2022
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GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
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 GDP
$1.41TCURRENT US$
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2012-2022
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GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
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GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186

About

Norway-Mexico In 2022, Norway exported $76.1M to Mexico. The main products that Norway exported to Mexico are Fish: dried, salted, smoked or in brine ($14.3M), Raw Nickel ($10.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.87M). During the last 27 years the exports of Norway to Mexico have increased at an annualized rate of 4.23%, from $24.9M in 1995 to $76.1M in 2022.

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

Mexico-Norway In 2022, Mexico exported $583M to Norway. The main products that Mexico exported to Norway were Cars ($250M), Fish oil ($43.2M), and Iron Pipes ($35.5M). During the last 27 years the exports of Mexico to Norway have increased at an annualized rate of 11.6%, from $30M in 1995 to $583M in 2022.

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

Comparison In 2022,  Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $76.1M to Mexico. The main products exported from Norway to Mexico were Fish: dried, salted, smoked or in brine ($14.3M), Raw Nickel ($10.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.87M). During the last 27 years the exports of Norway to Mexico have increased at an annualized rate of 4.23%, from $24.9M in 1995 to $76.1M in 2022.

In 2022, Mexico exported $583M to Norway. The main products exported from Mexico to Norway were Cars ($250M), Fish oil ($43.2M), and Iron Pipes ($35.5M). During the last 27 years the exports of Mexico to Norway have increased at an annualized rate of 11.6%, from $30M in 1995 to $583M in 2022.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Mexico
Top Destination
United States$421B

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 2021, countries that imported more from Norway than Mexico were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Mexico than Norway were United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

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 2022, Norway had a large net trade with Mexico in the exports of Animal Products ($18.4M), Metals ($13.5M), and Machines ($13.5M).

During 2022, Mexico had a large net trade with Norway in the exports of Transportation ($279M), Machines ($127M), and Instruments ($60.4M).

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

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

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