2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Austria-Norway Trade: In 2022, Austria exported $691M to Norway. The main products that Austria exported to Norway were Vaccines, blood, antisera, toxins and cultures ($31.5M), Other Small Iron Pipes ($26.5M), and Delivery Trucks ($25.5M). Over the past 5 years the exports of Austria to Norway have increased at an annualized rate of 3.87%, from $572M in 2017 to $691M in 2022.

In 2020, Austria exported services to Norway worth $242M, with Transportation ($62.8M), Other business services ($58.3M), and Computer and information services ($46.8M) being the largest in terms of value.

Norway-Austria Trade: In 2022, Norway exported $374M to Austria. The main products that Norway exported to Austria were Raw Aluminium ($264M), Other Uncoated Paper ($14.9M), and Non-fillet Fresh Fish ($8.53M). Over the past 5 years the exports of Norway to Austria have increased at an annualized rate of 2.46%,  from $331M in 2017 to $374M in 2022.

In 2009, Norway exported services to Austria worth $229M, with Computer and information services ($91.6M), Travel ($60.9M), and Other business services ($40M) being the largest in terms of value.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Austria exported $691M to Norway. The main products exported from Austria to Norway were Vaccines, blood, antisera, toxins and cultures ($31.5M), Other Small Iron Pipes ($26.5M), and Delivery Trucks ($25.5M). During the last 5 years the exports of Austria to Norway have increased at an annualized rate of 3.87%, from $572M in 2017 to $691M in 2022.

In 2017, Norway exported $374M to Austria. The main products exported from Norway to Austria were Raw Aluminium ($264M), Other Uncoated Paper ($14.9M), and Non-fillet Fresh Fish ($8.53M). During the last 5 years the exports of Norway to Austria have increased at an annualized rate of 2.46%, from $331M in 2022 to $374M in 2017.

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

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

Latest Data

Trade between Austria (Flag) and Norway (Flag)

Austria Exports

Norway Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Austria than Norway included Switzerland ($11.2B), Hungary ($10.4B), and United States ($14.4B).

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

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

Comparative Advantage Austria - Norway

Flow
Scale

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

During 2022, Austria had a large net trade with Norway in the exports of Machines ($215M), Metals ($130M), and Transportation ($97.5M).

During 2017, Norway had a large net trade with Austria in the exports of Metals ($283M), Machines ($20.4M), and Paper Goods ($18.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Norway+$34.3MCars
Top Product Potential Norway Austria+$5.11MNon-fillet Fresh Fish

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

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

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