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Pricing

2022
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Exports $20.3BRnk 4 / 209
2022
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Top Product $18.8BPetroleum Gas
2022
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Exports $2.25BRnk 30 / 222
2022
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Top Product $782MCars
2022
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Economic Complexity (ECI) ECI 0.58Rnk 41 / 124
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
2022
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GDP$579BCURRENT US$
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2012-2022
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GDP GROWTH13%CURRENT US$
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2022
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 GDP$579BCURRENT US$
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2012-2022
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GDP GROWTH16.6%CURRENT US$
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2022
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GDP PC $106,149CURRENT US$
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2012-2022
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GDP PC GROWTH3.89%CURRENT US$
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2022
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GDP PC$49,583CURRENT US$
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2012-2022
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GDP PC GROWTH11%CURRENT US$
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About

Norway-Belgium In 2022, Norway exported $20.3B to Belgium. The main products that Norway exported to Belgium are Petroleum Gas ($18.8B), Refined Petroleum ($529M), and Acyclic Hydrocarbons ($154M). During the last 23 years the exports of Norway to Belgium have increased at an annualized rate of 13.2%, from $1.16B in 1999 to $20.3B in 2022.

In 2009, Norway exported services to Belgium worth $1.53B, with Other business services ($753M), Transportation ($549M), and Computer and information services ($79.8M) being the largest in terms of value.

Belgium-Norway In 2022, Belgium exported $2.25B to Norway. The main products that Belgium exported to Norway were Cars ($782M), Halogens ($95M), and Vaccines, blood, antisera, toxins and cultures ($90.3M). During the last 23 years the exports of Belgium to Norway have increased at an annualized rate of 4.29%, from $856M in 1999 to $2.25B in 2022.

In 2020, Belgium exported services to Norway worth $509M, with Other business services ($211M), Transportation ($172M), and Insurance 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, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK5.85B and imported NOK1.62B from Belgium, resulting in a positive trade balance of NOK4.23B. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-3.24B (-35.6%) from NOK9.08B to NOK5.85B, while imports decreased by NOK-257M (-13.7%) from NOK1.87B to NOK1.62B.

Trade In February 2024, the top exports of Norway to Belgium were Gas, natural and manufactured (NOK9.83B), Petroleum, petroleum products and related materials (NOK491M), Organic chemicals (NOK207M), Fish (not marine mammals), crustaceans, molluscs... (NOK86.5M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK48M). In February 2024 the top imports of Norway from Belgium were Petroleum, petroleum products and related materials (NOK343M), Chemical materials and products, n.e.s. (NOK252M), Road vehicles (including air-cushion vehicles) (NOK225M), Fixed vegetable fats and oils, crude,... (NOK156M), and Medicinal and pharmaceutical products (NOK88.4M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Gas, natural and manufactured (NOK-803M or -7.56%), Iron and steel (NOK-138M or -84.3%), and Non-ferrous metals (NOK-64.6M or -64.8%). In February 2024, the decrease in Norway's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)NOK-3.24B(-35.6%)
IMPORT GROWTH (February 2023 - February 2024)NOK-257M(-13.7%)

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 Belgium and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $20.3B to Belgium. The main products exported from Norway to Belgium were Petroleum Gas ($18.8B), Refined Petroleum ($529M), and Acyclic Hydrocarbons ($154M). During the last 23 years the exports of Norway to Belgium have increased at an annualized rate of 13.2%, from $1.16B in 1999 to $20.3B in 2022.

In 2022, Belgium exported $2.25B to Norway. The main products exported from Belgium to Norway were Cars ($782M), Halogens ($95M), and Vaccines, blood, antisera, toxins and cultures ($90.3M). During the last 23 years the exports of Belgium to Norway have increased at an annualized rate of 4.29%, from $856M in 1999 to $2.25B in 2022.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Belgium
Top DestinationGermany$91.9B

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

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

In 2021, countries that imported more from Belgium than Norway were Netherlands ($65.7B), France ($71.1B), and United States ($29B).

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

Comparative Advantage Norway - Belgium

Flow
Scale

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

During 2022, Norway had a large net trade with Belgium in the exports of Mineral Products ($19.5B), Chemical Products ($231M), and Metals ($182M).

During 2022, Belgium had a large net trade with Norway in the exports of Transportation ($892M), Chemical Products ($453M), and Machines ($181M).

Service Trade

Bilateral Service Trade

In 2009, Norway exported services to Belgium worth $1.53B, with Other business services ($753M), Transportation ($549M), and Computer and information services ($79.8M) being the largest in terms of value.

In 2020, Belgium exported services to Norway worth $509M, with Other business services ($211M), Transportation ($172M), and Insurance services ($46.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Belgium (Flag) (2009)

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

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

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

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