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2022
Flag → Flag
Exports $1.86BRnk 34 / 218
2022
Flag → Flag
Top Product $174MCars
2022
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Exports $2.49BRnk 14 / 209
2022
Flag → Flag
Top Product $619MNon-fillet Fresh Fish
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Spain-Norway Trade: In 2022, Spain exported $1.86B 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 4.62%, from $1.49B in 2017 to $1.86B 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 $2.49B 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 decreased at an annualized rate of 3.14%,  from $2.92B in 2017 to $2.49B 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).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €104M and imported €95.9M from Norway, resulting in a positive trade balance of €8.42M. Between August 2023 and August 2024 the exports of Spain have increased by €15.2M (17%) from €89.2M to €104M, while imports increased by €28M (41.2%) from €68M to €95.9M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Madrid (€18.4M), Guipúzcoa (€13.2M), Barcelona (€9.94M), Álava (€9.46M), and Vizcaya (€6.45M), while imports destinations were mainly Vizcaya (€49M), Madrid (€18.3M), Cantabria (Santander) (€4.01M), Barcelona (€3.79M), and Asturias (€3.21M).

Growth In August 2024, the increase in Spain's year-by-year exports to Norway was explained primarily by an increase in product exports in Large Iron Containers (€17.2M or 300k%), Delivery Trucks (€15.3M or 181%), and Cars (€11.3M or 107%). In August 2024, the increase in Spain's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Crude Petroleum (€61.3M or 120%), Semi-Finished Iron (€18M or 899%), and Raw Nickel (€3.31M or 150%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€15.2M(17%)
IMPORT GROWTH (August 2023 - August 2024)€28M(41.2%)
MAIN EXPORTER (August 2024)Madrid€18.4M

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.86B 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 4.62%, from $1.49B in 2017 to $1.86B in 2022.

In 2017, Norway exported $2.49B 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 5 years the exports of Norway to Spain have decreased at an annualized rate of 3.14%, from $2.92B in 2022 to $2.49B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Norway
Top DestinationGermany$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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