Flag Norway / Italy Flag

2021
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Exports
: $2.8B, Rnk 11 / 204

2021
FlagFlag
Top Product
: $869M, Petroleum Gas

2021
FlagFlag
Exports
: $2.26B, Rnk 44 / 221

2021
FlagFlag
Top Product
: $142M, Wine

2021
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Economic Complexity (ECI)
: ECI 0.69, Rnk 38 / 131

2021
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Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

2021
Flag  
GDP
: $482B, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP GROWTH
: -3.18%, CURRENT US$
Rnk 156 / 182

2021
Flag
 GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
Flag
GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

2021
Flag
GDP PC 
: $89,203, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 150 / 182

2021
Flag
GDP PC
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
Flag
GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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Color

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

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Flow
Scale

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).

Bilateral Service Trade

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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

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Competitive Landscape

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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.