Overview In October 2022, United Kingdom exported £383M and imported £2.89B from Norway, resulting in a negative trade balance of £2.51B. Between October 2021 and October 2022 the exports of United Kingdom have increased by £122M (47%) from £260M to £383M, while imports increased by £2.58B (851%) from £304M to £2.89B.
Trade In October 2022, the top exports of United Kingdom to Norway were Crude Petroleum (£51.3M), Electricity (£29.6M), Animal Food (£27.3M), Gas Turbines (£21.3M), and Cars (£19.3M). In October 2022 the top imports of United Kingdom from Norway were Petroleum Gas (£1.45B), Crude Petroleum (£1.06B), Refined Petroleum (£45.7M), Non-fillet Fresh Fish (£38.7M), and Electricity (£32M).
Origins In October 2022 the exports of United Kingdom were mainly from Immingham (£125M), Middlesbrough (£54.8M), Aberdeen (£36.2M), East Midlands Airport (£19.9M), and Inverness (£18.8M), while imports destinations were mainly Hull (£863M), Peterhead (£532M), Middlesbrough (£463M), and Immingham (£125M).
Growth In October 2022, the increase in United Kingdom's year-by-year exports to Norway was explained primarily by an increase in product exports in Cars (£4.19M or 21.6%), Computers (£3.82M or 215%), and Electrical Control Boards (£3.17M or 287%). In October 2022, the increase in United Kingdom's year-by-year imports from Norway was explained primarily by an increase in product imports in Refined Petroleum (£13.9M or 272%), Iron Ore (£10M or 8.91k%), and Trailers and semi-trailers, not mechanically propelled... (£5.18M or 177k%).