NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.03BRnk 32 / 220
2023
Flag → Flag
Top Product $211MDelivery Trucks
2023
Flag → Flag
Exports $1.72BRnk 15 / 205
2023
Flag → Flag
Top Product $658MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Spain-Norway Trade: In 2023, Spain exported $2.03B to Norway. The main products that Spain exported to Norway were Delivery Trucks ($211M), Cars ($158M), and Aluminium Oxide ($95M). Over the past 5 years the exports of Spain to Norway have increased at an annualized rate of 2.65%, from $1.79B in 2018 to $2.03B in 2023.

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 Trade: In 2023, Norway exported $1.72B to Spain. The main products that Norway exported to Spain were Crude Petroleum ($658M), Petroleum Gas ($166M), and Non-fillet Fresh Fish ($165M). Over the past 5 years the exports of Norway to Spain have decreased at an annualized rate of 7.09%,  from $2.48B in 2018 to $1.72B in 2023.

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 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €118M and imported €78.4M from Norway, resulting in a positive trade balance of €39.3M. Between November 2023 and November 2024 the exports of Spain have decreased by €-8.42M (-6.67%) from €126M to €118M, while imports decreased by €-6.15M (-7.27%) from €84.5M to €78.4M.

Trade In November 2024, the top exports of Spain to Norway were Delivery Trucks (€23.7M), Cars (€21.8M), Large Iron Containers (€17.2M), Special Purpose Ships (€8.83M), and Citrus (€6.29M). In November 2024 the top imports of Spain from Norway were Crude Petroleum (€112M), Semi-Finished Iron (€20M), Ferroalloys (€15.6M), Fish Fillets (€9.82M), and Non-fillet Fresh Fish (€9.67M).

Origins In November 2024 the exports of Spain were mainly from Madrid (€20.8M), Álava (€18.7M), Guipúzcoa (€12.2M), Barcelona (€11.9M), and Valencia (€7.79M), while imports destinations were mainly Madrid (€17.4M), Barcelona (€10.4M), Cantabria (Santander) (€7.6M), Vizcaya (€5.74M), and A Coruña (€4.19M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Norway was explained primarily by an decrease in product exports in Aluminium Oxide (€-13.7M or -99.7%), Iron Structures (€-6.04M or -78.1%), and Raw Plastic Sheeting (€-1.83M or -87.7%). In November 2024, the decrease in Spain's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Petroleum Gas (€-25.1M or -84.6%), Non-fillet Fresh Fish (€-8.68M or -47.3%), and Fish Oil (€-3.15M or -98.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-8.42M(-6.67%)
IMPORT GROWTH (November 2023 - November 2024)€-6.15M(-7.27%)
MAIN EXPORTER (November 2024)Madrid€20.8M

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.03B to Norway. The main products exported from Spain to Norway were Delivery Trucks ($211M), Cars ($158M), and Aluminium Oxide ($95M). During the last 5 years the exports of Spain to Norway have increased at an annualized rate of 2.65%, from $1.79B in 2018 to $2.03B in 2023.

In 2018, Norway exported $1.72B to Spain. The main products exported from Norway to Spain were Crude Petroleum ($658M), Petroleum Gas ($166M), and Non-fillet Fresh Fish ($165M). During the last 5 years the exports of Norway to Spain have decreased at an annualized rate of 7.09%, from $2.48B in 2023 to $1.72B in 2018.

Exports from Spain (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Norway
Top DestinationGermany$33.8B

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 2023, countries that imported more from Spain than Norway included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from Norway than Spain included Sweden ($15.9B), Denmark ($12.7B), and United Kingdom ($32.6B).

Difference in imports from Norway (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Norway

Flow
Scale

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

During 2023, Spain had a large net trade with Norway in the exports of Transportation ($489M), Vegetable Products ($310M), and Machines ($310M).

During 2018, Norway had a large net trade with Spain in the exports of Mineral Products ($838M), Animal Products ($254M), and Metals ($242M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Norway+$115MCars
Top Product Potential Norway Spain+$405MCrude Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Norway. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Norway (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms