2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 186

About

Norway-Portugal Trade: In 2022, Norway exported $606M to Portugal. The main products that Norway exported to Portugal were Fish: dried, salted, smoked or in brine ($318M), Raw Aluminium ($133M), and Non-fillet Fresh Fish ($95.1M). Over the past 5 years the exports of Norway to Portugal have increased at an annualized rate of 8.38%, from $405M in 2017 to $606M in 2022.

In 2009, Norway exported services to Portugal worth $108M, with Financial services ($41.6M), Travel ($24.3M), and Transportation ($18.1M) being the largest in terms of value.

Portugal-Norway Trade: In 2022, Portugal exported $268M to Norway. The main products that Portugal exported to Norway were Zinc Ore ($118M), Raw Iron Bars ($29.7M), and Leather Footwear ($18.1M). Over the past 5 years the exports of Portugal to Norway have decreased at an annualized rate of 0.28%,  from $271M in 2017 to $268M in 2022.

In 2020, Portugal exported services to Norway worth $35.4M, with Travel ($35.4M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $606M to Portugal. The main products exported from Norway to Portugal were Fish: dried, salted, smoked or in brine ($318M), Raw Aluminium ($133M), and Non-fillet Fresh Fish ($95.1M). During the last 5 years the exports of Norway to Portugal have increased at an annualized rate of 8.38%, from $405M in 2017 to $606M in 2022.

In 2017, Portugal exported $268M to Norway. The main products exported from Portugal to Norway were Zinc Ore ($118M), Raw Iron Bars ($29.7M), and Leather Footwear ($18.1M). During the last 22 years the exports of Portugal to Norway have decreased at an annualized rate of 0.28%, from $271M in 1995 to $268M in 2017.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Portugal
Top Destination
Spain$20.5B

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

In 2022, countries that imported more from Norway than Portugal included Germany ($78.1B), United Kingdom ($59.1B), and Belgium ($20.3B).

In 2022, countries that imported more from Portugal than Norway included Spain ($20.5B), Angola ($1.59B), and Morocco ($897M).

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

Comparative Advantage Norway - Portugal

Flow
Scale

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

During 2022, Norway had a large net trade with Portugal in the exports of Animal Products ($430M), Metals ($142M), and Mineral Products ($104M).

During 2017, Portugal had a large net trade with Norway in the exports of Mineral Products ($118M), Metals ($64.5M), and Textiles ($33.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Portugal+$80.6MCrude Petroleum
Top Product Potential Portugal Norway+$4.96MInsulated Wire

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 Portugal worth $108M, with Financial services ($41.6M), Travel ($24.3M), and Transportation ($18.1M) being the largest in terms of value.

In 2020, Portugal exported services to Norway worth $35.4M, with Travel ($35.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Portugal (Flag) (2009)

Services Exports from Portugal (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 Portugal. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Norway.

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

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