Nepal (NPL) and Norway (NOR) Trade | The Observatory of Economic Complexity

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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.

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.

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $2.85M in 2023.

In 2018, 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 2023 to $702k in 2018.

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

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

Latest Data

Trade between Nepal () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Norway
Top DestinationGermany$33.8B

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

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

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

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

Comparative Advantage Nepal - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Norway in the exports of Textiles ($2.21M), Footwear and Headwear ($250k), and Miscellaneous ($160k).

During 2018, Norway had a large net trade with Nepal in the exports of Machines ($420k), Animal Products ($103k), and Transportation ($53.8k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Norway+$460kKnit Sweaters

Top Product Potential Norway Nepal+$435kTelephones

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

Year

This visualization shows the product space at the HS4 level with the flags of Nepal and Norway. This means that a dot/product with the flag of Nepal indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Nepal.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Nepal () and Norway ()

Norway Exports

Market Competitiveness

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

Comparative Advantage Nepal - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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