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2023
Flag → Flag
Exports $49.1MRnk 70 / 205
2023
Flag → Flag
Top Product $6.76MNon-Iron and Steel Slag, Ash and Residues
2023
Flag → Flag
Exports $201MRnk 32 / 199
2023
Flag → Flag
Top Product $37.4MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 1.48Rnk 12 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
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GDP GROWTH44.5%CURRENT US$
Rnk 88 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$32,610CURRENT US$
Rnk 43 / 196
2013-2023
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GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195

About

Norway-Slovenia Trade: In 2023, Norway exported $49.1M to Slovenia. The main products that Norway exported to Slovenia were Non-Iron and Steel Slag, Ash and Residues ($6.76M), Raw Aluminium ($4.34M), and Fish Fillets ($4.24M). Over the past 5 years the exports of Norway to Slovenia have increased at an annualized rate of 3.11%, from $42.1M in 2018 to $49.1M in 2023.

In 2009, Norway exported services to Slovenia worth $8.15M, with Travel ($8.15M) being the largest in terms of value.

Slovenia-Norway Trade: In 2023, Slovenia exported $201M to Norway. The main products that Slovenia exported to Norway were Packaged Medicaments ($37.4M), Aluminium Bars ($21.1M), and Electrical Transformers ($16.2M). Over the past 5 years the exports of Slovenia to Norway have increased at an annualized rate of 3.34%,  from $171M in 2018 to $201M in 2023.

In 2020, Slovenia exported services to Norway worth $9.59M, with Transportation ($2.06M), Computer and information services ($1.94M), and Communications services ($1.6M) being the largest in terms of value.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK31M and imported NOK150M from Slovenia, resulting in a negative trade balance of NOK119M. Between December 2023 and December 2024 the exports of Norway have increased by NOK11.6M (59.7%) from NOK19.4M to NOK31M, while imports decreased by NOK-41M (-21.4%) from NOK192M to NOK150M.

Trade In December 2024, the top exports of Norway to Slovenia were Non-ferrous metals (NOK10.6M), Other transport equipment (NOK6.25M), Road vehicles (including air-cushion vehicles) (NOK5.48M), Medicinal and pharmaceutical products (NOK3.24M), and Machinery specialized for particular industries (NOK2.11M). In December 2024 the top imports of Norway from Slovenia were Medicinal and pharmaceutical products (NOK56.1M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK37.2M), Non-ferrous metals (NOK18.7M), General industrial machinery and equipment, n.e.s.,... (NOK16.5M), and Power-generating machinery and equipment (NOK9.63M).

Growth In December 2024, the increase in Norway's year-by-year exports to Slovenia was explained primarily by an increase in product exports in Non-ferrous metals (NOK9.83M or 1.28k%), Machinery specialized for particular industries (NOK1.9M or 878%), and Medicinal and pharmaceutical products (NOK1.55M or 91.3%). In December 2024, the decrease in Norway's year-by-year imports  from Slovenia was explained primarily by an decrease in product imports  in Road vehicles (including air-cushion vehicles) (NOK-13.3M or -73.2%), Machinery specialized for particular industries (NOK-7.95M or -61%), and Rubber manufactures, n.e.s. (NOK-1.92M or -49.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK11.6M(59.7%)
IMPORT GROWTH (December 2023 - December 2024)NOK-41M(-21.4%)

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 Slovenia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovenia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $49.1M to Slovenia. The main products exported from Norway to Slovenia were Non-Iron and Steel Slag, Ash and Residues ($6.76M), Raw Aluminium ($4.34M), and Fish Fillets ($4.24M). During the last 5 years the exports of Norway to Slovenia have increased at an annualized rate of 3.11%, from $42.1M in 2018 to $49.1M in 2023.

In 2018, Slovenia exported $201M to Norway. The main products exported from Slovenia to Norway were Packaged Medicaments ($37.4M), Aluminium Bars ($21.1M), and Electrical Transformers ($16.2M). During the last 5 years the exports of Slovenia to Norway have increased at an annualized rate of 3.34%, from $171M in 2023 to $201M in 2018.

Exports from Norway (Flag) to Slovenia (Flag) (2023)

Exports from Slovenia (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Slovenia
Top DestinationSwitzerland$13.5B

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

In 2023, countries that imported more from Norway than Slovenia included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

In 2023, countries that imported more from Slovenia than Norway included Switzerland ($13.5B), Croatia ($4.85B), and Austria ($3.38B).

Difference in imports from Slovenia (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - Slovenia

Flow
Scale

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

During 2023, Norway had a large net trade with Slovenia in the exports of Chemical Products ($9.03M), Animal Products ($8.61M), and Mineral Products ($7.98M).

During 2018, Slovenia had a large net trade with Norway in the exports of Machines ($76.3M), Chemical Products ($44.9M), and Metals ($27.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Slovenia+$4.06MRaw Aluminium
Top Product Potential Slovenia Norway+$16.6MPackaged Medicaments

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 Slovenia worth $8.15M, with Travel ($8.15M) being the largest in terms of value.

In 2020, Slovenia exported services to Norway worth $9.59M, with Transportation ($2.06M), Computer and information services ($1.94M), and Communications services ($1.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Norway (Flag) and Slovenia (Flag) (2023)

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