2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Mexico-Norway Trade: In 2022, Mexico exported $583M to Norway. The main products that Mexico exported to Norway were Cars ($250M), Fish oil ($43.2M), and Iron Pipes ($35.5M). Over the past 5 years the exports of Mexico to Norway have increased at an annualized rate of 20.8%, from $226M in 2017 to $583M in 2022.

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

Norway-Mexico Trade: In 2022, Norway exported $76.1M to Mexico. The main products that Norway exported to Mexico were Fish: dried, salted, smoked or in brine ($14.3M), Raw Nickel ($10.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.87M). Over the past 5 years the exports of Norway to Mexico have decreased at an annualized rate of 11.2%,  from $138M in 2017 to $76.1M in 2022.

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

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Latest Data

Trade between Mexico (Flag) and Norway (Flag)

Mexico Exports

Norway Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Mexico than Norway included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Norway+$131MCars
Top Product Potential Norway Mexico+$12.6MMotor vehicles; parts and accessories (8701 to 8705)

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 Mexico and Norway. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Mexico.

Product Space of Mexico (Flag) and Norway (Flag) (NaN)

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