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2023
Flag → Flag
Exports $65.8MRnk 65 / 205
2023
Flag → Flag
Top Product $9.99MDried/Salted/Smoked/Brined Fish
2023
Flag → Flag
Exports $649MRnk 39 / 158
2023
Flag → Flag
Top Product $217MCars
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Norway-Mexico Trade: In 2023, Norway exported $65.8M to Mexico. The main products that Norway exported to Mexico were Dried/Salted/Smoked/Brined Fish ($9.99M), Motor vehicles; parts and accessories (8701 to 8705) ($7.55M), and Dissolving Grades Chemical Woodpulp ($4.08M). Over the past 5 years the exports of Norway to Mexico have decreased at an annualized rate of 11.7%, from $122M in 2018 to $65.8M in 2023.

In 2023, Norway did not export any services to Mexico.

Mexico-Norway Trade: In 2023, Mexico exported $649M to Norway. The main products that Mexico exported to Norway were Cars ($217M), Fish Oil ($98.9M), and Iron Pipes ($59.9M). Over the past 5 years the exports of Mexico to Norway have increased at an annualized rate of 18.5%,  from $277M in 2018 to $649M in 2023.

In 2023, Mexico did not export any services to Norway.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK102M and imported NOK415M from Mexico, resulting in a negative trade balance of NOK313M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-83.2M (-44.9%) from NOK185M to NOK102M, while imports decreased by NOK-401M (-49.1%) from NOK815M to NOK415M.

Trade In December 2024, the top exports of Norway to Mexico were Chemical materials and products, n.e.s. (NOK88.8M), Non-ferrous metals (NOK20.3M), Plastics in primary forms (NOK8.52M), Essential oils and resinoids and perfume... (NOK5.9M), and Pulp and waste paper (NOK4.99M). In December 2024 the top imports of Norway from Mexico were Road vehicles (including air-cushion vehicles) (NOK97.9M), Animal oils and fats (NOK72.6M), Chemical materials and products, n.e.s. (NOK36.4M), Professional, scientific and controlling instruments and... (NOK34.7M), and General industrial machinery and equipment, n.e.s.,... (NOK33.4M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Machinery specialized for particular industries (NOK-7.49M or -74.4%), Plastics in primary forms (NOK-7.13M or -45.5%), and Inorganic chemicals (NOK-4.24M or -92.6%). In December 2024, the decrease in Norway's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Iron and steel (NOK-119M or -97.7%), Office machines and automatic data-processing machines (NOK-18.1M or -79.7%), and Power-generating machinery and equipment (NOK-10.2M or -77.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-83.2M(-44.9%)
IMPORT GROWTH (December 2023 - December 2024)NOK-401M(-49.1%)

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 Mexico and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $65.8M to Mexico. The main products exported from Norway to Mexico were Dried/Salted/Smoked/Brined Fish ($9.99M), Motor vehicles; parts and accessories (8701 to 8705) ($7.55M), and Dissolving Grades Chemical Woodpulp ($4.08M). During the last 5 years the exports of Norway to Mexico have decreased at an annualized rate of 11.7%, from $122M in 2018 to $65.8M in 2023.

In 2018, Mexico exported $649M to Norway. The main products exported from Mexico to Norway were Cars ($217M), Fish Oil ($98.9M), and Iron Pipes ($59.9M). During the last 5 years the exports of Mexico to Norway have increased at an annualized rate of 18.5%, from $277M in 2023 to $649M in 2018.

Exports from Norway (Flag) to Mexico (Flag) (2023)

Exports from Mexico (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Norway than Mexico included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

In 2023, countries that imported more from Mexico than Norway included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Mexico

Flow
Scale

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

During 2023, Norway had a large net trade with Mexico in the exports of Machines ($12.8M), Animal Products ($12M), and Chemical Products ($9.48M).

During 2018, Mexico had a large net trade with Norway in the exports of Transportation ($254M), Machines ($131M), and Animal and Vegetable Bi-Products ($98.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Mexico+$12.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Norway+$131MCars

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 Mexico. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Mexico (Flag) (2023)

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