2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP
$579BCURRENT US$
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2012-2022
Flag
GDP GROWTH
13%CURRENT US$
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2022
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GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Italy-Norway In 2022, Italy exported $2.25B to Norway. The main products that Italy exported to Norway are Valves ($149M), Wine ($120M), and Packaged Medicaments ($42M). During the last 27 years the exports of Italy to Norway have increased at an annualized rate of 2.92%, from $1.04B in 1995 to $2.25B in 2022.

In 2020, Italy exported services to Norway worth $158M, with Travel ($53.7M), Other business services ($47.5M), and Transportation ($29M) being the largest in terms of value.

Norway-Italy In 2022, Norway exported $7.27B to Italy. The main products that Norway exported to Italy were Petroleum Gas ($5.78B), Non-fillet Fresh Fish ($576M), and Crude Petroleum ($278M). During the last 27 years the exports of Norway to Italy have increased at an annualized rate of 7.01%, from $1.17B in 1995 to $7.27B in 2022.

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 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $2.25B to Norway. The main products exported from Italy to Norway were Valves ($149M), Wine ($120M), and Packaged Medicaments ($42M). During the last 27 years the exports of Italy to Norway have increased at an annualized rate of 2.92%, from $1.04B in 1995 to $2.25B in 2022.

In 2022, Norway exported $7.27B to Italy. The main products exported from Norway to Italy were Petroleum Gas ($5.78B), Non-fillet Fresh Fish ($576M), and Crude Petroleum ($278M). During the last 27 years the exports of Norway to Italy have increased at an annualized rate of 7.01%, from $1.17B in 1995 to $7.27B in 2022.

Exports from Italy (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
Norway
Top Destination
Germany$78.1B

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 2021, countries that imported more from Italy than Norway were United States ($68.2B), France ($63.8B), and Spain ($32.8B).

In 2021, countries that imported more from Norway than Italy were United Kingdom ($59.1B), Sweden ($17.7B), and Finland ($6.36B).

Difference in imports from Norway (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Norway

Flow
Scale

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

During 2022, Italy had a large net trade with Norway in the exports of Machines ($758M), Foodstuffs ($276M), and Metals ($260M).

During 2022, Norway had a large net trade with Italy in the exports of Mineral Products ($6.08B), Animal Products ($629M), and Metals ($199M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Norway worth $158M, with Travel ($53.7M), Other business services ($47.5M), and Transportation ($29M) 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.

Services Exports from Italy (Flag) to Norway (Flag) (2020)

Services Exports from Norway (Flag) to Italy (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 Italy has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Italy.

Product Space of Italy (Flag) and Norway (Flag) (2022)

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