Indonesia (IDN) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Indonesia-Norway Trade: In 2022, Indonesia exported $301M to Norway. The main products that Indonesia exported to Norway were Nickel Mattes ($76.7M), Iron Pipes ($17.7M), and Wood Charcoal ($17.4M). Over the past 5 years the exports of Indonesia to Norway have increased at an annualized rate of 12%, from $171M in 2017 to $301M in 2022.

In 2022, Indonesia did not export any services to Norway.

Norway-Indonesia Trade: In 2022, Norway exported $262M to Indonesia. The main products that Norway exported to Indonesia were Crude Petroleum ($58.5M), Refined Petroleum ($51M), and Mixed Mineral or Chemical Fertilizers ($25.4M). Over the past 5 years the exports of Norway to Indonesia have increased at an annualized rate of 3.39%, from $214M in 2017 to $262M in 2022.

In 2022, Norway did not export any services to Indonesia.

Comparison: In 2022, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Indonesia exported $301M to Norway. The main products exported from Indonesia to Norway were Nickel Mattes ($76.7M), Iron Pipes ($17.7M), and Wood Charcoal ($17.4M). During the last 5 years the exports of Indonesia to Norway have increased at an annualized rate of 12%, from $171M in 2017 to $301M in 2022.

In 2017, Norway exported $262M to Indonesia. The main products exported from Norway to Indonesia were Crude Petroleum ($58.5M), Refined Petroleum ($51M), and Mixed Mineral or Chemical Fertilizers ($25.4M). During the last 5 years the exports of Norway to Indonesia have increased at an annualized rate of 3.39%, from $214M in 2022 to $262M in 2017.

Exports from Indonesia () to Norway () (2022)

Exports from Norway () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Norway ()

Indonesia Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$67.7B

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Indonesia than Norway included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

In 2022, countries that imported more from Norway than Indonesia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and Indonesia () (2022)

Comparative Advantage Indonesia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Indonesia had a large net trade with Norway in the exports of Metals ($105M), Machines ($52M), and Footwear and Headwear ($32.8M).

During 2017, Norway had a large net trade with Indonesia in the exports of Mineral Products ($110M), Chemical Products ($51.8M), and Machines ($33.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Norway+$20.8MNickel Mattes

Top Product Potential Norway Indonesia+$89.8MCrude Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Norway () (2022)

Exports from Norway () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Norway ()

Indonesia Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Indonesia () (2022)

Comparative Advantage Indonesia - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Norway () (2022)

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