Norway (NOR) and China (CHN) Trade | The Observatory of Economic Complexity

About

Norway-China In 2022, Norway exported $5.64B to China. The main products that Norway exported to China are Crude Petroleum ($3.04B), Non-fillet Frozen Fish ($434M), and Carboxyamide Compounds ($393M). During the last 27 years the exports of Norway to China have increased at an annualized rate of 12%, from $263M in 1995 to $5.64B in 2022.

In 2010, Norway exported services to China worth $1B, with Services not allocated ($502M), Transportation ($224M), and Other business services ($200M) being the largest in terms of value.

China-Norway In 2022, China exported $10.1B to Norway. The main products that China exported to Norway were Computers ($703M), Broadcasting Equipment ($701M), and Cars ($606M). During the last 27 years the exports of China to Norway have increased at an annualized rate of 11.1%, from $589M in 1995 to $10.1B in 2022.

In 2022, China 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, China ranked 24 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($3.73T).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK2.32B and imported NOK8.07B from China, resulting in a negative trade balance of NOK5.75B. Between February 2023 and February 2024 the exports of Norway have increased by NOK155M (7.18%) from NOK2.17B to NOK2.32B, while imports decreased by NOK-1.7B (-17.4%) from NOK9.77B to NOK8.07B.

Trade In February 2024, the top exports of Norway to China were Petroleum, petroleum products and related materials (NOK1.99B), Fish (not marine mammals), crustaceans, molluscs... (NOK732M), Organic chemicals (NOK442M), Chemical materials and products, n.e.s. (NOK287M), and Non-ferrous metals (NOK218M). In February 2024 the top imports of Norway from China were Telecommunications and sound-recording and reproducing apparatus... (NOK1.56B), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK1.34B), Office machines and automatic data-processing machines (NOK971M), Articles of apparel and clothing accessories (NOK876M), and Miscellaneous manufactured articles, n.e.s. (NOK565M).

Growth In February 2024, the increase in Norway's year-by-year exports to China was explained primarily by an increase in product exports in Non-ferrous metals (NOK161M or 281%), Organic chemicals (NOK131M or 42.2%), and Fish (not marine mammals), crustaceans, molluscs... (NOK120M or 19.5%). In February 2024, the decrease in Norway's year-by-year imports from China was explained primarily by an decrease in product imports in Road vehicles (including air-cushion vehicles) (NOK-331M or -41.9%), Medicinal and pharmaceutical products (NOK-158M or -85.9%), and Office machines and automatic data-processing machines (NOK-146M or -13.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK155M(7.18%)

IMPORT GROWTH (February 2023 - February 2024)NOK-1.7B(-17.4%)

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 China 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 $5.64B to China. The main products exported from Norway to China were Crude Petroleum ($3.04B), Non-fillet Frozen Fish ($434M), and Carboxyamide Compounds ($393M). During the last 27 years the exports of Norway to China have increased at an annualized rate of 12%, from $263M in 1995 to $5.64B in 2022.

In 2022, China exported $10.1B to Norway. The main products exported from China to Norway were Computers ($703M), Broadcasting Equipment ($701M), and Cars ($606M). During the last 27 years the exports of China to Norway have increased at an annualized rate of 11.1%, from $589M in 1995 to $10.1B in 2022.

Exports from Norway () to China () (2022)

Exports from China () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

China
Top DestinationUnited States$551B

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

In 2021, countries that imported more from Norway than China were Sweden ($17.7B), Iceland ($1.17B), and Lithuania ($2.55B).

In 2021, countries that imported more from China than Norway were United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Norway - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with China in the exports of Mineral Products ($3.23B), Animal Products ($750M), and Chemical Products ($728M).

During 2022, China had a large net trade with Norway in the exports of Machines ($4.07B), Transportation ($1.59B), and Textiles ($1.13B).

Service Trade

Bilateral Service Trade

Nor Year

In 2010, Norway exported services to China worth $1B, with Services not allocated ($502M), Transportation ($224M), and Other business services ($200M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway () to China () (2010)

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 China. Similarly, the more yellow a dot/product is, the more China 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 China () (2022)

Exports from China () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - China

Service Trade

Bilateral Service Trade

Services Exports from Norway () to China () (2010)

Economic Complexity

Competitive Landscape

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

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