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2022
Flag → Flag
Exports $5.64BRnk 11 / 209
2022
Flag → Flag
Top Product $3.04BCrude Petroleum
2022
Flag → Flag
Exports $10.1BRnk 54 / 211
2022
Flag → Flag
Top Product $703MComputers
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Norway-China Trade: In 2022, Norway exported $5.64B to China. The main products that Norway exported to China were Crude Petroleum ($3.04B), Non-fillet Frozen Fish ($434M), and Carboxyamide Compounds ($393M). Over the past 5 years the exports of Norway to China have increased at an annualized rate of 13.5%, from $3B in 2017 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 Trade: 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). Over the past 5 years the exports of China to Norway have increased at an annualized rate of 8.91%,  from $6.59B in 2017 to $10.1B in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK2.52B and imported NOK10.8B from China, resulting in a negative trade balance of NOK8.31B. Between July 2023 and July 2024 the exports of Norway have increased by NOK25.6M (1.03%) from NOK2.49B to NOK2.52B, while imports increased by NOK2.37B (28.1%) from NOK8.45B to NOK10.8B.

Trade In July 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 July 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 July 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 July 2024, the increase in Norway's year-by-year imports  from China was explained primarily by an increase in product imports  in Telecommunications and sound-recording and reproducing apparatus... (NOK165M or 11.8%), Machinery specialized for particular industries (NOK145M or 106%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK118M or 9.65%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK25.6M(1.03%)
IMPORT GROWTH (July 2023 - July 2024)NOK2.37B(28.1%)

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.

For full datasets download visit Bulk Download page.

Explore China and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Norway to China have increased at an annualized rate of 13.5%, from $3B in 2017 to $5.64B in 2022.

In 2017, 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 5 years the exports of China to Norway have increased at an annualized rate of 8.91%, from $6.59B in 2022 to $10.1B in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from Norway than China included Sweden ($17.7B), Iceland ($1.17B), and Lithuania ($2.55B).

In 2022, countries that imported more from China than Norway included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Norway - China

Flow
Scale

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 2017, China had a large net trade with Norway in the exports of Machines ($4.07B), Transportation ($1.59B), and Textiles ($1.13B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway China+$1.87BCrude Petroleum
Top Product Potential China Norway+$286MTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and China. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Norway.

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

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