2023
Flag  
GDP
$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH
2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC 
$23,401CURRENT US$
Rnk 53 / 195
2013-2023
Flag
GDP PC GROWTH
8.47%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Greece-Norway Trade: In 2023, Greece exported $184M to Norway. The main products that Greece exported to Norway were Other Small Iron Pipes ($46.5M), Passenger and Cargo Ships ($19.6M), and Packaged Medicaments ($13.8M). Over the past 5 years the exports of Greece to Norway have increased at an annualized rate of 12.5%, from $102M in 2018 to $184M in 2023.

In 2020, Greece exported services to Norway worth $63.6M, with Transportation ($32.7M), Other business services ($12.4M), and Travel ($10.5M) being the largest in terms of value.

Norway-Greece Trade: In 2023, Norway exported $594M to Greece. The main products that Norway exported to Greece were Crude Petroleum ($359M), Petroleum Gas ($62.4M), and Non-fillet Fresh Fish ($44.7M). Over the past 5 years the exports of Norway to Greece have increased at an annualized rate of 34.9%,  from $133M in 2018 to $594M in 2023.

In 2008, Norway exported services to Greece worth $368M, with Services not allocated ($184M), Transportation ($87.3M), and Other business services ($49.6M) being the largest in terms of value.

Comparison: In 2023,  Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Greece exported $184M to Norway. The main products exported from Greece to Norway were Other Small Iron Pipes ($46.5M), Passenger and Cargo Ships ($19.6M), and Packaged Medicaments ($13.8M). During the last 5 years the exports of Greece to Norway have increased at an annualized rate of 12.5%, from $102M in 2018 to $184M in 2023.

In 2018, Norway exported $594M to Greece. The main products exported from Norway to Greece were Crude Petroleum ($359M), Petroleum Gas ($62.4M), and Non-fillet Fresh Fish ($44.7M). During the last 5 years the exports of Norway to Greece have increased at an annualized rate of 34.9%, from $133M in 2023 to $594M in 2018.

Exports from Greece (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Greece (Flag) (2023)

Latest Data

Trade between Greece (Flag) and Norway (Flag)

Greece Exports

Norway Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$6.21B
Norway
Top Destination
Germany$33.8B

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

In 2023, countries that imported more from Greece than Norway included Cyprus ($3.03B), Bulgaria ($2.38B), and Lebanon ($1.78B).

In 2023, countries that imported more from Norway than Greece included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

Difference in imports from Norway (Flag) and Greece (Flag) (2023)

Comparative Advantage Greece - Norway

Flow
Scale

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

During 2023, Greece had a large net trade with Norway in the exports of Metals ($58.9M), Transportation ($21.8M), and Chemical Products ($21.8M).

During 2018, Norway had a large net trade with Greece in the exports of Mineral Products ($422M), Animal Products ($60.8M), and Chemical Products ($37.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Norway+$29.9MRefined Petroleum
Top Product Potential Norway Greece+$221MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Greece and Norway. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Greece.

Product Space of Greece (Flag) and Norway (Flag) (2023)

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