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

About

Norway-Italy In 2022, Norway exported $7.27B to Italy. The main products that Norway exported to Italy are Petroleum Gas ($5.78B), Non-fillet Fresh Fish ($576M), and Crude Petroleum ($278M). During the last 27 years the exports of Norway to Italy have increased at an annualized rate of 7.01%, from $1.17B in 1995 to $7.27B in 2022.

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 2022, Italy exported $2.25B to Norway. The main products that Italy exported to Norway were Valves ($149M), Wine ($120M), and Packaged Medicaments ($42M). During the last 27 years the exports of Italy to Norway have increased at an annualized rate of 2.92%, from $1.04B in 1995 to $2.25B in 2022.

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 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK1.71B and imported NOK2.76B from Italy, resulting in a negative trade balance of NOK1.05B. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-848M (-33.1%) from NOK2.56B to NOK1.71B, while imports increased by NOK306M (12.4%) from NOK2.46B to NOK2.76B.

Trade In February 2024, the top exports of Norway to Italy were Fish (not marine mammals), crustaceans, molluscs... (NOK581M), Petroleum, petroleum products and related materials (NOK554M), Non-ferrous metals (NOK216M), Power-generating machinery and equipment (NOK52.9M), and Chemical materials and products, n.e.s. (NOK40.7M). In February 2024 the top imports of Norway from Italy were General industrial machinery and equipment, n.e.s.,... (NOK387M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK125M), Machinery specialized for particular industries (NOK124M), Vegetables and fruit (NOK106M), and Iron and steel (NOK99.6M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Italy was explained primarily by an decrease in product exports in Non-ferrous metals (NOK-109M or -33.5%), Paper, paperboard and articles of paper... (NOK-16.3M or -59.6%), and Medicinal and pharmaceutical products (NOK-10M or -40.8%). In February 2024, the increase in Norway's year-by-year imports from Italy was explained primarily by an increase in product imports in General industrial machinery and equipment, n.e.s.,... (NOK167M or 75.9%), Inorganic chemicals (NOK55.7M or 1.84k%), and Machinery specialized for particular industries (NOK38.6M or 45.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-848M(-33.1%)

IMPORT GROWTH (February 2023 - February 2024)NOK306M(12.4%)

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $7.27B to Italy. The main products exported from Norway to Italy were Petroleum Gas ($5.78B), Non-fillet Fresh Fish ($576M), and Crude Petroleum ($278M). During the last 27 years the exports of Norway to Italy have increased at an annualized rate of 7.01%, from $1.17B in 1995 to $7.27B in 2022.

In 2022, Italy exported $2.25B to Norway. The main products exported from Italy to Norway were Valves ($149M), Wine ($120M), and Packaged Medicaments ($42M). During the last 27 years the exports of Italy to Norway have increased at an annualized rate of 2.92%, from $1.04B in 1995 to $2.25B in 2022.

Exports from Norway () to Italy () (2022)

Exports from Italy () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Italy
Top DestinationGermany$78.5B

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 United Kingdom ($59.1B), Sweden ($17.7B), and Finland ($6.36B).

In 2021, countries that imported more from Italy than Norway were United States ($68.2B), France ($63.8B), and Spain ($32.8B).

Difference in imports from Italy () and Norway () (2022)

Comparative Advantage Norway - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Italy in the exports of Mineral Products ($6.08B), Animal Products ($629M), and Metals ($199M).

During 2022, Italy had a large net trade with Norway in the exports of Machines ($758M), Foodstuffs ($276M), and Metals ($260M).

Service Trade

Bilateral Service Trade

Ita Year

Nor 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.

Services Exports from Norway () to Italy () (2009)

Services Exports from Italy () to Norway () (2020)

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

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Norway () to Italy () (2022)

Exports from Italy () to Norway () (2022)

Market Competitiveness

Difference in imports from Italy () and Norway () (2022)

Comparative Advantage Norway - Italy

Service Trade

Bilateral Service Trade

Services Exports from Norway () to Italy () (2009)

Services Exports from Italy () to Norway () (2020)

Economic Complexity

Competitive Landscape

Product Space of Norway () and Italy () (2022)

Keep Exploring