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2022
Flag → Flag
Exports $262MRnk 41 / 209
2022
Flag → Flag
Top Product $58.5MCrude Petroleum
2022
Flag → Flag
Exports $301MRnk 58 / 216
2022
Flag → Flag
Top Product $76.7MNickel Mattes
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Norway-Indonesia Trade: In 2022, Norway exported $262M to Indonesia. The main products that Norway exported to Indonesia were Crude Petroleum ($58.5M), Refined Petroleum ($51M), and Mixed Mineral or Chemical Fertilizers ($25.4M). Over the past 5 years the exports of Norway to Indonesia have increased at an annualized rate of 4.08%, from $214M in 2017 to $262M in 2022.

In 2022, Norway did not export any services to Indonesia.

Indonesia-Norway Trade: In 2022, Indonesia exported $301M to Norway. The main products that Indonesia exported to Norway were Nickel Mattes ($76.7M), Iron Pipes ($17.7M), and Wood Charcoal ($17.4M). Over the past 5 years the exports of Indonesia to Norway have increased at an annualized rate of 12%,  from $171M in 2017 to $301M in 2022.

In 2022, Indonesia did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK289M and imported NOK173M from Indonesia, resulting in a positive trade balance of NOK117M. Between October 2023 and October 2024 the exports of Norway have increased by NOK122M (73.1%) from NOK167M to NOK289M, while imports increased by NOK37.3M (27.5%) from NOK135M to NOK173M.

Trade In October 2024, the top exports of Norway to Indonesia were Chemical materials and products, n.e.s. (NOK74.9M), Fish (not marine mammals), crustaceans, molluscs... (NOK28.4M), General industrial machinery and equipment, n.e.s.,... (NOK16.9M), Iron and steel (NOK7.48M), and Road vehicles (including air-cushion vehicles) (NOK7.02M). In October 2024 the top imports of Norway from Indonesia were Cork and wood (NOK37.6M), Footwear (NOK37.3M), Articles of apparel and clothing accessories (NOK24.6M), Miscellaneous manufactured articles, n.e.s. (NOK12.6M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK9.82M).

Growth In October 2024, the increase in Norway's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK69.1M or 1.19k%), General industrial machinery and equipment, n.e.s.,... (NOK16.6M or 4.4k%), and Fish (not marine mammals), crustaceans, molluscs... (NOK11.3M or 66%). In October 2024, the increase in Norway's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Footwear (NOK11.8M or 46.4%), Cork and wood (NOK7.49M or 24.8%), and Road vehicles (including air-cushion vehicles) (NOK7.11M or 389%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK122M(73.1%)
IMPORT GROWTH (October 2023 - October 2024)NOK37.3M(27.5%)

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 Indonesia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $262M to Indonesia. The main products exported from Norway to Indonesia were Crude Petroleum ($58.5M), Refined Petroleum ($51M), and Mixed Mineral or Chemical Fertilizers ($25.4M). During the last 5 years the exports of Norway to Indonesia have increased at an annualized rate of 4.08%, from $214M in 2017 to $262M in 2022.

In 2017, Indonesia exported $301M to Norway. The main products exported from Indonesia to Norway were Nickel Mattes ($76.7M), Iron Pipes ($17.7M), and Wood Charcoal ($17.4M). During the last 5 years the exports of Indonesia to Norway have increased at an annualized rate of 12%, from $171M in 2022 to $301M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Norway than Indonesia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Indonesia than Norway included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Norway - Indonesia

Flow
Scale

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

During 2022, Norway had a large net trade with Indonesia in the exports of Mineral Products ($110M), Chemical Products ($51.8M), and Machines ($33.7M).

During 2017, Indonesia had a large net trade with Norway in the exports of Metals ($105M), Machines ($52M), and Footwear and Headwear ($32.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Indonesia+$89.8MCrude Petroleum
Top Product Potential Indonesia Norway+$20.8MNickel Mattes

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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Economic Complexity

Competitive Landscape

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

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

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