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2022
Flag → Flag
Exports $1.63BRnk 7 / 209
2022
Flag → Flag
Top Product $5.78BPetroleum Gas
2022
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Exports $2.01BRnk 47 / 221
2022
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Top Product $149MValves
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 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$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Norway-Italy Trade: In 2022, Norway exported $1.63B to Italy. The main products that Norway exported to Italy were Petroleum Gas ($5.78B), Non-fillet Fresh Fish ($576M), and Crude Petroleum ($278M). Over the past 5 years the exports of Norway to Italy have increased at an annualized rate of 6.93%, from $1.17B in 2017 to $1.63B 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 Trade: In 2022, Italy exported $2.01B to Norway. The main products that Italy exported to Norway were Valves ($149M), Wine ($120M), and Packaged Medicaments ($42M). Over the past 5 years the exports of Italy to Norway have increased at an annualized rate of 14.1%,  from $1.04B in 2017 to $2.01B 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 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

May, 2024

About

Overview In May 2024, Norway exported NOK4.28B and imported NOK2.95B from Italy, resulting in a positive trade balance of NOK1.33B. Between May 2023 and May 2024 the exports of Norway have increased by NOK1.96B (84.2%) from NOK2.32B to NOK4.28B, while imports increased by NOK61.6M (2.13%) from NOK2.89B to NOK2.95B.

Trade In May 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 May 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 May 2024, the increase in Norway's year-by-year exports to Italy was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK128M or 28.3%), Petroleum, petroleum products and related materials (NOK115M or 26.1%), and Power-generating machinery and equipment (NOK36.1M or 215%). In May 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
Time Scale
Value
EXPORT GROWTH (May 2023 - May 2024)NOK1.96B(84.2%)
IMPORT GROWTH (May 2023 - May 2024)NOK61.6M(2.13%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.63B 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 5 years the exports of Norway to Italy have increased at an annualized rate of 6.93%, from $1.17B in 2017 to $1.63B in 2022.

In 2017, Italy exported $2.01B to Norway. The main products exported from Italy to Norway were Valves ($149M), Wine ($120M), and Packaged Medicaments ($42M). During the last 22 years the exports of Italy to Norway have increased at an annualized rate of 14.1%, from $1.04B in 1995 to $2.01B in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from Norway than Italy included United Kingdom ($59.1B), Sweden ($17.7B), and Finland ($6.36B).

In 2022, countries that imported more from Italy than Norway included United States ($68.2B), France ($63.8B), and Spain ($32.8B).

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

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

During 2017, Italy had a large net trade with Norway in the exports of Machines ($758M), Foodstuffs ($276M), and Metals ($260M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Italy+$507MCrude Petroleum
Top Product Potential Italy Norway+$49.3MCars

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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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)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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