Flag United Kingdom / Norway Flag

2019
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Exports
: $4.56B, Rnk 22 / 221

2019
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Top Product
: $408M, Crude Petroleum

2019
FlagFlag
Exports
: $20B, Rnk 1 / 208

2019
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Top Product
: $10.8B, Crude Petroleum

2019
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Economic Complexity (ECI)
: ECI 1.46, Rnk 13 / 146

2019
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Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

2019
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GDP
: $2.83T, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP GROWTH
: 17.3%, CURRENT US$
Rnk 152 / 187

2019
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 GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
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GDP PC 
: $42,330, CURRENT US$
Rnk 23 / 187

2009-2019
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GDP PC GROWTH
: 9.34%, CURRENT US$
Rnk 143 / 187

2019
Flag
GDP PC
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
Flag
GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

United Kingdom-Norway: In 2019, United Kingdom exported $4.56B to Norway. The main products that United Kingdom exported to Norway are Crude Petroleum ($408M), Cars ($360M), and Planes, Helicopters, and/or Spacecraft ($290M). During the last 24 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.76%, from $3B in 1995 to $4.56B in 2019.

In 2016, United Kingdom exported services to Norway worth $863M, with Travel ($663M), Transportation ($190M), and Government services, n.i.e. ($9.41M) being the largest in terms of value.

Norway-United Kingdom: In 2019, Norway exported $20B to United Kingdom . The main products that Norway exported to United Kingdom were Crude Petroleum ($10.8B), Petroleum Gas ($5.33B), and Refined Petroleum ($574M). During the last 24 years the exports of Norway to United Kingdom have increased at an annualized rate of 4.04%, from $7.73B in 1995 to $20B in 2019.

In 2009, Norway exported services to United Kingdom worth $7.2B, with Transportation ($4.13B), Other business services ($1.75B), and Computer and information services ($374M) being the largest in terms of value.

Comparison: In 2019,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.46), and 10 in total exports ($446B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2019, United Kingdom exported $4.56B to Norway. The main products exported from United Kingdom to Norway were Crude Petroleum ($408M), Cars ($360M), and Planes, Helicopters, and/or Spacecraft ($290M). During the last 24 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.76%, from $3B in 1995 to $4.56B in 2019.

In 2019, Norway exported $20B to United Kingdom. The main products exported from Norway to United Kingdom were Crude Petroleum ($10.8B), Petroleum Gas ($5.33B), and Refined Petroleum ($574M). During the last 24 years the exports of Norway to United Kingdom have increased at an annualized rate of 4.04%, from $7.73B in 1995 to $20B in 2019.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $64.7B

Norway
Top Destination
: United Kingdom, $20B

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

In 2019, countries that imported more from United Kingdom than Norway were United States ($64.7B), Germany ($44.3B), and Ireland ($26.9B).

In 2019, countries that imported more from Norway than United Kingdom were Sweden ($10.1B), Denmark ($4.43B), and Iceland ($713M).

Comparative Advantage United Kingdom - Norway

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Depth

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

During 2019, United Kingdom had a large net trade with Norway in the exports of Machines ($1.25B), Transportation ($957M), and Mineral Products ($530M).

During 2019, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($16.9B), Machines ($585M), and Metals ($579M).

Bilateral Service Trade

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In 2016, United Kingdom exported services to Norway worth $863M, with Travel ($663M), Transportation ($190M), and Government services, n.i.e. ($9.41M) being the largest in terms of value.

In 2009, Norway exported services to United Kingdom worth $7.2B, with Transportation ($4.13B), Other business services ($1.75B), and Computer and information services ($374M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Norway. Similarly, the more red a dot/product is, the more Norway has comparative advantage over United Kingdom.