Norway (NOR) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

About

Norway-New Zealand In 2022, Norway exported $61.9M to New Zealand. The main products that Norway exported to New Zealand are Mixed Mineral or Chemical Fertilizers ($10.8M), Processed Crustaceans ($4.65M), and Delivery Trucks ($3.35M). During the last 27 years the exports of Norway to New Zealand have increased at an annualized rate of 2.04%, from $35.9M in 1995 to $61.9M in 2022.

In 2009, Norway exported services to New Zealand worth $36.9M, with Transportation ($14.9M), Financial services ($9.75M), and Travel ($7.35M) being the largest in terms of value.

New Zealand-Norway In 2022, New Zealand exported $55.1M to Norway. The main products that New Zealand exported to Norway were Raw Aluminium ($10.7M), Other Fruits ($6.26M), and Packaged Medicaments ($5M). During the last 27 years the exports of New Zealand to Norway have increased at an annualized rate of 5.38%, from $13.4M in 1995 to $55.1M in 2022.

In 2022, New Zealand 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, New Zealand ranked 44 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK29.9M and imported NOK33.8M from New Zealand, resulting in a negative trade balance of NOK3.85M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-2.05M (-6.4%) from NOK32M to NOK29.9M, while imports increased by NOK5.23M (18.3%) from NOK28.6M to NOK33.8M.

Trade In February 2024, the top exports of Norway to New Zealand were Fish (not marine mammals), crustaceans, molluscs... (NOK8.35M), Animal or vegetable fats and oils,... (NOK5.17M), Chemical materials and products, n.e.s. (NOK2.92M), Professional, scientific and controlling instruments and... (NOK2.31M), and General industrial machinery and equipment, n.e.s.,... (NOK1.52M). In February 2024 the top imports of Norway from New Zealand were Beverages (NOK6.09M), Professional, scientific and controlling instruments and... (NOK2.73M), Crude animal and vegetable materials, n.e.s. (NOK2.66M), Meat and meat preparations (NOK2.16M), and Vegetables and fruit (NOK1M).

Growth In February 2024, the decrease in Norway's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-21.5M or -88%), Road vehicles (including air-cushion vehicles) (NOK-7.59M or -98.8%), and Machinery specialized for particular industries (NOK-3.91M or -89.2%). In February 2024, the increase in Norway's year-by-year imports from New Zealand was explained primarily by an increase in product imports in Beverages (NOK5.26M or 631%), Crude animal and vegetable materials, n.e.s. (NOK2.5M or 1.53k%), and Miscellaneous edible products and preparations (NOK539k or 5.39k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-2.05M(-6.4%)

IMPORT GROWTH (February 2023 - February 2024)NOK5.23M(18.3%)

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 New Zealand and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Norway Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $61.9M to New Zealand. The main products exported from Norway to New Zealand were Mixed Mineral or Chemical Fertilizers ($10.8M), Processed Crustaceans ($4.65M), and Delivery Trucks ($3.35M). During the last 27 years the exports of Norway to New Zealand have increased at an annualized rate of 2.04%, from $35.9M in 1995 to $61.9M in 2022.

In 2022, New Zealand exported $55.1M to Norway. The main products exported from New Zealand to Norway were Raw Aluminium ($10.7M), Other Fruits ($6.26M), and Packaged Medicaments ($5M). During the last 27 years the exports of New Zealand to Norway have increased at an annualized rate of 5.38%, from $13.4M in 1995 to $55.1M in 2022.

Exports from Norway () to New Zealand () (2022)

Exports from New Zealand () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

New Zealand
Top DestinationChina$13.1B

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

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

In 2021, countries that imported more from New Zealand than Norway were China ($13.1B), Australia ($5.35B), and Japan ($2.75B).

Difference in imports from New Zealand () and Norway () (2022)

Comparative Advantage Norway - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with New Zealand in the exports of Chemical Products ($18.6M), Machines ($10.2M), and Transportation ($7.15M).

During 2022, New Zealand had a large net trade with Norway in the exports of Metals ($12.1M), Vegetable Products ($11M), and Instruments ($7.13M).

Service Trade

Bilateral Service Trade

Nor Year

In 2009, Norway exported services to New Zealand worth $36.9M, with Transportation ($14.9M), Financial services ($9.75M), and Travel ($7.35M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway () to New Zealand () (2009)

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Norway () to New Zealand () (2022)

Exports from New Zealand () to Norway () (2022)

Market Competitiveness

Difference in imports from New Zealand () and Norway () (2022)

Comparative Advantage Norway - New Zealand

Service Trade

Bilateral Service Trade

Services Exports from Norway () to New Zealand () (2009)

Economic Complexity

Competitive Landscape

Product Space of Norway () and New Zealand () (2022)

Keep Exploring