Spain (ESP) and Norway (NOR) Trade | OEC - The Observatory of Economic Complexity

About

Spain-Norway In 2021, Spain exported $1.86B to Norway. The main products that Spain exported to Norway are Cars ($259M), Aluminium Oxide ($171M), and Delivery Trucks ($169M). During the last 26 years the exports of Spain to Norway have increased at an annualized rate of 4.36%, from $614M in 1995 to $1.86B in 2021.

In 2009, Spain exported services to Norway worth $2.84B, with Services not allocated ($1.61B), Travel ($1.12B), and Transportation ($112M) being the largest in terms of value.

Norway-Spain In 2021, Norway exported $2.31B to Spain. The main products that Norway exported to Spain were Crude Petroleum ($727M), Non-fillet Fresh Fish ($569M), and Raw Aluminium ($338M). During the last 26 years the exports of Norway to Spain have increased at an annualized rate of 4.63%, from $712M in 1995 to $2.31B in 2021.

In 2009, Norway exported services to Spain worth $399M, with Transportation ($161M), Other business services ($83.9M), and Financial services ($75.6M) being the largest in terms of value.

Comparison In 2021, Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B).

Latest Trends

#

January, 2023

About

#

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%).

Latest Trade

#

Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2022 - January 2023): €51.2M, (48.7%)

IMPORT GROWTH (January 2022 - January 2023): €40.2M, (24.2%)

MAIN EXPORTER (January 2023): Alava, €22M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Norway and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Spain Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2021, Spain exported $1.86B to Norway. The main products exported from Spain to Norway were Cars ($259M), Aluminium Oxide ($171M), and Delivery Trucks ($169M). During the last 26 years the exports of Spain to Norway have increased at an annualized rate of 4.36%, from $614M in 1995 to $1.86B in 2021.

In 2021, Norway exported $2.31B to Spain. The main products exported from Norway to Spain were Crude Petroleum ($727M), Non-fillet Fresh Fish ($569M), and Raw Aluminium ($338M). During the last 26 years the exports of Norway to Spain have increased at an annualized rate of 4.63%, from $712M in 1995 to $2.31B in 2021.

Market Competitiveness

#

Color

SectionYear

Spain
Top Destination: France, $59B

Norway
Top Destination: United Kingdom, $33.5B

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

In 2021, countries that imported more from Spain than Norway were France ($59B), Portugal ($30.5B), and Italy ($30.6B).

In 2021, countries that imported more from Norway than Spain were United Kingdom ($33.5B), Sweden ($13.7B), and Denmark ($4.57B).

Comparative Advantage Spain - Norway

#

Flow

Scale

Year

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

During 2021, Spain had a large net trade with Norway in the exports of Transportation ($573M), Chemical Products ($279M), and Machines ($268M).

During 2021, Norway had a large net trade with Spain in the exports of Mineral Products ($818M), Animal Products ($654M), and Metals ($454M).

Service Trade

#

Bilateral Service Trade

#

Nor YearEsp Year

In 2009, Spain exported services to Norway worth $2.84B, with Services not allocated ($1.61B), Travel ($1.12B), and Transportation ($112M) being the largest in terms of value.

In 2009, Norway exported services to Spain worth $399M, with Transportation ($161M), Other business services ($83.9M), and Financial services ($75.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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 Spain has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Spain.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Spain - Norway

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles