Flag United Kingdom / Norway Flag

2020
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Exports
: $5.18B, Rnk 19 / 221

2020
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Top Product
: $730M, Light-vessels, fire-floats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms

2020
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Exports
: $14B, Rnk 1 / 197

2020
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Top Product
: $6.93B, Petroleum oils and oils obtained from bituminous minerals; crude

2020
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Economic Complexity (ECI)
: ECI 1.42, Rnk 13 / 127

2020
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Economic Complexity (ECI)
: ECI 0.71, Rnk 36 / 127

2020
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GDP
: $2.76T, CURRENT US$
Rnk 5 / 195

2010-2020
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GDP GROWTH
: 10.8%, CURRENT US$
Rnk 136 / 195

2020
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 GDP
: $362B, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP GROWTH
: -15.5%, CURRENT US$
Rnk 182 / 195

2020
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GDP PC 
: $41,059, CURRENT US$
Rnk 24 / 195

2010-2020
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GDP PC GROWTH
: 3.45%, CURRENT US$
Rnk 124 / 195

2020
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GDP PC
: $67,330, CURRENT US$
Rnk 7 / 195

2010-2020
Flag
GDP PC GROWTH
: -23.2%, CURRENT US$
Rnk 176 / 195

United Kingdom-Norway In 2020, United Kingdom exported $5.18B to Norway. The main products that United Kingdom exported to Norway are Light-vessels, fire-floats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms ($730M), Aircraft n.e.c. in heading no. 8801 (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles ($397M), and Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars ($274M). During the last 25 years the exports of United Kingdom to Norway have increased at an annualized rate of 2.15%, from $3.04B in 1995 to $5.18B in 2020.

In 2019, United Kingdom exported services to Norway worth $4.01B, with Other business services ($1.69B), Travel ($841M), and Financial services ($615M) being the largest in terms of value.

Norway-United Kingdom In 2020, Norway exported $14B to United Kingdom . The main products that Norway exported to United Kingdom were Petroleum oils and oils obtained from bituminous minerals; crude ($6.93B), Petroleum gases and other gaseous hydrocarbons ($3.46B), and Platinum; unwrought or in semi-manufactured forms, or in powder form ($420M). During the last 25 years the exports of Norway to United Kingdom have increased at an annualized rate of 2.46%, from $7.63B in 1995 to $14B in 2020.

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 2020,  United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.42), and 11 in total exports ($371B). That same year, Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, United Kingdom exported $5.18B to Norway. The main products exported from United Kingdom to Norway were Light-vessels, fire-floats, dredgers, floating cranes, other vessels; the navigability of which is subsidiary to main function; floating docks, floating, submersible drilling, production platforms ($730M), Aircraft n.e.c. in heading no. 8801 (e.g. helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles ($397M), and Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars ($274M). During the last 25 years the exports of United Kingdom to Norway have increased at an annualized rate of 2.15%, from $3.04B in 1995 to $5.18B in 2020.

In 2020, Norway exported $14B to United Kingdom. The main products exported from Norway to United Kingdom were Petroleum oils and oils obtained from bituminous minerals; crude ($6.93B), Petroleum gases and other gaseous hydrocarbons ($3.46B), and Platinum; unwrought or in semi-manufactured forms, or in powder form ($420M). During the last 25 years the exports of Norway to United Kingdom have increased at an annualized rate of 2.46%, from $7.63B in 1995 to $14B in 2020.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $51.7B

Norway
Top Destination
: United Kingdom, $14B

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 ($51.7B), Germany ($39.9B), and Ireland ($26.8B).

In 2019, countries that imported more from Norway than United Kingdom were Sweden ($9.1B), Iceland ($490M), and Gambia ($71M).

Comparative Advantage United Kingdom - Norway

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Flow

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

During 2020, United Kingdom had a large net trade with Norway in the exports of Transportation ($1.62B), Machines ($1.44B), and Metals ($451M).

During 2020, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($10.8B), Animal Products ($582M), and Machines ($567M).

Bilateral Service Trade

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In 2019, United Kingdom exported services to Norway worth $4.01B, with Other business services ($1.69B), Travel ($841M), and Financial services ($615M) 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 yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over United Kingdom.