Flag Norway / Russia Flag

2019
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Exports
: $405M, Rnk 30 / 208

2019
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Top Product
: $42.2M, Animal Food

2019
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Exports
: $3.08B, Rnk 31 / 197

2019
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Top Product
: $1.61B, Petroleum Gas

2019
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Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

2019
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Economic Complexity (ECI)
: ECI 0.58, Rnk 45 / 146

2019
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GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
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 GDP
: $1.7T, CURRENT US$
Rnk 11 / 187

2009-2019
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GDP GROWTH
: 39%, CURRENT US$
Rnk 113 / 187

2019
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GDP PC 
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

2019
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GDP PC
: $11,585, CURRENT US$
Rnk 65 / 187

2009-2019
Flag
GDP PC GROWTH
: 35.3%, CURRENT US$
Rnk 81 / 187

Norway-Russia In 2019, Norway exported $405M to Russia. The main products that Norway exported to Russia are Animal Food ($42.2M), Electric Generating Sets ($40.7M), and Industrial Food Preperation Machinery ($22.8M). During the last 24 years the exports of Norway to Russia have increased at an annualized rate of 3.62%, from $173M in 1995 to $405M in 2019.

In 2010, Norway exported services to Russia worth $641M, with Services not allocated ($321M), Other business services ($150M), and Transportation ($80.2M) being the largest in terms of value.

Russia-Norway In 2019, Russia exported $3.08B to Norway . The main products that Russia exported to Norway were Petroleum Gas ($1.61B), Refined Petroleum ($347M), and Raw Aluminium ($166M). During the last 24 years the exports of Russia to Norway have increased at an annualized rate of 7.34%, from $563M in 1995 to $3.08B in 2019.

In 2018, Russia exported services to Norway worth $167M, with Other business services ($43.6M), Travel ($38.5M), and Transportation ($35.8M) being the largest in terms of value.

Comparison In 2019,  Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.58), and 13 in total exports ($407B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Norway exported $405M to Russia. The main products exported from Norway to Russia were Animal Food ($42.2M), Electric Generating Sets ($40.7M), and Industrial Food Preperation Machinery ($22.8M). During the last 24 years the exports of Norway to Russia have increased at an annualized rate of 3.62%, from $173M in 1995 to $405M in 2019.

In 2019, Russia exported $3.08B to Norway. The main products exported from Russia to Norway were Petroleum Gas ($1.61B), Refined Petroleum ($347M), and Raw Aluminium ($166M). During the last 24 years the exports of Russia to Norway have increased at an annualized rate of 7.34%, from $563M in 1995 to $3.08B in 2019.

Norway Exports

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Russia Exports

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Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $20B

Russia
Top Destination
: China, $58.1B

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

In 2019, countries that imported more from Norway than Russia were United Kingdom ($20B), Sweden ($10.1B), and France ($6.58B).

In 2019, countries that imported more from Russia than Norway were China ($58.1B), Netherlands ($41.7B), and Belarus ($20.5B).

Comparative Advantage Norway - Russia

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Depth

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

During 2019, Norway had a large net trade with Russia in the exports of Machines ($140M), Metals ($49.4M), and Foodstuffs ($45M).

During 2019, Russia had a large net trade with Norway in the exports of Mineral Products ($2.25B), Metals ($299M), and Animal and Vegetable Bi-Products ($184M).

Tariff Section

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This section shows import tariffs for products traded between Norway and Russia (using the HS6 product classification and the last year reported).

In 2018, the products from Norway that paid the highest import tariffs to enter Russia were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

In 2018, the products from Russia that paid the highest import tariffs to enter Norway were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

*The tariffs present between Norway and Russia are:
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

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In 2010, Norway exported services to Russia worth $641M, with Services not allocated ($321M), Other business services ($150M), and Transportation ($80.2M) being the largest in terms of value.

In 2018, Russia exported services to Norway worth $167M, with Other business services ($43.6M), Travel ($38.5M), and Transportation ($35.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Russia. Similarly, the more red a dot/product is, the more Russia has comparative advantage over Norway.