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2022
Flag → Flag
Exports $21.8MRnk 87 / 209
2022
Flag → Flag
Top Product $3.58MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $49.1MRnk 48 / 194
2022
Flag → Flag
Top Product $10.7MPassenger and Cargo Ships
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
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GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
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GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Norway-Sri Lanka Trade: In 2022, Norway exported $21.8M to Sri Lanka. The main products that Norway exported to Sri Lanka were Mixed Mineral or Chemical Fertilizers ($3.58M), Nitrites and Nitrates ($2.49M), and Combustion Engines ($2.14M). Over the past 5 years the exports of Norway to Sri Lanka have increased at an annualized rate of 14.5%, from $11.1M in 2017 to $21.8M in 2022.

In 2022, Norway did not export any services to Sri Lanka.

Sri Lanka-Norway Trade: In 2022, Sri Lanka exported $49.1M to Norway. The main products that Sri Lanka exported to Norway were Passenger and Cargo Ships ($10.7M), Insulated Wire ($2.35M), and Rubber Apparel ($2.05M). Over the past 5 years the exports of Sri Lanka to Norway have increased at an annualized rate of 7.67%,  from $33.9M in 2017 to $49.1M in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK4.32M and imported NOK56M from Sri Lanka, resulting in a negative trade balance of NOK51.7M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-5.25M (-54.9%) from NOK9.56M to NOK4.32M, while imports increased by NOK13M (30.1%) from NOK43M to NOK56M.

Trade In July 2024, the top exports of Norway to Sri Lanka were General industrial machinery and equipment, n.e.s.,... (NOK3.28M), Paper, paperboard and articles of paper... (NOK1.92M), Manufactures of metals, n.e.s. (NOK1.79M), Inorganic chemicals (NOK603k), and Chemical materials and products, n.e.s. (NOK584k). In July 2024 the top imports of Norway from Sri Lanka were Articles of apparel and clothing accessories (NOK21.3M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK6.96M), Rubber manufactures, n.e.s. (NOK3.96M), Miscellaneous edible products and preparations (NOK3.03M), and Miscellaneous manufactured articles, n.e.s. (NOK2.57M).

Growth In July 2024, the decrease in Norway's year-by-year exports to Sri Lanka was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-9.69M or -94.3%), Plastics in primary forms (NOK-403k or -100%), and Office machines and automatic data-processing machines (NOK-209k or -69.7%). In July 2024, the increase in Norway's year-by-year imports  from Sri Lanka was explained primarily by an increase in product imports  in Miscellaneous manufactured articles, n.e.s. (NOK2.33M or 985%), Rubber manufactures, n.e.s. (NOK1.98M or 99.9%), and Fixed vegetable fats and oils, crude,... (NOK1.52M or 652%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-5.25M(-54.9%)
IMPORT GROWTH (July 2023 - July 2024)NOK13M(30.1%)

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 Sri Lanka and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sri Lanka and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $21.8M to Sri Lanka. The main products exported from Norway to Sri Lanka were Mixed Mineral or Chemical Fertilizers ($3.58M), Nitrites and Nitrates ($2.49M), and Combustion Engines ($2.14M). During the last 5 years the exports of Norway to Sri Lanka have increased at an annualized rate of 14.5%, from $11.1M in 2017 to $21.8M in 2022.

In 2017, Sri Lanka exported $49.1M to Norway. The main products exported from Sri Lanka to Norway were Passenger and Cargo Ships ($10.7M), Insulated Wire ($2.35M), and Rubber Apparel ($2.05M). During the last 5 years the exports of Sri Lanka to Norway have increased at an annualized rate of 7.67%, from $33.9M in 2022 to $49.1M in 2017.

Exports from Norway (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Sri Lanka
Top DestinationUnited States$3.52B

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

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

In 2022, countries that imported more from Sri Lanka than Norway included Bangladesh ($225M), Iraq ($164M), and Maldives ($128M).

Difference in imports from Sri Lanka (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Sri Lanka

Flow
Scale

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

During 2022, Norway had a large net trade with Sri Lanka in the exports of Machines ($7.96M), Chemical Products ($7.5M), and Foodstuffs ($1.87M).

During 2017, Sri Lanka had a large net trade with Norway in the exports of Textiles ($14.7M), Transportation ($12.4M), and Machines ($6.12M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Sri Lanka+$345kElectrical Control Boards
Top Product Potential Sri Lanka Norway+$2.14MNon-Knit Men's Suits

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

Product Space of Norway (Flag) and Sri Lanka (Flag) (2022)

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