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Pricing

2022
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Exports $1.13BRnk 21 / 209
2022
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Top Product $445MMixed Mineral or Chemical Fertilizers
2022
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Exports $1.45BRnk 42 / 223
2022
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Top Product $787MAluminium Oxide
2022
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Economic Complexity (ECI) ECI 0.58Rnk 41 / 124
2022
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Economic Complexity (ECI) ECI 0.29Rnk 49 / 124
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Norway-Brazil In 2022, Norway exported $1.13B to Brazil. The main products that Norway exported to Brazil are Mixed Mineral or Chemical Fertilizers ($445M), Fish: dried, salted, smoked or in brine ($117M), and Ferroalloys ($70.1M). During the last 27 years the exports of Norway to Brazil have increased at an annualized rate of 5.22%, from $286M in 1995 to $1.13B in 2022.

In 2010, Norway exported services to Brazil worth $1.78B, with Services not allocated ($889M), Other business services ($572M), and Transportation ($294M) being the largest in terms of value.

Brazil-Norway In 2022, Brazil exported $1.45B to Norway. The main products that Brazil exported to Norway were Aluminium Oxide ($787M), Soybeans ($148M), and Refined Petroleum ($95.2M). During the last 27 years the exports of Brazil to Norway have increased at an annualized rate of 10.2%, from $104M in 1995 to $1.45B in 2022.

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

Comparison In 2022,  Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.29), and 25 in total exports ($341B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK674M and imported NOK896M from Brazil, resulting in a negative trade balance of NOK222M. Between February 2023 and February 2024 the exports of Norway have increased by NOK14.3M (2.17%) from NOK660M to NOK674M, while imports decreased by NOK-1.28B (-58.8%) from NOK2.18B to NOK896M.

Trade In February 2024, the top exports of Norway to Brazil were Fish (not marine mammals), crustaceans, molluscs... (NOK321M), General industrial machinery and equipment, n.e.s.,... (NOK70.5M), Professional, scientific and controlling instruments and... (NOK68.5M), Iron and steel (NOK49.4M), and Machinery specialized for particular industries (NOK18.4M). In February 2024 the top imports of Norway from Brazil were Metalliferous ores and metal scrap (NOK899M), General industrial machinery and equipment, n.e.s.,... (NOK248M), Feeding stuff for animals (not including... (NOK109M), Coffee, tea, cocoa, spices, and manufactures... (NOK92.7M), and Professional, scientific and controlling instruments and... (NOK59.5M).

Growth In February 2024, the increase in Norway's year-by-year exports to Brazil was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK184M or 134%), Professional, scientific and controlling instruments and... (NOK52.1M or 318%), and Iron and steel (NOK32.5M or 192%). In February 2024, the decrease in Norway's year-by-year imports  from Brazil was explained primarily by an decrease in product imports  in Leather, leather manufactures, n.e.s., and dressed... (NOK-12.1M or -59.1%), Feeding stuff for animals (not including... (NOK-11.7M or -9.74%), and Power-generating machinery and equipment (NOK-6.84M or -86.3%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)NOK14.3M(2.17%)
IMPORT GROWTH (February 2023 - February 2024)NOK-1.28B(-58.8%)

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 Brazil 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 $1.13B to Brazil. The main products exported from Norway to Brazil were Mixed Mineral or Chemical Fertilizers ($445M), Fish: dried, salted, smoked or in brine ($117M), and Ferroalloys ($70.1M). During the last 27 years the exports of Norway to Brazil have increased at an annualized rate of 5.22%, from $286M in 1995 to $1.13B in 2022.

In 2022, Brazil exported $1.45B to Norway. The main products exported from Brazil to Norway were Aluminium Oxide ($787M), Soybeans ($148M), and Refined Petroleum ($95.2M). During the last 27 years the exports of Brazil to Norway have increased at an annualized rate of 10.2%, from $104M in 1995 to $1.45B in 2022.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Brazil
Top DestinationChina$90.1B

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

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

In 2021, countries that imported more from Brazil than Norway were China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Norway - Brazil

Flow
Scale

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

During 2022, Norway had a large net trade with Brazil in the exports of Chemical Products ($528M), Metals ($163M), and Machines ($135M).

During 2022, Brazil had a large net trade with Norway in the exports of Chemical Products ($835M), Vegetable Products ($199M), and Mineral Products ($154M).

Service Trade

Bilateral Service Trade

In 2010, Norway exported services to Brazil worth $1.78B, with Services not allocated ($889M), Other business services ($572M), and Transportation ($294M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Brazil (Flag) (2010)

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

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

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