United Kingdom (GBR) and Norway (NOR) Trade | OEC - The Observatory of Economic Complexity

About

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).

Latest Trends

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November, 2021

About

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Overview In November 2021 United Kingdom exported £237M and imported £493M from Norway, resulting in a negative trade balance of £256M. Between November 2020 and November 2021 the exports of United Kingdom have decreased by £-41.2M (-14.8%) from £278M to £237M, while imports increased by £262M (114%) from £231M to £493M.

Trade In November 2021, the top exports of United Kingdom to Norway were Cars (£34.6M), Valves (£16.5M), Animal Food (£6.13M), Stranded Iron Wire (£5.21M), and Aircraft Parts (£5.2M). In November 2021 the top imports of United Kingdom from Norway were Special Purpose Ships (£160M), Non-fillet Fresh Fish (£35.5M), Petroleum Gas (£32.6M), Refined Petroleum (£23.3M), and Commodities not elsewhere specified (£19M).

Origins In November 2021 the exports of United Kingdom were mainly from Immingham (£96.9M), Aberdeen (£38.5M), East Midlands Airport (£22.7M), Dover (£11.3M), and Hull (£5.99M), while imports destinations were mainly Aberdeen (£185M), Immingham (£98.8M), Middlesbrough (£36.9M), Milford (£26M), and London Heathrow Airport (£21.4M).

Growth In November 2021, the decrease in United Kingdom's year-by-year exports to Norway was explained primarily by an decrease in product exports in Refined Petroleum (£-11.9M or -96%), Cars (£-8.73M or -31%), and Telephones (£-3.66M or -50%). In November 2021, the increase in United Kingdom's year-by-year imports from Norway was explained primarily by an increase in product imports in Planes, Helicopters, and/or Spacecraft (£54.9M or 1.09k%), Platinum (£20.2M or 624%), and Gas Turbines (£9.82M or 316%).

Latest Trade

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Time Scale

Flow

Depth

Value

EXPORT GROWTH (November 2020 - November 2021): £-41.2M, (-14.8%)

IMPORT GROWTH (November 2020 - November 2021): £262M, (114%)

MAIN EXPORTER (November 2021): Immingham, £96.9M

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

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

SectionYear

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

Year

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).

Service Trade

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Bilateral Service Trade

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Nor YearGbr Year

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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Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage United Kingdom - Norway

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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