Flag Norway / United Kingdom Flag

Exports Flag β†’ Flag  (2018): $25.8B, Rnk 1 / 199

Top Product Flag β†’ Flag (2018): $12B, Crude Petroleum

Exports Flag β†’ Flag (2018): $4.63B, Rnk 22 / 217

Top Product Flag β†’ Flag (2018): $594M, Crude Petroleum

Economic Complexity of Flag (2018): ECI 0.85, Rnk 34 / 137

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

GDP Flag (2018): $434B, CURRENT US$
Rnk 27 / 196

GDP GROWTH Flag (2008-2018): -6.08%, CURRENT US$
Rnk 182 / 196

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP PC Flag (2018): $81,697, CURRENT US$
Rnk 5 / 196

GDP PC GROWTH Flag (2008-2018): -15.7%, CURRENT US$
Rnk 177 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

Norway-United Kingdom: In 2018, Norway exported $25.8B to United Kingdom. The main products exported from Norway to United Kingdom were Crude Petroleum ($12B), Petroleum Gas ($10.2B), and Refined Petroleum ($470M). During the last 23 years the exports of Norway to United Kingdom have increased at an annualized rate of 5.95%, from $6.83B in 1995 to $25.8B in 2018. 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: In 2018, United Kingdom exported $4.63B to Norway. The main products exported from United Kingdom to Norway were Crude Petroleum ($594M), Cars ($519M), and Planes, Helicopters, and/or Spacecraft ($289M). During the last 23 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.73%, from $3.12B in 1995 to $4.63B in 2018. In 2016, United Kingdom exported services to Norway worth $863M, with Travel ($663M), Transportation ($190M), and Government services, n.i.e. ($9.41M) being the largest in terms of value.

Comparison: In 2018, Norway ranked 34 in the Economic Complexity Index (ECI 0.85), and 33 in total exports ($127B). That same year, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). In terms of GDP Per Capita, Norway was ranked 5 with a GDP Per Capita of $81,697, and United Kingdom was ranked 22 with a GDP Per Capita of $42,944.

Bilateral Trade by Products

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Depth
Value

In 2018, Norway exported $25.8B to United Kingdom. The main products exported from Norway to United Kingdom were Crude Petroleum ($12B), Petroleum Gas ($10.2B), and Refined Petroleum ($470M). During the last 23 years the exports of Norway to United Kingdom have increased at an annualized rate of 5.95%, from $6.83B in 1995 to $25.8B in 2018.

In 2018, United Kingdom exported $4.63B to Norway. The main products exported from United Kingdom to Norway were Crude Petroleum ($594M), Cars ($519M), and Planes, Helicopters, and/or Spacecraft ($289M). During the last 23 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.73%, from $3.12B in 1995 to $4.63B in 2018.

Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $25.8B

United Kingdom
Top Destination
: United States, $61.9B

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 2018, countries that imported more from Norway than United Kingdom were Sweden ($9.8B), Denmark ($5.52B), and Iceland ($771M).

In 2018, countries that imported more from United Kingdom than Norway were United States ($61.9B), Ireland ($27.4B), and Switzerland ($26.3B).

Comparative Advantage Norway - United Kingdom

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Depth

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

During 2018, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($22.9B), Machines ($642M), and Metals ($575M).

During 2018, United Kingdom had a large net trade with Norway in the exports of Transportation ($1.13B), Machines ($1.1B), and Mineral Products ($721M).

Tariff Section

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In 2018, Norway and United Kingdom don't have data regarding the tariffs applied to the products exported, given a no tariff policy, or don't having any tariff history reported whatsoever.

To explore the different product levels and year available with data, visit our Tariff Explorer Section.

Explore Tariff Data

Trade Forecasts

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This section shows a forecast for total trade between Norway and United Kingdom. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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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 2016, United Kingdom exported services to Norway worth $863M, with Travel ($663M), Transportation ($190M), and Government services, n.i.e. ($9.41M) 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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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over United Kingdom. Similarly, the more red a dot/product is, the more United Kingdom has comparative advantage over Norway.