Flag Norway / China Flag

2020
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Exports
: $6.8B, Rnk 5 / 197

2020
FlagFlag
Top Product
: $3.93B, Crude Petroleum

2020
FlagFlag
Exports
: $7.79B, Rnk 50 / 209

2020
FlagFlag
Top Product
: $659M, Broadcasting Equipment

2020
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Economic Complexity (ECI)
: ECI 0.71, Rnk 36 / 127

2020
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Economic Complexity (ECI)
: ECI 0.96, Rnk 28 / 127

2020
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GDP
: $362B, CURRENT US$
Rnk 31 / 195

2010-2020
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GDP GROWTH
: -15.5%, CURRENT US$
Rnk 182 / 195

2020
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 GDP
: $14.7T, CURRENT US$
Rnk 2 / 195

2010-2020
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GDP GROWTH
: 142%, CURRENT US$
Rnk 5 / 195

2020
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GDP PC 
: $67,330, CURRENT US$
Rnk 7 / 195

2010-2020
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GDP PC GROWTH
: -23.2%, CURRENT US$
Rnk 176 / 195

2020
Flag
GDP PC
: $10,435, CURRENT US$
Rnk 68 / 195

2010-2020
Flag
GDP PC GROWTH
: 129%, CURRENT US$
Rnk 5 / 195

Norway-China In 2020, Norway exported $6.8B to China. The main products that Norway exported to China are Crude Petroleum ($3.93B), Carboxyamide Compounds ($737M), and Non-fillet Frozen Fish ($283M). During the last 25 years the exports of Norway to China have increased at an annualized rate of 14.1%, from $253M in 1995 to $6.8B in 2020.

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 2020, China exported $7.79B to Norway. The main products that China exported to Norway were Broadcasting Equipment ($659M), Computers ($574M), and Office Machine Parts ($435M). During the last 25 years the exports of China to Norway have increased at an annualized rate of 10.9%, from $585M in 1995 to $7.79B in 2020.

In 2020, China did not export any services to Norway.

Comparison In 2020,  Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B). That same year, China ranked 28 in the Economic Complexity Index (ECI 0.96), and 1 in total exports ($2.65T).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Norway exported $6.8B to China. The main products exported from Norway to China were Crude Petroleum ($3.93B), Carboxyamide Compounds ($737M), and Non-fillet Frozen Fish ($283M). During the last 25 years the exports of Norway to China have increased at an annualized rate of 14.1%, from $253M in 1995 to $6.8B in 2020.

In 2020, China exported $7.79B to Norway. The main products exported from China to Norway were Broadcasting Equipment ($659M), Computers ($574M), and Office Machine Parts ($435M). During the last 25 years the exports of China to Norway have increased at an annualized rate of 10.9%, from $585M in 1995 to $7.79B in 2020.

Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $14B

China
Top Destination
: United States, $438B

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 2019, countries that imported more from Norway than China were Iceland ($490M), Sweden ($9.1B), and Greenland ($3.54M).

In 2019, countries that imported more from China than Norway were United States ($438B), Hong Kong ($262B), and Japan ($151B).

Comparative Advantage Norway - China

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Flow

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

During 2020, Norway had a large net trade with China in the exports of Mineral Products ($4.13B), Chemical Products ($1.09B), and Machines ($450M).

During 2020, China had a large net trade with Norway in the exports of Machines ($3.33B), Textiles ($1.09B), and Transportation ($875M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.