2021
Flag  
GDP
$490BCURRENT US$
Rnk 26 / 204
2011-2021
Flag
GDP GROWTH
-2.21%CURRENT US$
Rnk 172 / 204
2021
Flag
 GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
Flag
GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 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
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 204

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).

Historical Data

Bilateral Trade by Products

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.

Exports from Norway (Flag) to Italy (Flag) (2021)

Exports from Italy (Flag) to Norway (Flag) (2021)

Market Competitiveness

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).

Difference in imports from Italy (Flag) and Norway (Flag) (2021)

Comparative Advantage Norway - Italy

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).

Service Trade

Bilateral Service Trade

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 (Flag) to Italy (Flag) (2009)

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

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

Product Space of Norway (Flag) and Italy (Flag) (2021)

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