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Pricing

2022
Flag → Flag
Exports $6.86MRnk 114 / 209
2022
Flag → Flag
Top Product $4.4MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $44.2kRnk 75 / 128
2022
Flag → Flag
Top Product $44.2kRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 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$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186

About

Norway-Benin Trade: In 2022, Norway exported $6.86M to Benin. The main products that Norway exported to Benin were Non-fillet Frozen Fish ($4.4M), Cars ($1.5M), and Delivery Trucks ($773k). Over the past 5 years the exports of Norway to Benin have increased at an annualized rate of 13.5%, from $3.65M in 2017 to $6.86M in 2022.

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

Benin-Norway Trade: In 2022, Benin exported $44.2k to Norway. The main products that Benin exported to Norway were Refined Petroleum ($44.2k). Over the past 5 years the exports of Benin to Norway have increased at an annualized rate of 2.19%,  from $39.6k in 2017 to $44.2k in 2022.

In 2022, Benin 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, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK653k and imported NOK0 from Benin, resulting in a positive trade balance of NOK653k. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-1.99M (-75.3%) from NOK2.64M to NOK653k, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In July 2024, the top exports of Norway to Benin were Road vehicles (including air-cushion vehicles) (NOK1.61M), Fish (not marine mammals), crustaceans, molluscs... (NOK264k), General industrial machinery and equipment, n.e.s.,... (NOK98k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0). In July 2024 the top imports of Norway from Benin 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 July 2024, the decrease in Norway's year-by-year exports to Benin was explained primarily by an decrease in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK-4.3M or -94.2%), Plastics in non-primary forms (NOK-192k or -100%), and Road vehicles (including air-cushion vehicles) (NOK-129k or -7.42%). In July 2024, the change in Norway's year-by-year imports  from Benin was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-1.99M(-75.3%)
IMPORT GROWTH (July 2023 - July 2024)NOK0(N/A%)

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 Benin and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $6.86M to Benin. The main products exported from Norway to Benin were Non-fillet Frozen Fish ($4.4M), Cars ($1.5M), and Delivery Trucks ($773k). During the last 5 years the exports of Norway to Benin have increased at an annualized rate of 13.5%, from $3.65M in 2017 to $6.86M in 2022.

In 2017, Benin exported $44.2k to Norway. The main products exported from Benin to Norway were Refined Petroleum ($44.2k). During the last 5 years the exports of Benin to Norway have increased at an annualized rate of 2.19%, from $39.6k in 2022 to $44.2k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Benin
Top DestinationIndia$448M

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

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

In 2022, countries that imported more from Benin than Norway included Bangladesh ($406M), Chad ($28M), and Niger ($16.9M).

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

Comparative Advantage Norway - Benin

Flow
Scale

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

During 2022, Norway had a large net trade with Benin in the exports of Animal Products ($4.4M), Transportation ($2.28M), and Mineral Products ($99.9k).

During 2017, Benin had a large net trade with Norway in the exports of Mineral Products ($44.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Benin+$500kRefined Petroleum
Top Product Potential Benin Norway+$210kRefined 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 Benin. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Norway.

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

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