Norway (NOR) and Germany (DEU) Trade | OEC - The Observatory of Economic Complexity

About

Norway-Germany In 2020, Norway exported $9.77B to Germany. The main products that Norway exported to Germany are Petroleum gases and other gaseous hydrocarbons ($5.27B), Petroleum oils and oils obtained from bituminous minerals; crude ($985M), and Aluminium; unwrought ($457M). During the last 25 years the exports of Norway to Germany have increased at an annualized rate of 1.22%, from $7.22B in 1995 to $9.77B in 2020.

In 2009, Norway exported services to Germany worth $3.06B, with Transportation ($1.15B), Other business services ($755M), and Travel ($649M) being the largest in terms of value.

Germany-Norway In 2020, Germany exported $9.71B to Norway . The main products that Germany exported to Norway were Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars ($2.06B), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($299M), and Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods ($184M). During the last 25 years the exports of Germany to Norway have increased at an annualized rate of 3.26%, from $4.35B in 1995 to $9.71B in 2020.

In 2018, Germany exported services to Norway worth $1.43B, with Transportation ($422M), Other business services ($416M), and Travel ($281M) being the largest in terms of value.

Comparison In 2020, Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B). That same year, Germany ranked 4 in the Economic Complexity Index (ECI 1.88), and 3 in total exports ($1.33T).

Latest Trends

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May, 2022

About

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Overview In May 2022 Norway exported NOK40.9B and imported NOK10.1B from Germany, resulting in a positive trade balance of NOK30.9B. Between May 2021 and May 2022 the exports of Norway have increased by NOK29.7B (264%) from NOK11.2B to NOK40.9B, while imports increased by NOK1.98B (24.5%) from NOK8.09B to NOK10.1B.

Trade In May 2022, the top exports of Norway to Germany were Gas, natural and manufactured (NOK30.2B), Petroleum, petroleum products and related materials (NOK5.97B), Non-ferrous metals (NOK1.14B), Electric current (NOK954M), and Inorganic chemicals (NOK412M). In May 2022 the top imports of Norway from Germany were Road vehicles (including air-cushion vehicles) (NOK3.56B), General industrial machinery and equipment, n.e.s.,... (NOK636M), Machinery specialized for particular industries (NOK530M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK495M), and Miscellaneous manufactured articles, n.e.s. (NOK427M).

Growth In May 2022, the increase in Norway's year-by-year exports to Germany was explained primarily by an increase in product exports in Gas, natural and manufactured (NOK932M or 18.3%), Petroleum, petroleum products and related materials (NOK149M or 16.4%), and Miscellaneous manufactured articles, n.e.s. (NOK80.8M or 248%). In May 2022, the increase in Norway's year-by-year imports from Germany was explained primarily by an increase in product imports in Machinery specialized for particular industries (NOK104M or 36.2%), Other transport equipment (NOK79.5M or 240%), and Fixed vegetable fats and oils, crude,... (NOK71.7M or 2.22k%).

Latest Trade

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Time Scale

Flow

Value

EXPORT GROWTH (May 2021 - May 2022): NOK29.7B, (264%)

IMPORT GROWTH (May 2021 - May 2022): NOK1.98B, (24.5%)

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 Germany and Norway trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Compare to

Year

In 2020, Norway exported $9.77B to Germany. The main products exported from Norway to Germany were Petroleum gases and other gaseous hydrocarbons ($5.27B), Petroleum oils and oils obtained from bituminous minerals; crude ($985M), and Aluminium; unwrought ($457M). During the last 25 years the exports of Norway to Germany have increased at an annualized rate of 1.22%, from $7.22B in 1995 to $9.77B in 2020.

In 2020, Germany exported $9.71B to Norway. The main products exported from Germany to Norway were Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars ($2.06B), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($299M), and Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods ($184M). During the last 25 years the exports of Germany to Norway have increased at an annualized rate of 3.26%, from $4.35B in 1995 to $9.71B in 2020.

Market Competitiveness

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Measure

SectionYear

Norway
Top Destination: United Kingdom, $14B

Germany
Top Destination: United States, $116B

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

In 2019, countries that imported more from Norway than Germany were Gambia ($71M), Angola ($150M), and Bahrain ($8.65M).

In 2019, countries that imported more from Germany than Norway were United States ($116B), China ($106B), and France ($101B).

Comparative Advantage Norway - Germany

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Flow

Year

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

During 2020, Norway had a large net trade with Germany in the exports of Mineral Products ($6.57B), Metals ($997M), and Chemical Products ($516M).

During 2020, Germany had a large net trade with Norway in the exports of Transportation ($3.17B), Machines ($2.29B), and Chemical Products ($941M).

Service Trade

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Bilateral Service Trade

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Deu YearNor Year

In 2009, Norway exported services to Germany worth $3.06B, with Transportation ($1.15B), Other business services ($755M), and Travel ($649M) being the largest in terms of value.

In 2018, Germany exported services to Norway worth $1.43B, with Transportation ($422M), Other business services ($416M), and Travel ($281M) 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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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 Germany. Similarly, the more yellow a dot/product is, the more Germany has comparative advantage over Norway.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Germany

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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