2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH
88.1%CURRENT US$
Rnk 21 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH
68.3%CURRENT US$
Rnk 18 / 186

About

Norway-Nepal Trade: In 2022, Norway exported $1.52M to Nepal. The main products that Norway exported to Nepal were Broadcasting Equipment ($366k), Surveying Equipment ($290k), and Rubber Pipes ($259k). Over the past 5 years the exports of Norway to Nepal have decreased at an annualized rate of 4.74%, from $1.93M in 2017 to $1.52M in 2022.

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

Nepal-Norway Trade: In 2022, Nepal exported $2.37M to Norway. The main products that Nepal exported to Norway were Knit Sweaters ($388k), Felt ($333k), and Bedspreads ($211k). Over the past 5 years the exports of Nepal to Norway have decreased at an annualized rate of 4.75%,  from $3.02M in 2017 to $2.37M in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.52M to Nepal. The main products exported from Norway to Nepal were Broadcasting Equipment ($366k), Surveying Equipment ($290k), and Rubber Pipes ($259k). During the last 5 years the exports of Norway to Nepal have decreased at an annualized rate of 4.74%, from $1.93M in 2017 to $1.52M in 2022.

In 2017, Nepal exported $2.37M to Norway. The main products exported from Nepal to Norway were Knit Sweaters ($388k), Felt ($333k), and Bedspreads ($211k). During the last 5 years the exports of Nepal to Norway have decreased at an annualized rate of 4.75%, from $3.02M in 2022 to $2.37M in 2017.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Nepal
Top Destination
India$956M

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

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

In 2022, countries that imported more from Nepal than Norway included Central African Republic ($8.88M), Bhutan ($3.99M), and Afghanistan ($112k).

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

Comparative Advantage Norway - Nepal

Flow
Scale

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

During 2022, Norway had a large net trade with Nepal in the exports of Machines ($414k), Instruments ($323k), and Plastics and Rubbers ($275k).

During 2017, Nepal had a large net trade with Norway in the exports of Textiles ($1.83M), Miscellaneous ($131k), and Footwear and Headwear ($106k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Nepal+$435kTelephones
Top Product Potential Nepal Norway+$460kKnit Sweaters

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

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

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