Overview: In January 2021 China exported $356M and imported $787M from Norway, resulting in a negative trade balance of $430M. Between January 2020 and January 2021 the exports of China have increased by $8.86M (2.55%) from $348M to $356M, while imports decreased by $-145M (-15.6%) from $932M to $787M.
Trade: In January 2021, the top exports of China to Norway were Passenger and Cargo Ships ($59.3M), Cars ($43.2M), Light Fixtures ($10.7M), Iron Structures ($9.59M), and Seats ($9.11M). In January 2021 the top imports of China from Norway were Crude Petroleum ($512M), Carboxyamide Compounds ($62.4M), Insulated Wire ($37.2M), Non-fillet Frozen Fish ($32.7M), and Raw Nickel ($30.2M).
Origins: In January 2021 the exports of China were mainly from Shanghai Province ($83.5M), Zhejiang Province ($62.5M), Guangdong Province ($50.8M), Jiangsu Province ($42.7M), and Shandong Province ($28.5M), while imports destinations were mainly Shandong Province ($396M), Liaoning Province ($118M), Shanghai Province ($99.4M), Henan Province ($48.6M), and Tianjin ($41.6M).
Growth: In January 2021, the increase in China's year-by-year exports to Norway was explained primarily by an increase in product exports in Cars ($34.2M or 384%), Iron Structures ($6.79M or 243%), and Other Cloth Articles ($4.59M or 230%). In January 2021, the decrease in China's year-by-year imports from Norway was explained primarily by an decrease in product imports in Crude Petroleum ($-185M or -26.6%), Mixed Mineral or Chemical Fertilizers ($-22.3M or -95.8%), and Non-fillet Fresh Fish ($-15.3M or -58%).