Overview In January 2023, Spain exported €156M and imported €206M from Norway, resulting in a negative trade balance of €50.2M. Between January 2022 and January 2023 the exports of Spain have increased by €51.2M (48.7%) from €105M to €156M, while imports increased by €40.2M (24.2%) from €166M to €206M.
Trade In January 2023, the top exports of Spain to Norway were Aluminium Oxide (€13.8M), Cars (€10.6M), Delivery Trucks (€8.09M), Iron Structures (€7.73M), and Citrus (€5.62M). In January 2023 the top imports of Spain from Norway were Crude Petroleum (€50.9M), Petroleum Gas (€29.7M), Non-fillet Fresh Fish (€18.3M), Ferroalloys (€15.6M), and Fish Fillets (€9.4M).
Origins In January 2023 the exports of Spain were mainly from Alava (€22M), Asturias (€20.6M), Pontevedra (€12M), Barcelona (€11.3M), and Valencia (€11.1M), while imports destinations were mainly Vizcaya (€115M), Madrid (€20.9M), La Coruña (€20.8M), Zaragoza (€9.39M), and Alava (€5.62M).
Growth In January 2023, the increase in Spain's year-by-year exports to Norway was explained primarily by an increase in product exports in Iron Structures (€7.51M or 3.46k%), Aluminium Oxide (€3.14M or 29.5%), and Raw Plastic Sheeting (€1.88M or 893%). In January 2023, the increase in Spain's year-by-year imports from Norway was explained primarily by an increase in product imports in Petroleum Gas (€27.3M or 1.16k%), Ferroalloys (€10.9M or 229%), and Non-fillet Fresh Fish (€5.33M or 41%).