2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Norway-Germany Trade: In 2022, Norway exported $78.1B to Germany. The main products that Norway exported to Germany were Petroleum Gas ($65.7B), Crude Petroleum ($5.7B), and Electricity ($1.32B). Over the past 5 years the exports of Norway to Germany have increased at an annualized rate of 36.7%, from $16.3B in 2017 to $78.1B in 2022.

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 Trade: In 2022, Germany exported $12B to Norway. The main products that Germany exported to Norway were Cars ($3.13B), Electricity ($365M), and Packaged Medicaments ($233M). Over the past 5 years the exports of Germany to Norway have increased at an annualized rate of 2.85%,  from $9.84B in 2017 to $12B in 2022.

In 2020, Germany exported services to Norway worth $1.05B, with Other business services ($427M), Transportation ($289M), and Computer and information services ($144M) being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $78.1B to Germany. The main products exported from Norway to Germany were Petroleum Gas ($65.7B), Crude Petroleum ($5.7B), and Electricity ($1.32B). During the last 5 years the exports of Norway to Germany have increased at an annualized rate of 36.7%, from $16.3B in 2017 to $78.1B in 2022.

In 2017, Germany exported $12B to Norway. The main products exported from Germany to Norway were Cars ($3.13B), Electricity ($365M), and Packaged Medicaments ($233M). During the last 5 years the exports of Germany to Norway have increased at an annualized rate of 2.85%, from $9.84B in 2022 to $12B in 2017.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Germany
Top Destination
United States$153B

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 2022, countries that imported more from Norway than Germany included Nigeria ($1.75B), Iceland ($1.17B), and Bermuda ($310M).

In 2022, countries that imported more from Germany than Norway included United States ($153B), China ($109B), and France ($120B).

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

Comparative Advantage Norway - Germany

Flow
Scale

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

During 2022, Norway had a large net trade with Germany in the exports of Mineral Products ($73.4B), Metals ($1.91B), and Chemical Products ($861M).

During 2017, Germany had a large net trade with Norway in the exports of Transportation ($4.11B), Machines ($2.4B), and Chemical Products ($1.12B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Germany+$1.73BCrude Petroleum
Top Product Potential Germany Norway+$89.2MPackaged Medicaments

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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Bilateral Service Trade

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 2020, Germany exported services to Norway worth $1.05B, with Other business services ($427M), Transportation ($289M), and Computer and information services ($144M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Germany (Flag) (2009)

Services Exports from Germany (Flag) to Norway (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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