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2022
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Exports $105MRnk 46 / 209
2022
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Top Product $61.4MCrude Petroleum
2022
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Exports $374MRnk 29 / 196
2022
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Top Product $173MOther Sea Vessels
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Norway-Romania Trade: In 2022, Norway exported $105M to Romania. The main products that Norway exported to Romania were Crude Petroleum ($61.4M), Non-fillet Fresh Fish ($16.6M), and Mixed Mineral or Chemical Fertilizers ($13M). Over the past 5 years the exports of Norway to Romania have increased at an annualized rate of 29.9%, from $28.3M in 2017 to $105M in 2022.

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

Romania-Norway Trade: In 2022, Romania exported $374M 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). Over the past 5 years the exports of Romania to Norway have increased at an annualized rate of 71%,  from $25.6M in 2017 to $374M 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 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

May, 2024

About

Overview In May 2024, Norway exported NOK758M and imported NOK1.28B from Romania, resulting in a negative trade balance of NOK518M. Between May 2023 and May 2024 the exports of Norway have increased by NOK53.8M (7.63%) from NOK705M to NOK758M, while imports increased by NOK910M (248%) from NOK367M to NOK1.28B.

Trade In May 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 May 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 May 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 May 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
Time Scale
Value
EXPORT GROWTH (May 2023 - May 2024)NOK53.8M(7.63%)
IMPORT GROWTH (May 2023 - May 2024)NOK910M(248%)

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.

For full datasets download visit Bulk Download page.

Explore Romania and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $105M 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 5 years the exports of Norway to Romania have increased at an annualized rate of 29.9%, from $28.3M in 2017 to $105M in 2022.

In 2017, Romania exported $374M 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 22 years the exports of Romania to Norway have increased at an annualized rate of 71%, from $25.6M in 1995 to $374M in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from Norway than Romania included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Romania than Norway included Hungary ($6.75B), Bulgaria ($3.9B), and Italy ($9.55B).

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

Comparative Advantage Norway - Romania

Flow
Scale

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 2017, Romania had a large net trade with Norway in the exports of Transportation ($277M), Machines ($107M), and Instruments ($40.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Romania+$69MCrude Petroleum
Top Product Potential Romania Norway+$12.1MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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