Flag Italy / Norway Flag

2019
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Exports
: $2.27B, Rnk 41 / 224

2019
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Top Product
: $178M, Valves

2019
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Exports
: $1.91B, Rnk 12 / 208

2019
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Top Product
: $487M, Petroleum Gas

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
Flag
GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

Italy-Norway In 2019, Italy exported $2.27B to Norway. The main products that Italy exported to Norway are Valves ($178M), Planes, Helicopters, and/or Spacecraft ($119M), and Wine ($111M). During the last 24 years the exports of Italy to Norway have increased at an annualized rate of 3.35%, from $1.03B in 1995 to $2.27B in 2019.

In 2018, Italy exported services to Norway worth $451M, with Travel ($309M), Transportation ($56.5M), and Other business services ($51.6M) being the largest in terms of value.

Norway-Italy In 2019, Norway exported $1.91B to Italy . The main products that Norway exported to Italy were Petroleum Gas ($487M), Non-fillet Fresh Fish ($424M), and Crude Petroleum ($364M). During the last 24 years the exports of Norway to Italy have increased at an annualized rate of 2.47%, from $1.06B in 1995 to $1.91B in 2019.

In 2009, Norway exported services to Italy worth $480M, with Other business services ($157M), Transportation ($157M), and Financial services ($72.4M) being the largest in terms of value.

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $2.27B to Norway. The main products exported from Italy to Norway were Valves ($178M), Planes, Helicopters, and/or Spacecraft ($119M), and Wine ($111M). During the last 24 years the exports of Italy to Norway have increased at an annualized rate of 3.35%, from $1.03B in 1995 to $2.27B in 2019.

In 2019, Norway exported $1.91B to Italy. The main products exported from Norway to Italy were Petroleum Gas ($487M), Non-fillet Fresh Fish ($424M), and Crude Petroleum ($364M). During the last 24 years the exports of Norway to Italy have increased at an annualized rate of 2.47%, from $1.06B in 1995 to $1.91B in 2019.

Norway Exports

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Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Norway
Top Destination
: United Kingdom, $20B

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

In 2019, countries that imported more from Italy than Norway were Germany ($64.5B), France ($54.9B), and United States ($51.8B).

In 2019, countries that imported more from Norway than Italy were Sweden ($10.1B), Denmark ($4.43B), and Iceland ($713M).

Comparative Advantage Italy - Norway

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Depth

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

During 2019, Italy had a large net trade with Norway in the exports of Machines ($826M), Transportation ($276M), and Metals ($271M).

During 2019, Norway had a large net trade with Italy in the exports of Mineral Products ($876M), Animal Products ($525M), and Metals ($197M).

Tariff Section

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This section shows import tariffs for products traded between Italy and Norway (using the HS6 product classification and the last year reported).

In 2017, the products from Italy that paid the highest import tariffs to enter Norway were Sugar beet (178%) and Whey (173%).

In 2018, the products from Norway that paid the highest import tariffs to enter Italy were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

*The tariffs present between Italy and Norway are:
136: Most Favoured Nation duty rate treatement
281: Preferential tariff for Norway

Bilateral Service Trade

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In 2018, Italy exported services to Norway worth $451M, with Travel ($309M), Transportation ($56.5M), and Other business services ($51.6M) being the largest in terms of value.

In 2009, Norway exported services to Italy worth $480M, with Other business services ($157M), Transportation ($157M), and Financial services ($72.4M) 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 red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Norway. Similarly, the more red a dot/product is, the more Norway has comparative advantage over Italy.