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2022
Flag → Flag
Exports $59.1BRnk 2 / 209
2022
Flag → Flag
Top Product $35.5BPetroleum Gas
2022
Flag → Flag
Exports $4.54BRnk 23 / 224
2022
Flag → Flag
Top Product $457MElectricity
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 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$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Norway-United Kingdom Trade: In 2022, Norway exported $59.1B to United Kingdom. The main products that Norway exported to United Kingdom were Petroleum Gas ($35.5B), Crude Petroleum ($18.3B), and Electricity ($980M). Over the past 5 years the exports of Norway to United Kingdom have increased at an annualized rate of 21.8%, from $22.1B in 2017 to $59.1B in 2022.

In 2009, Norway exported services to United Kingdom worth $7.2B, with Transportation ($4.13B), Other business services ($1.75B), and Computer and information services ($374M) being the largest in terms of value.

United Kingdom-Norway Trade: In 2022, United Kingdom exported $4.54B to Norway. The main products that United Kingdom exported to Norway were Electricity ($457M), Refined Petroleum ($236M), and Animal Food ($216M). Over the past 5 years the exports of United Kingdom to Norway have increased at an annualized rate of 3.19%,  from $3.88B in 2017 to $4.54B in 2022.

In 2019, United Kingdom exported services to Norway worth $3.51B, with Other business services ($1.48B), Travel ($737M), and Financial services ($539M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK29.7B and imported NOK6.04B from United Kingdom, resulting in a positive trade balance of NOK23.6B. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-373M (-1.24%) from NOK30B to NOK29.7B, while imports increased by NOK1.51B (33.5%) from NOK4.52B to NOK6.04B.

Trade In October 2024, the top exports of Norway to United Kingdom were Gas, natural and manufactured (NOK20.1B), Petroleum, petroleum products and related materials (NOK15.1B), Electric current (NOK977M), Fish (not marine mammals), crustaceans, molluscs... (NOK577M), and Non-ferrous metals (NOK555M). In October 2024 the top imports of Norway from United Kingdom were Fish (not marine mammals), crustaceans, molluscs... (NOK649M), Machinery specialized for particular industries (NOK230M), General industrial machinery and equipment, n.e.s.,... (NOK225M), Manufactures of metals, n.e.s. (NOK151M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK130M).

Growth In October 2024, the decrease in Norway's year-by-year exports to United Kingdom was explained primarily by an decrease in product exports in Gas, natural and manufactured (NOK-2.47B or -11%), Non-ferrous metals (NOK-163M or -22.7%), and Organic chemicals (NOK-116M or -75.5%). In October 2024, the increase in Norway's year-by-year imports  from United Kingdom was explained primarily by an increase in product imports  in Machinery specialized for particular industries (NOK68.9M or 42.7%), Manufactures of metals, n.e.s. (NOK66.3M or 78.7%), and Medicinal and pharmaceutical products (NOK48.8M or 73%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-373M(-1.24%)
IMPORT GROWTH (October 2023 - October 2024)NOK1.51B(33.5%)

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 United Kingdom and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $59.1B to United Kingdom. The main products exported from Norway to United Kingdom were Petroleum Gas ($35.5B), Crude Petroleum ($18.3B), and Electricity ($980M). During the last 5 years the exports of Norway to United Kingdom have increased at an annualized rate of 21.8%, from $22.1B in 2017 to $59.1B in 2022.

In 2017, United Kingdom exported $4.54B to Norway. The main products exported from United Kingdom to Norway were Electricity ($457M), Refined Petroleum ($236M), and Animal Food ($216M). During the last 5 years the exports of United Kingdom to Norway have increased at an annualized rate of 3.19%, from $3.88B in 2022 to $4.54B in 2017.

Exports from Norway (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Norway than United Kingdom included Germany ($78.1B), Sweden ($17.7B), and Finland ($6.36B).

In 2022, countries that imported more from United Kingdom than Norway included United States ($61.8B), Ireland ($32.6B), and China ($35.4B).

Difference in imports from United Kingdom (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - United Kingdom

Flow
Scale

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

During 2022, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($55.6B), Animal Products ($726M), and Metals ($693M).

During 2017, United Kingdom had a large net trade with Norway in the exports of Machines ($1.06B), Mineral Products ($896M), and Transportation ($529M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway United Kingdom+$372MRefined Petroleum
Top Product Potential United Kingdom Norway+$126MCars

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 United Kingdom worth $7.2B, with Transportation ($4.13B), Other business services ($1.75B), and Computer and information services ($374M) being the largest in terms of value.

In 2019, United Kingdom exported services to Norway worth $3.51B, with Other business services ($1.48B), Travel ($737M), and Financial services ($539M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to United Kingdom (Flag) (2009)

Services Exports from United Kingdom (Flag) to Norway (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and United Kingdom (Flag) (2022)

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