Overview In December 2022, Germany exported €803M and imported €6.05B from Norway, resulting in a negative trade balance of €5.24B. Between December 2021 and December 2022 the exports of Germany have increased by €17.2M (2.18%) from €786M to €803M, while imports increased by €1.9B (45.7%) from €4.15B to €6.05B.
Trade In December 2022, the top exports of Germany to Norway were Motor cars and motor caravans (€159M), Machinery for electricity production, distribution (€63.9M), Pharmaceutical products (€55.4M), Ships and boats (€46M), and Other semi-finished products (€25.6M). In December 2022 the top imports of Germany from Norway were Petroleum oil and petroleum gases (€3.33B), Other semi-finished products (€77.6M), Mineral oil products (€48.6M), Aluminium and aluminium alloys, incl. waste,... (€43.8M), and Other prefabricated chemicals (€39.7M).
Origins In December 2022 the exports of Germany were mainly from Bavaria (€97.3M), Baden-Württemberg (€93.4M), North Rhine-Westphalia (€86.1M), Lower Saxony (€73.5M), and Schleswig-Holstein (€73.3M), while imports destinations were mainly Lower Saxony (€5.19B), North Rhine-Westphalia (€174M), Schleswig-Holstein (€163M), Bavaria (€135M), and Baden-Württemberg (€122M).
Growth In December 2022, the increase in Germany's year-by-year exports to Norway was explained primarily by an increase in product exports in Motor cars and motor caravans (€44.2M or 38.6%), Ships and boats (€41.7M or 975%), and Pharmaceutical products (€35.2M or 175%). In December 2022, the increase in Germany's year-by-year imports from Norway was explained primarily by an increase in product imports in [object Object], [object Object], and [object Object].