Norway (NOR) and Romania (ROU) Trade | The Observatory of Economic Complexity

About

Norway-Romania In 2022, Norway exported $213M to Romania. The main products that Norway exported to Romania are Crude Petroleum ($61.4M), Non-fillet Fresh Fish ($16.6M), and Mixed Mineral or Chemical Fertilizers ($13M). During the last 27 years the exports of Norway to Romania have increased at an annualized rate of 7.77%, from $28.3M in 1995 to $213M in 2022.

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

Romania-Norway In 2022, Romania exported $559M to Norway. The main products that Romania exported to Norway were Other Sea Vessels ($173M), Passenger and Cargo Ships ($91.7M), and Medical Instruments ($30.6M). During the last 27 years the exports of Romania to Norway have increased at an annualized rate of 12.1%, from $25.6M in 1995 to $559M in 2022.

In 2020, Romania exported services to Norway worth $126M, with Computer and information services ($52.7M), Other business services ($34.7M), and Travel ($21.9M) being the largest in terms of value.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Romania ranked 22 in the Economic Complexity Index (ECI 1.05), and 43 in total exports ($99.5B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK784M and imported NOK365M from Romania, resulting in a positive trade balance of NOK419M. Between February 2023 and February 2024 the exports of Norway have increased by NOK628M (404%) from NOK156M to NOK784M, while imports increased by NOK78.7M (27.5%) from NOK286M to NOK365M.

Trade In February 2024, the top exports of Norway to Romania were Non-ferrous metals (NOK19.4M), Fish (not marine mammals), crustaceans, molluscs... (NOK17.8M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK14.4M), General industrial machinery and equipment, n.e.s.,... (NOK13.8M), and Office machines and automatic data-processing machines (NOK12.7M). In February 2024 the top imports of Norway from Romania were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK74.7M), Manufactures of metals, n.e.s. (NOK38.8M), General industrial machinery and equipment, n.e.s.,... (NOK23.7M), Articles of apparel and clothing accessories (NOK22.5M), and Prefabricated buildings; sanitary, plumbing, heating and... (NOK17.3M).

Growth In February 2024, the increase in Norway's year-by-year exports to Romania was explained primarily by an increase in product exports in Non-ferrous metals (NOK19.3M or 138k%), Iron and steel (NOK7.86M or 720%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK7.22M or 101%). In February 2024, the increase in Norway's year-by-year imports from Romania was explained primarily by an increase in product imports in Manufactures of metals, n.e.s. (NOK18.6M or 91.7%), Prefabricated buildings; sanitary, plumbing, heating and... (NOK13.5M or 360%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK12.3M or 19.7%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK628M(404%)

IMPORT GROWTH (February 2023 - February 2024)NOK78.7M(27.5%)

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 Romania and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $213M to Romania. The main products exported from Norway to Romania were Crude Petroleum ($61.4M), Non-fillet Fresh Fish ($16.6M), and Mixed Mineral or Chemical Fertilizers ($13M). During the last 27 years the exports of Norway to Romania have increased at an annualized rate of 7.77%, from $28.3M in 1995 to $213M in 2022.

In 2022, Romania exported $559M to Norway. The main products exported from Romania to Norway were Other Sea Vessels ($173M), Passenger and Cargo Ships ($91.7M), and Medical Instruments ($30.6M). During the last 27 years the exports of Romania to Norway have increased at an annualized rate of 12.1%, from $25.6M in 1995 to $559M in 2022.

Exports from Norway () to Romania () (2022)

Exports from Romania () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Romania
Top DestinationGermany$18.8B

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

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

In 2021, countries that imported more from Romania than Norway were Hungary ($6.75B), Bulgaria ($3.9B), and Italy ($9.55B).

Difference in imports from Romania () and Norway () (2022)

Comparative Advantage Norway - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Romania in the exports of Mineral Products ($61.6M), Machines ($56.3M), and Animal Products ($25.5M).

During 2022, Romania had a large net trade with Norway in the exports of Transportation ($277M), Machines ($107M), and Instruments ($40.1M).

Service Trade

Bilateral Service Trade

Rou Year

In 2020, Romania exported services to Norway worth $126M, with Computer and information services ($52.7M), Other business services ($34.7M), and Travel ($21.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania () to Norway () (2020)

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Romania () (2022)

Exports from Romania () to Norway () (2022)

Market Competitiveness

Difference in imports from Romania () and Norway () (2022)

Comparative Advantage Norway - Romania

Service Trade

Bilateral Service Trade

Services Exports from Romania () to Norway () (2020)

Economic Complexity

Competitive Landscape

Product Space of Norway () and Romania () (2022)

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