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2022
Flag → Flag
Exports $79.8MRnk 64 / 209
2022
Flag → Flag
Top Product $27.9MRefined Petroleum
2022
Flag → Flag
Exports $98.1MRnk 14 / 160
2022
Flag → Flag
Top Product $96.2MTitanium Ore
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Norway-Senegal Trade: In 2022, Norway exported $79.8M to Senegal. The main products that Norway exported to Senegal were Refined Petroleum ($27.9M), Petroleum Gas ($15.9M), and Insulated Wire ($14.3M). Over the past 5 years the exports of Norway to Senegal have increased at an annualized rate of 70.9%, from $5.48M in 2017 to $79.8M in 2022.

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

Senegal-Norway Trade: In 2022, Senegal exported $98.1M to Norway. The main products that Senegal exported to Norway were Titanium Ore ($96.2M), Tomatoes ($489k), and Excavation Machinery ($466k). Over the past 5 years the exports of Senegal to Norway have increased at an annualized rate of 16.2%,  from $46.3M in 2017 to $98.1M in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Norway exported NOK20.5M and imported NOK107M from Senegal, resulting in a negative trade balance of NOK86.1M. Between August 2023 and August 2024 the exports of Norway have increased by NOK6.6M (47.5%) from NOK13.9M to NOK20.5M, while imports decreased by NOK-16.8M (-13.6%) from NOK123M to NOK107M.

Trade In August 2024, the top exports of Norway to Senegal were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK226M), Manufactures of metals, n.e.s. (NOK22.2M), Other transport equipment (NOK7.6M), Inorganic chemicals (NOK2.1M), and Road vehicles (including air-cushion vehicles) (NOK1.41M). In August 2024 the top imports of Norway from Senegal were Metalliferous ores and metal scrap (NOK108M), Vegetables and fruit (NOK1.75M), Miscellaneous manufactured articles, n.e.s. (NOK13k), Machinery specialized for particular industries (NOK12k), and Professional, scientific and controlling instruments and... (NOK8k).

Growth In August 2024, the increase in Norway's year-by-year exports to Senegal was explained primarily by an increase in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK226M or 1.41M%), Other transport equipment (NOK7.59M or 190k%), and Inorganic chemicals (NOK692k or 49.3%). In August 2024, the decrease in Norway's year-by-year imports  from Senegal was explained primarily by an decrease in product imports  in Vegetables and fruit (NOK-154k or -8.08%) and Furniture, and parts thereof; bedding, mattresses,... (NOK-2k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)NOK6.6M(47.5%)
IMPORT GROWTH (August 2023 - August 2024)NOK-16.8M(-13.6%)

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 Senegal and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Senegal and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $79.8M to Senegal. The main products exported from Norway to Senegal were Refined Petroleum ($27.9M), Petroleum Gas ($15.9M), and Insulated Wire ($14.3M). During the last 5 years the exports of Norway to Senegal have increased at an annualized rate of 70.9%, from $5.48M in 2017 to $79.8M in 2022.

In 2017, Senegal exported $98.1M to Norway. The main products exported from Senegal to Norway were Titanium Ore ($96.2M), Tomatoes ($489k), and Excavation Machinery ($466k). During the last 5 years the exports of Senegal to Norway have increased at an annualized rate of 16.2%, from $46.3M in 2022 to $98.1M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Senegal
Top DestinationMali$1.13B

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

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

In 2022, countries that imported more from Senegal than Norway included Mali ($1.13B), Guinea ($182M), and Gambia ($177M).

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

Comparative Advantage Norway - Senegal

Flow
Scale

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

During 2022, Norway had a large net trade with Senegal in the exports of Mineral Products ($43.8M), Machines ($18.7M), and Metals ($14.8M).

During 2017, Senegal had a large net trade with Norway in the exports of Mineral Products ($96.2M), Vegetable Products ($1.08M), and Machines ($553k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Senegal+$13.5MPetroleum Gas
Top Product Potential Senegal Norway+$287kExcavation Machinery

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

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

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