Norway (NOR) and Spain (ESP) Trade | OEC - The Observatory of Economic Complexity

About

Norway-Spain In 2020, Norway exported $1.72B to Spain. The main products that Norway exported to Spain are Non-fillet Fresh Fish ($449M), Crude Petroleum ($270M), and Raw Aluminium ($264M). During the last 25 years the exports of Norway to Spain have increased at an annualized rate of 3.6%, from $711M in 1995 to $1.72B in 2020.

In 2009, Norway exported services to Spain worth $399M, with Transportation ($161M), Other business services ($83.9M), and Financial services ($75.6M) being the largest in terms of value.

Spain-Norway In 2020, Spain exported $1.64B to Norway. The main products that Spain exported to Norway were Cars ($196M), Delivery Trucks ($141M), and Aluminium Oxide ($134M). During the last 25 years the exports of Spain to Norway have increased at an annualized rate of 4.01%, from $615M in 1995 to $1.64B in 2020.

In 2009, Spain exported services to Norway worth $2.84B, with Services not allocated ($1.61B), Travel ($1.12B), and Transportation ($112M) 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, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B).

Latest Trends

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January, 2023

About

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Overview In January 2023, Norway exported NOK2.15B and imported NOK1.99B from Spain, resulting in a positive trade balance of NOK164M. Between January 2022 and January 2023 the exports of Norway have increased by NOK16M (0.75%) from NOK2.13B to NOK2.15B, while imports increased by NOK462M (30.3%) from NOK1.52B to NOK1.99B.

Trade In January 2023, the top exports of Norway to Spain were Petroleum, petroleum products and related materials (NOK587M), Fish (not marine mammals), crustaceans, molluscs... (NOK540M), Non-ferrous metals (NOK354M), Chemical materials and products, n.e.s. (NOK172M), and Iron and steel (NOK153M). In January 2023 the top imports of Norway from Spain were Vegetables and fruit (NOK325M), Road vehicles (including air-cushion vehicles) (NOK244M), Manufactures of metals, n.e.s. (NOK142M), Medicinal and pharmaceutical products (NOK129M), and Metalliferous ores and metal scrap (NOK101M).

Growth In January 2023, the increase in Norway's year-by-year exports to Spain was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK284M or 93.8%), Non-ferrous metals (NOK201M or 130%), and Iron and steel (NOK150M or 4.87k%). In January 2023, the increase in Norway's year-by-year imports from Spain was explained primarily by an increase in product imports in Medicinal and pharmaceutical products (NOK71.7M or 126%), Manufactures of metals, n.e.s. (NOK37.8M or 36.5%), and Crude animal and vegetable materials, n.e.s. (NOK25.5M or 51.2%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (January 2022 - January 2023): NOK16M, (0.75%)

IMPORT GROWTH (January 2022 - January 2023): NOK462M, (30.3%)

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 Spain 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

Year

In 2020, Norway exported $1.72B to Spain. The main products exported from Norway to Spain were Non-fillet Fresh Fish ($449M), Crude Petroleum ($270M), and Raw Aluminium ($264M). During the last 25 years the exports of Norway to Spain have increased at an annualized rate of 3.6%, from $711M in 1995 to $1.72B in 2020.

In 2020, Spain exported $1.64B to Norway. The main products exported from Spain to Norway were Cars ($196M), Delivery Trucks ($141M), and Aluminium Oxide ($134M). During the last 25 years the exports of Spain to Norway have increased at an annualized rate of 4.01%, from $615M in 1995 to $1.64B in 2020.

Market Competitiveness

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Measure

SectionYear

Norway
Top Destination: United Kingdom, $14B

Spain
Top Destination: France, $47.6B

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

In 2019, countries that imported more from Norway than Spain were Sweden ($9.1B), Denmark ($3.38B), and Iceland ($490M).

In 2019, countries that imported more from Spain than Norway were France ($47.6B), Germany ($34B), and Portugal ($23.8B).

Comparative Advantage Norway - Spain

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Flow

Scale

Year

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

During 2020, Norway had a large net trade with Spain in the exports of Animal Products ($540M), Mineral Products ($520M), and Metals ($364M).

During 2020, Spain had a large net trade with Norway in the exports of Transportation ($455M), Machines ($220M), and Vegetable Products ($214M).

Service Trade

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Bilateral Service Trade

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Esp YearNor Year

In 2009, Norway exported services to Spain worth $399M, with Transportation ($161M), Other business services ($83.9M), and Financial services ($75.6M) being the largest in terms of value.

In 2009, Spain exported services to Norway worth $2.84B, with Services not allocated ($1.61B), Travel ($1.12B), and Transportation ($112M) 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 Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Spain

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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