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Pricing

2022
Flag → Flag
Exports $4.54BRnk 23 / 224
2022
Flag → Flag
Top Product $457MElectricity
2022
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Exports $59.1BRnk 2 / 209
2022
Flag → Flag
Top Product $35.5BPetroleum Gas
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
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Economic Complexity (ECI) ECI 0.58Rnk 41 / 124
2022
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GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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 $45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Norway In 2022, United Kingdom exported $4.54B to Norway. The main products that United Kingdom exported to Norway are Electricity ($457M), Refined Petroleum ($236M), and Animal Food ($216M). During the last 27 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.49%, from $3.04B in 1995 to $4.54B in 2022.

In 2019, United Kingdom exported services to Norway worth $3.51B, with Other business services ($1.48B), Travel ($737M), and Financial services ($539M) being the largest in terms of value.

Norway-United Kingdom In 2022, Norway exported $59.1B to United Kingdom. The main products that Norway exported to United Kingdom were Petroleum Gas ($35.5B), Crude Petroleum ($18.3B), and Electricity ($980M). During the last 27 years the exports of Norway to United Kingdom have increased at an annualized rate of 7.79%, from $7.8B in 1995 to $59.1B in 2022.

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 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £189M and imported £2.06B from Norway, resulting in a negative trade balance of £1.87B. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-42.5M (-18.4%) from £231M to £189M, while imports decreased by £-1.59B (-43.6%) from £3.65B to £2.06B.

Trade In January 2024, the top exports of United Kingdom to Norway were Refined Petroleum (£26.7M), Gas Turbines (£24.3M), Electricity (£7.95M), Animal Food (£7.93M), and Valves (£6.66M). In January 2024 the top imports of United Kingdom from Norway were Petroleum Gas (£1.85B), Crude Petroleum (£1.26B), Special Purpose Ships (£120M), Electricity (£91.5M), and Refined Petroleum (£70.2M).

Origins In January 2024 the exports of United Kingdom were mainly from Immingham (£76.4M), Aberdeen (£31.4M), East Midlands Airport (£19.9M), London Heathrow Airport (£7.17M), and Dover Eurotunnel (£5.87M), while imports destinations were mainly Hull (£884M), Peterhead (£635M), Milford (£136M), and Immingham (£94.1M).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Norway was explained primarily by an decrease in product exports in Valves (£-8.08M or -54.8%), Rapeseed Oil (£-3.73M or -98.7%), and Cars (£-3.4M or -39.4%). In January 2024, the decrease in United Kingdom's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Petroleum Gas (£-334M or -15.3%), Platinum (£-17.7M or -61.5%), and Halogenated Hydrocarbons (£-11.2M or -95.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£-42.5M(-18.4%)
IMPORT GROWTH (January 2023 - January 2024)£-1.59B(-43.6%)
MAIN EXPORTER (January 2024)Immingham£76.4M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Norway and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $4.54B to Norway. The main products exported from United Kingdom to Norway were Electricity ($457M), Refined Petroleum ($236M), and Animal Food ($216M). During the last 27 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.49%, from $3.04B in 1995 to $4.54B in 2022.

In 2022, Norway exported $59.1B to United Kingdom. The main products exported from Norway to United Kingdom were Petroleum Gas ($35.5B), Crude Petroleum ($18.3B), and Electricity ($980M). During the last 27 years the exports of Norway to United Kingdom have increased at an annualized rate of 7.79%, from $7.8B in 1995 to $59.1B in 2022.

Exports from United Kingdom (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Norway
Top DestinationGermany$78.1B

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 2021, countries that imported more from United Kingdom than Norway were United States ($61.8B), Ireland ($32.6B), and China ($35.4B).

In 2021, countries that imported more from Norway than United Kingdom were Germany ($78.1B), Sweden ($17.7B), and Finland ($6.36B).

Difference in imports from Norway (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Norway

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Norway in the exports of Machines ($1.06B), Mineral Products ($896M), and Transportation ($529M).

During 2022, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($55.6B), Animal Products ($726M), and Metals ($693M).

Service Trade

Bilateral Service Trade

In 2019, United Kingdom exported services to Norway worth $3.51B, with Other business services ($1.48B), Travel ($737M), and Financial services ($539M) 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.

Services Exports from United Kingdom (Flag) to Norway (Flag) (2019)

Services Exports from Norway (Flag) to United Kingdom (Flag) (2009)

Economic Complexity

Competitive Landscape

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.

Product Space of United Kingdom (Flag) and Norway (Flag) (2022)

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