Norway (NOR) and Italy (ITA) Trade | OEC - The Observatory of Economic Complexity

About

Norway-Italy In 2021, Norway exported $2.8B to Italy. The main products that Norway exported to Italy are Petroleum Gas ($869M), Crude Petroleum ($667M), and Non-fillet Fresh Fish ($466M). During the last 26 years the exports of Norway to Italy have increased at an annualized rate of 3.42%, from $1.17B in 1995 to $2.8B in 2021.

In 2009, Norway exported services to Italy worth $480M, with Other business services ($157M), Transportation ($157M), and Financial services ($72.4M) being the largest in terms of value.

Italy-Norway In 2021, Italy exported $2.26B to Norway. The main products that Italy exported to Norway were Wine ($142M), Valves ($113M), and Gas Turbines ($88.3M). During the last 26 years the exports of Italy to Norway have increased at an annualized rate of 3.05%, from $1.03B in 1995 to $2.26B in 2021.

In 2020, Italy exported services to Norway worth $158M, with Travel ($53.7M), Other business services ($47.5M), and Transportation ($29M) 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, Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B).

Latest Trends

#

April, 2023

About

#

Overview In April 2023, Norway exported NOK3.01B and imported NOK2.51B from Italy, resulting in a positive trade balance of NOK504M. Between April 2022 and April 2023 the exports of Norway have increased by NOK1.68B (126%) from NOK1.33B to NOK3.01B, while imports increased by NOK439M (21.2%) from NOK2.07B to NOK2.51B.

Trade In April 2023, the top exports of Norway to Italy were Fish (not marine mammals), crustaceans, molluscs... (NOK453M), Petroleum, petroleum products and related materials (NOK440M), Non-ferrous metals (NOK324M), Paper, paperboard and articles of paper... (NOK27.4M), and Medicinal and pharmaceutical products (NOK24.6M). In April 2023 the top imports of Norway from Italy were General industrial machinery and equipment, n.e.s.,... (NOK220M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK140M), Road vehicles (including air-cushion vehicles) (NOK105M), Medicinal and pharmaceutical products (NOK102M), and Vegetables and fruit (NOK86.7M).

Growth In April 2023, the increase in Norway's year-by-year exports to Italy was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK440M or 14.7M%), Non-ferrous metals (NOK163M or 102%), and Fish (not marine mammals), crustaceans, molluscs... (NOK102M or 29%). In April 2023, the increase in Norway's year-by-year imports from Italy was explained primarily by an increase in product imports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK33M or 30.8%), Medicinal and pharmaceutical products (NOK27M or 35.8%), and Other transport equipment (NOK25.9M or 305%).

Latest Trade

#

Flow

Time Scale

Value

EXPORT GROWTH (April 2022 - April 2023): NOK1.68B, (126%)

IMPORT GROWTH (April 2022 - April 2023): NOK439M, (21.2%)

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 Italy and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Norway Data

Go to Bulk Download

Historical Data

#

Bilateral Trade by Products

#

Depth

Value

Year

In 2021, Norway exported $2.8B to Italy. The main products exported from Norway to Italy were Petroleum Gas ($869M), Crude Petroleum ($667M), and Non-fillet Fresh Fish ($466M). During the last 26 years the exports of Norway to Italy have increased at an annualized rate of 3.42%, from $1.17B in 1995 to $2.8B in 2021.

In 2021, Italy exported $2.26B to Norway. The main products exported from Italy to Norway were Wine ($142M), Valves ($113M), and Gas Turbines ($88.3M). During the last 26 years the exports of Italy to Norway have increased at an annualized rate of 3.05%, from $1.03B in 1995 to $2.26B in 2021.

Market Competitiveness

#

Color

SectionYear

Norway
Top Destination: United Kingdom, $33.5B

Italy
Top Destination: Germany, $78.4B

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

In 2021, countries that imported more from Norway than Italy were Sweden ($13.7B), United Kingdom ($33.5B), and Iceland ($858M).

In 2021, countries that imported more from Italy than Norway were United States ($58.1B), France ($61.6B), and Germany ($78.4B).

Comparative Advantage Norway - Italy

#

Flow

Scale

Year

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

During 2021, Norway had a large net trade with Italy in the exports of Mineral Products ($1.57B), Animal Products ($532M), and Metals ($308M).

During 2021, Italy had a large net trade with Norway in the exports of Machines ($769M), Foodstuffs ($287M), and Transportation ($239M).

Service Trade

#

Bilateral Service Trade

#

Ita YearNor Year

In 2009, Norway exported services to Italy worth $480M, with Other business services ($157M), Transportation ($157M), and Financial services ($72.4M) being the largest in terms of value.

In 2020, Italy exported services to Norway worth $158M, with Travel ($53.7M), Other business services ($47.5M), and Transportation ($29M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#

Competitive Landscape

#

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Norway - Italy

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

Related Profiles