cocoa, spices, and manufactures... (NOK17k).

Growth In December 2024, the decrease in Norway's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Other transport equipment (NOK-505k or -100%) and Fish (not marine mammals), crustaceans, molluscs... (NOK-360k or -100%). In December 2024, the decrease in Norway's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK-501k or -59.2%), Articles of apparel and clothing accessories (NOK-174k or -9.8%), and Medicinal and pharmaceutical products (NOK-13k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-393k(-78.4%)
IMPORT GROWTH (December 2023 - December 2024)NOK-547k(-31.2%)

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 Nepal and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $702k to Nepal. The main products exported from Norway to Nepal were Broadcasting Equipment ($227k), Fish Fillets ($78.1k), and Video Displays ($74.6k). During the last 5 years the exports of Norway to Nepal have decreased at an annualized rate of 22.6%, from $2.52M in 2018 to $702k in 2023.

In 2018, Nepal exported $2.85M to Norway. The main products exported from Nepal to Norway were Knit Sweaters ($492k), Other Cloth Articles ($446k), and Knotted Carpets ($246k). During the last 5 years the exports of Nepal to Norway have increased at an annualized rate of 4.66%, from $2.27M in 2023 to $2.85M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Nepal
Top DestinationIndia$811M

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

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

In 2023, countries that imported more from Nepal than Norway included India ($811M) and Lesotho ($16.2k).

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

Comparative Advantage Norway - Nepal

Flow
Scale

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

During 2023, Norway had a large net trade with Nepal in the exports of Machines ($420k), Animal Products ($103k), and Transportation ($53.8k).

During 2018, Nepal had a large net trade with Norway in the exports of Textiles ($2.21M), Footwear and Headwear ($250k), and Miscellaneous ($160k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Nepal+$435kTelephones
Top Product Potential Nepal Norway+$460kKnit Sweaters

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

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

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