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Flag Norway / Sweden Flag

2020
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Exports: $9.1B, Rnk 3 / 197

2020
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Top Product: $3.4B, Crude Petroleum

2020
Flag → Flag
Exports: $14.2B, Rnk 2 / 216

2020
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Top Product: $785M, Refined Petroleum

2020
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Economic Complexity (ECI): ECI 0.71, Rnk 36 / 127

2020
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Economic Complexity (ECI): ECI 1.59, Rnk 7 / 127

2020
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GDP: $362B, CURRENT US$
Rnk 32 / 204

2010-2020
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GDP GROWTH: -15.5%, CURRENT US$
Rnk 189 / 204

2020
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 GDP: $541B, CURRENT US$
Rnk 22 / 204

2010-2020
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GDP GROWTH: 9.21%, CURRENT US$
Rnk 143 / 204

2020
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GDP PC : $67,330, CURRENT US$
Rnk 7 / 204

2010-2020
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GDP PC GROWTH: -23.2%, CURRENT US$
Rnk 183 / 204

2020
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GDP PC: $52,300, CURRENT US$
Rnk 15 / 204

2010-2020
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GDP PC GROWTH: -1.08%, CURRENT US$
Rnk 147 / 204

About

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Norway-Sweden In 2020, Norway exported $9.1B to Sweden. The main products that Norway exported to Sweden are Crude Petroleum ($3.4B), Refined Petroleum ($409M), and Fish Fillets ($304M). During the last 25 years the exports of Norway to Sweden have increased at an annualized rate of 3.02%, from $4.33B in 1995 to $9.1B in 2020.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Sweden-Norway In 2020, Sweden exported $14.2B to Norway. The main products that Sweden exported to Norway were Refined Petroleum ($785M), Broadcasting Equipment ($538M), and Packaged Medicaments ($379M). During the last 25 years the exports of Sweden to Norway have increased at an annualized rate of 3.69%, from $5.75B in 1995 to $14.2B in 2020.

In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) being the largest in terms of value.

Comparison In 2020,  Norway ranked 36 in the Economic Complexity Index (ECI 0.71), and 38 in total exports ($86.2B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B).

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January, 2023

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Overview In January 2023, Norway exported NOK12.1B and imported NOK9.75B from Sweden, resulting in a positive trade balance of NOK2.31B. Between January 2022 and January 2023 the exports of Norway have increased by NOK1.05B (9.54%) from NOK11B to NOK12.1B, while imports increased by NOK1.44B (17.4%) from NOK8.31B to NOK9.75B.

Trade In January 2023, the top exports of Norway to Sweden were Petroleum, petroleum products and related materials (NOK6.16B), Non-ferrous metals (NOK575M), Electric current (NOK520M), Fish (not marine mammals), crustaceans, molluscs... (NOK339M), and Gas, natural and manufactured (NOK253M). In January 2023 the top imports of Norway from Sweden were Petroleum, petroleum products and related materials (NOK1.62B), Road vehicles (including air-cushion vehicles) (NOK638M), Electric current (NOK573M), Manufactures of metals, n.e.s. (NOK422M), and Miscellaneous manufactured articles, n.e.s. (NOK378M).

Growth In January 2023, the increase in Norway's year-by-year exports to Sweden was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK1.79B or 40.9%), Gas, natural and manufactured (NOK160M or 172%), and Non-ferrous metals (NOK153M or 36.4%). In January 2023, the increase in Norway's year-by-year imports  from Sweden was explained primarily by an increase in product imports  in Petroleum, petroleum products and related materials (NOK1.14B or 237%), Electric current (NOK471M or 463%), and Cork and wood (NOK83.8M or 31%).

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Flow
Time Scale
Value

EXPORT GROWTH (January 2022 - January 2023): NOK1.05B, (9.54%)

IMPORT GROWTH (January 2022 - January 2023): NOK1.44B, (17.4%)

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 Sweden and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and Norway Data

Go to Bulk Download

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Norway exported $9.1B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($3.4B), Refined Petroleum ($409M), and Fish Fillets ($304M). During the last 25 years the exports of Norway to Sweden have increased at an annualized rate of 3.02%, from $4.33B in 1995 to $9.1B in 2020.

In 2020, Sweden exported $14.2B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($785M), Broadcasting Equipment ($538M), and Packaged Medicaments ($379M). During the last 25 years the exports of Sweden to Norway have increased at an annualized rate of 3.69%, from $5.75B in 1995 to $14.2B in 2020.

Market Competitiveness

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Measure

Norway
Top Destination: United Kingdom, $14B

Sweden
Top Destination: Germany, $15.9B

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

In 2019, countries that imported more from Norway than Sweden were United Kingdom ($14B), Nigeria ($769M), and Iceland ($490M).

In 2019, countries that imported more from Sweden than Norway were United States ($12.7B), Denmark ($11.6B), and Finland ($9.44B).

Comparative Advantage Norway - Sweden

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Flow
Scale

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

During 2020, Norway had a large net trade with Sweden in the exports of Mineral Products ($4.24B), Metals ($873M), and Animal Products ($759M).

During 2020, Sweden had a large net trade with Norway in the exports of Machines ($3.8B), Chemical Products ($1.31B), and Metals ($1.2B).

Service Trade

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Bilateral Service Trade

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In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) 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 yellow.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over Norway.

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