Norway (NOR) and Sri Lanka (LKA) Trade | The Observatory of Economic Complexity

About

Norway-Sri Lanka In 2022, Norway exported $21.8M to Sri Lanka. The main products that Norway exported to Sri Lanka are Mixed Mineral or Chemical Fertilizers ($3.58M), Nitrites and Nitrates ($2.49M), and Combustion Engines ($2.14M). During the last 27 years the exports of Norway to Sri Lanka have increased at an annualized rate of 7.72%, from $2.93M in 1995 to $21.8M in 2022.

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

Sri Lanka-Norway 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). During the last 27 years the exports of Sri Lanka to Norway have increased at an annualized rate of 5.48%, from $11.6M in 1995 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

March, 2024

About

Overview In March 2024, Norway exported NOK17.3M and imported NOK46.4M from Sri Lanka, resulting in a negative trade balance of NOK29.1M. Between March 2023 and March 2024 the exports of Norway have decreased by NOK-7.96M (-31.5%) from NOK25.2M to NOK17.3M, while imports increased by NOK1.16M (2.56%) from NOK45.2M to NOK46.4M.

Trade In March 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 March 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 March 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 March 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK-7.96M(-31.5%)

IMPORT GROWTH (March 2023 - March 2024)NOK1.16M(2.56%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Norway to Sri Lanka have increased at an annualized rate of 7.72%, from $2.93M in 1995 to $21.8M in 2022.

In 2022, 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 27 years the exports of Sri Lanka to Norway have increased at an annualized rate of 5.48%, from $11.6M in 1995 to $49.1M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Norway than Sri Lanka were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Sri Lanka than Norway were Bangladesh ($225M), Iraq ($164M), and Maldives ($128M).

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

Comparative Advantage Norway - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Sri Lanka had a large net trade with Norway in the exports of Textiles ($14.7M), Transportation ($12.4M), and Machines ($6.12M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Sri Lanka. Similarly, the more yellow a dot/product is, the more Sri Lanka has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Norway - Sri Lanka

Economic Complexity

Competitive Landscape

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

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