2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Spain-Norway Trade: In 2022, Spain exported $1.49B to Norway. The main products that Spain exported to Norway were Cars ($174M), Delivery Trucks ($167M), and Aluminium Oxide ($152M). Over the past 5 years the exports of Spain to Norway have increased at an annualized rate of 19%, from $623M in 2017 to $1.49B in 2022.

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 2022, Norway exported $2.92B to Spain. The main products that Norway exported to Spain were Non-fillet Fresh Fish ($619M), Crude Petroleum ($485M), and Raw Aluminium ($362M). Over the past 5 years the exports of Norway to Spain have increased at an annualized rate of 31.9%,  from $730M in 2017 to $2.92B in 2022.

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 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.49B to Norway. The main products exported from Spain to Norway were Cars ($174M), Delivery Trucks ($167M), and Aluminium Oxide ($152M). During the last 5 years the exports of Spain to Norway have increased at an annualized rate of 19%, from $623M in 2017 to $1.49B in 2022.

In 2017, Norway exported $2.92B to Spain. The main products exported from Norway to Spain were Non-fillet Fresh Fish ($619M), Crude Petroleum ($485M), and Raw Aluminium ($362M). During the last 22 years the exports of Norway to Spain have increased at an annualized rate of 31.9%, from $730M in 1995 to $2.92B in 2017.

Exports from Spain (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Norway
Top Destination
Germany$78.1B

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 2022, countries that imported more from Spain than Norway included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Norway than Spain included Germany ($78.1B), United Kingdom ($59.1B), and Sweden ($17.7B).

Difference in imports from Norway (Flag) and Spain (Flag) (2022)

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 2022, Spain had a large net trade with Norway in the exports of Transportation ($485M), Chemical Products ($403M), and Machines ($219M).

During 2017, Norway had a large net trade with Spain in the exports of Animal Products ($760M), Mineral Products ($712M), and Metals ($593M).

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.

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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) (2022)

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