2021
Flag  
GDP
$490BCURRENT US$
Rnk 26 / 204
2011-2021
Flag
GDP GROWTH
-2.21%CURRENT US$
Rnk 172 / 204
2021
Flag
 GDP
$3.12TCURRENT US$
Rnk 6 / 204
2011-2021
Flag
GDP GROWTH
17.1%CURRENT US$
Rnk 124 / 204
2021
Flag
GDP PC 
$90,655CURRENT US$
Rnk 7 / 204
2011-2021
Flag
GDP PC GROWTH
-10.4%CURRENT US$
Rnk 166 / 204
2021
Flag
GDP PC
$46,586CURRENT US$
Rnk 29 / 204
2011-2021
Flag
GDP PC GROWTH
10.5%CURRENT US$
Rnk 114 / 204

About

Norway-United Kingdom In 2021, Norway exported $33.5B to United Kingdom. The main products that Norway exported to United Kingdom are Petroleum Gas ($17.2B), Crude Petroleum ($11.7B), and Refined Petroleum ($576M). During the last 26 years the exports of Norway to United Kingdom have increased at an annualized rate of 5.85%, from $7.64B in 1995 to $33.5B in 2021.

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 2021, United Kingdom exported $4.28B to Norway. The main products that United Kingdom exported to Norway were Planes, Helicopters, and/or Spacecraft ($341M), Cars ($303M), and Crude Petroleum ($255M). During the last 26 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.34%, from $3.02B in 1995 to $4.28B in 2021.

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 2021,  Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43), and 13 in total exports ($420B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Norway exported $33.5B to United Kingdom. The main products exported from Norway to United Kingdom were Petroleum Gas ($17.2B), Crude Petroleum ($11.7B), and Refined Petroleum ($576M). During the last 26 years the exports of Norway to United Kingdom have increased at an annualized rate of 5.85%, from $7.64B in 1995 to $33.5B in 2021.

In 2021, United Kingdom exported $4.28B to Norway. The main products exported from United Kingdom to Norway were Planes, Helicopters, and/or Spacecraft ($341M), Cars ($303M), and Crude Petroleum ($255M). During the last 26 years the exports of United Kingdom to Norway have increased at an annualized rate of 1.34%, from $3.02B in 1995 to $4.28B in 2021.

Exports from Norway (Flag) to United Kingdom (Flag) (2021)

Exports from United Kingdom (Flag) to Norway (Flag) (2021)

Market Competitiveness

Color
Norway
Top Destination
United Kingdom$33.5B
United Kingdom
Top Destination
United States$56.1B

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 2021, countries that imported more from Norway than United Kingdom were Sweden ($13.7B), Denmark ($4.57B), and Finland ($1.86B).

In 2021, countries that imported more from United Kingdom than Norway were United States ($56.1B), Ireland ($28.4B), and Switzerland ($25.7B).

Difference in imports from United Kingdom (Flag) and Norway (Flag) (2021)

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 2021, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($29.9B), Machines ($730M), and Animal Products ($624M).

During 2021, United Kingdom had a large net trade with Norway in the exports of Machines ($1.1B), Transportation ($850M), and Metals ($541M).

Service Trade

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)

Economic Complexity

Competitive Landscape

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 United Kingdom. Similarly, the more yellow a dot/product is, the more United Kingdom has comparative advantage over Norway.

Product Space of Norway (Flag) and United Kingdom (Flag) (2021)

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