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2022
Flag → Flag
Exports $109kRnk 187 / 209
2022
Flag → Flag
Top Product $109kSawn Wood
2022
Flag → Flag
Exports $1.86kRnk 73 / 107
2022
Flag → Flag
Top Product $1.07kCereal Flours
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$2.55BCURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP GROWTH3.06%CURRENT US$
Rnk 158 / 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$1,107CURRENT US$
Rnk 164 / 186
2012-2022
Flag
GDP PC GROWTH-8.17%CURRENT US$
Rnk 160 / 186

About

Norway-Lesotho Trade: In 2022, Norway exported $109k to Lesotho. The main products that Norway exported to Lesotho were Sawn Wood ($109k). Over the past 6 years the exports of Norway to Lesotho have increased at an annualized rate of 65%, from $5.4k in 2016 to $109k in 2022.

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

Lesotho-Norway Trade: In 2022, Lesotho exported $1.86k to Norway. The main products that Lesotho exported to Norway were Cereal Flours ($1.07k), Cereal Meal and Pellets ($778), and Knit Socks and Hosiery ($9). Over the past 6 years the exports of Lesotho to Norway have increased at an annualized rate of 21.2%,  from $711 in 2016 to $1.86k in 2022.

In 2022, Lesotho 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, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK0 and imported NOK0 from Lesotho, resulting in a remained the same trade balance of NOK0. Between July 2023 and July 2024 the exports of Norway have remained the same by NOK0 (N/A%) from NOK0 to NOK0, while imports remained the same by NOK0 (N/A%) from NOK0 to NOK0.

Trade In July 2024, the top exports of Norway to Lesotho 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). In July 2024 the top imports of Norway from Lesotho were Cereals and cereal preparations (NOK3k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In July 2024, the change in Norway's year-by-year exports to Lesotho was explained primarily by an decrease in product exports in . In July 2024, the change in Norway's year-by-year imports  from Lesotho was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK0(N/A%)
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 Lesotho and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Lesotho and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $109k to Lesotho. The main products exported from Norway to Lesotho were Sawn Wood ($109k). During the last 6 years the exports of Norway to Lesotho have increased at an annualized rate of 65%, from $5.4k in 2016 to $109k in 2022.

In 2017, Lesotho exported $1.86k to Norway. The main products exported from Lesotho to Norway were Cereal Flours ($1.07k), Cereal Meal and Pellets ($778), and Knit Socks and Hosiery ($9). During the last 5 years the exports of Lesotho to Norway have increased at an annualized rate of 21.2%, from $711 in 2022 to $1.86k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Lesotho
Top DestinationSouth Africa$434M

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

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

In 2022, countries that imported more from Lesotho than Norway included South Africa ($434M), Eswatini ($11.3M), and Botswana ($3.11M).

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

Comparative Advantage Norway - Lesotho

Flow
Scale

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

During 2022, Norway had a large net trade with Lesotho in the exports of Wood Products ($109k).

During 2017, Lesotho had a large net trade with Norway in the exports of Vegetable Products ($1.85k) and Textiles ($9).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Lesotho+$24.3kSawn Wood
Top Product Potential Lesotho Norway+$2.71kNon-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 Lesotho. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Lesotho. Similarly, a dot/product with the flag of Lesotho indicates it has a comparative advantage over Norway.

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

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