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2022
Flag → Flag
Exports $1.23BRnk 19 / 209
2022
Flag → Flag
Top Product $319MFish Fillets
2022
Flag → Flag
Exports $1.36BRnk 45 / 211
2022
Flag → Flag
Top Product $510MCars
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 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$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 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$33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 186

About

Norway-Japan Trade: In 2022, Norway exported $1.23B to Japan. The main products that Norway exported to Japan were Fish Fillets ($319M), Non-fillet Frozen Fish ($144M), and Raw Nickel ($99.6M). Over the past 5 years the exports of Norway to Japan have decreased at an annualized rate of 3.52%, from $1.48B in 2017 to $1.23B in 2022.

In 2010, Norway exported services to Japan worth $999M, with Services not allocated ($498M), Transportation ($192M), and Other business services ($186M) being the largest in terms of value.

Japan-Norway Trade: In 2022, Japan exported $1.36B to Norway. The main products that Japan exported to Norway were Cars ($510M), Iron Pipes ($154M), and Delivery Trucks ($57.3M). Over the past 5 years the exports of Japan to Norway have increased at an annualized rate of 0.11%,  from $1.35B in 2017 to $1.36B in 2022.

In 2022, Japan did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Latest Trends

August, 2024

About

Overview In August 2024, Norway exported NOK648M and imported NOK1.37B from Japan, resulting in a negative trade balance of NOK719M. Between August 2023 and August 2024 the exports of Norway have decreased by NOK-67.2M (-9.39%) from NOK715M to NOK648M, while imports increased by NOK60.6M (4.64%) from NOK1.31B to NOK1.37B.

Trade In August 2024, the top exports of Norway to Japan were Fish (not marine mammals), crustaceans, molluscs... (NOK365M), Machinery specialized for particular industries (NOK217M), Non-ferrous metals (NOK93.5M), Miscellaneous edible products and preparations (NOK66.4M), and Pulp and waste paper (NOK49.1M). In August 2024 the top imports of Norway from Japan were Road vehicles (including air-cushion vehicles) (NOK568M), Iron and steel (NOK199M), Machinery specialized for particular industries (NOK114M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK63.1M), and Professional, scientific and controlling instruments and... (NOK53M).

Growth In August 2024, the decrease in Norway's year-by-year exports to Japan was explained primarily by an decrease in product exports in Inorganic chemicals (NOK-56.8M or -70.3%), Non-ferrous metals (NOK-11.8M or -11.2%), and Medicinal and pharmaceutical products (NOK-10.5M or -43.8%). In August 2024, the increase in Norway's year-by-year imports  from Japan was explained primarily by an increase in product imports  in Road vehicles (including air-cushion vehicles) (NOK252M or 79.5%), Inorganic chemicals (NOK24.7M or 88.4%), and Professional, scientific and controlling instruments and... (NOK22.1M or 71.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)NOK-67.2M(-9.39%)
IMPORT GROWTH (August 2023 - August 2024)NOK60.6M(4.64%)

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 Japan and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.23B to Japan. The main products exported from Norway to Japan were Fish Fillets ($319M), Non-fillet Frozen Fish ($144M), and Raw Nickel ($99.6M). During the last 5 years the exports of Norway to Japan have decreased at an annualized rate of 3.52%, from $1.48B in 2017 to $1.23B in 2022.

In 2017, Japan exported $1.36B to Norway. The main products exported from Japan to Norway were Cars ($510M), Iron Pipes ($154M), and Delivery Trucks ($57.3M). During the last 5 years the exports of Japan to Norway have increased at an annualized rate of 0.11%, from $1.35B in 2022 to $1.36B in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Japan
Top DestinationUnited States$137B

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

In 2022, countries that imported more from Norway than Japan included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Japan than Norway included United States ($137B), China ($135B), and Chinese Taipei ($50.1B).

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

Comparative Advantage Norway - Japan

Flow
Scale

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

During 2022, Norway had a large net trade with Japan in the exports of Animal Products ($555M), Chemical Products ($226M), and Metals ($182M).

During 2017, Japan had a large net trade with Norway in the exports of Transportation ($645M), Metals ($244M), and Machines ($238M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Japan+$38.4MRefined Petroleum
Top Product Potential Japan Norway+$166MCars

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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Economic Complexity

Competitive Landscape

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

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

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