Norway (NOR) and Austria (AUT) Trade | The Observatory of Economic Complexity

About

Norway-Austria In 2022, Norway exported $374M to Austria. The main products that Norway exported to Austria are Raw Aluminium ($264M), Other Uncoated Paper ($14.9M), and Non-fillet Fresh Fish ($8.53M). During the last 27 years the exports of Norway to Austria have increased at an annualized rate of 2.34%, from $200M in 1995 to $374M in 2022.

In 2009, Norway exported services to Austria worth $229M, with Computer and information services ($91.6M), Travel ($60.9M), and Other business services ($40M) being the largest in terms of value.

Austria-Norway In 2022, Austria exported $691M to Norway. The main products that Austria exported to Norway were Vaccines, blood, antisera, toxins and cultures ($31.5M), Other Small Iron Pipes ($26.5M), and Delivery Trucks ($25.5M). During the last 27 years the exports of Austria to Norway have increased at an annualized rate of 2.7%, from $337M in 1995 to $691M in 2022.

In 2020, Austria exported services to Norway worth $242M, with Transportation ($62.8M), Other business services ($58.3M), and Computer and information services ($46.8M) being the largest in terms of value.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK344M and imported NOK536M from Austria, resulting in a negative trade balance of NOK192M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-106M (-23.5%) from NOK450M to NOK344M, while imports decreased by NOK-108M (-16.8%) from NOK644M to NOK536M.

Trade In February 2024, the top exports of Norway to Austria were Non-ferrous metals (NOK78.6M), Paper, paperboard and articles of paper... (NOK23.5M), Medicinal and pharmaceutical products (NOK15.9M), Fish (not marine mammals), crustaceans, molluscs... (NOK10.9M), and Plastics in primary forms (NOK10.4M). In February 2024 the top imports of Norway from Austria were Medicinal and pharmaceutical products (NOK73.4M), Road vehicles (including air-cushion vehicles) (NOK62.2M), Machinery specialized for particular industries (NOK53.3M), General industrial machinery and equipment, n.e.s.,... (NOK50.3M), and Manufactures of metals, n.e.s. (NOK36M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Austria was explained primarily by an decrease in product exports in Non-ferrous metals (NOK-167M or -68%), Furniture, and parts thereof; bedding, mattresses,... (NOK-3.2M or -77.9%), and Office machines and automatic data-processing machines (NOK-1.91M or -66.4%). In February 2024, the decrease in Norway's year-by-year imports from Austria was explained primarily by an decrease in product imports in Other transport equipment (NOK-35.5M or -77.2%), Iron and steel (NOK-33.9M or -80.5%), and Power-generating machinery and equipment (NOK-27.4M or -75.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-106M(-23.5%)

IMPORT GROWTH (February 2023 - February 2024)NOK-108M(-16.8%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Austria and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $374M to Austria. The main products exported from Norway to Austria were Raw Aluminium ($264M), Other Uncoated Paper ($14.9M), and Non-fillet Fresh Fish ($8.53M). During the last 27 years the exports of Norway to Austria have increased at an annualized rate of 2.34%, from $200M in 1995 to $374M in 2022.

In 2022, Austria exported $691M to Norway. The main products exported from Austria to Norway were Vaccines, blood, antisera, toxins and cultures ($31.5M), Other Small Iron Pipes ($26.5M), and Delivery Trucks ($25.5M). During the last 27 years the exports of Austria to Norway have increased at an annualized rate of 2.7%, from $337M in 1995 to $691M in 2022.

Exports from Norway () to Austria () (2022)

Exports from Austria () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Austria
Top DestinationGermany$57.7B

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

In 2021, countries that imported more from Norway than Austria were United Kingdom ($59.1B), Germany ($78.1B), and France ($25.9B).

In 2021, countries that imported more from Austria than Norway were Switzerland ($11.2B), Hungary ($10.4B), and United States ($14.4B).

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

Comparative Advantage Norway - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Austria in the exports of Metals ($283M), Machines ($20.4M), and Paper Goods ($18.2M).

During 2022, Austria had a large net trade with Norway in the exports of Machines ($215M), Metals ($130M), and Transportation ($97.5M).

Service Trade

Bilateral Service Trade

Aut Year

Nor Year

In 2009, Norway exported services to Austria worth $229M, with Computer and information services ($91.6M), Travel ($60.9M), and Other business services ($40M) being the largest in terms of value.

In 2020, Austria exported services to Norway worth $242M, with Transportation ($62.8M), Other business services ($58.3M), and Computer and information services ($46.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway () to Austria () (2009)

Services Exports from Austria () to Norway () (2020)

Economic Complexity

Competitive Landscape

Year

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 Norway has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Austria () (2022)

Exports from Austria () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Austria

Service Trade

Bilateral Service Trade

Services Exports from Norway () to Austria () (2009)

Services Exports from Austria () to Norway () (2020)

Economic Complexity

Competitive Landscape

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

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