Norway (NOR) and Sweden (SWE) Trade | The Observatory of Economic Complexity

About

Norway-Sweden In 2022, Norway exported $17.7B to Sweden. The main products that Norway exported to Sweden are Crude Petroleum ($8.93B), Refined Petroleum ($1.29B), and Electricity ($749M). During the last 27 years the exports of Norway to Sweden have increased at an annualized rate of 5.26%, from $4.43B in 1995 to $17.7B in 2022.

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 2022, Sweden exported $18.7B to Norway. The main products that Sweden exported to Norway were Refined Petroleum ($2.97B), Broadcasting Equipment ($679M), and Electricity ($545M). During the last 27 years the exports of Sweden to Norway have increased at an annualized rate of 4.46%, from $5.77B in 1995 to $18.7B in 2022.

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 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK10.8B and imported NOK9.76B from Sweden, resulting in a positive trade balance of NOK1.07B. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-597M (-5.22%) from NOK11.4B to NOK10.8B, while imports increased by NOK633M (6.94%) from NOK9.12B to NOK9.76B.

Trade In February 2024, the top exports of Norway to Sweden were Petroleum, petroleum products and related materials (NOK6.68B), Non-ferrous metals (NOK599M), Electric current (NOK465M), Fish (not marine mammals), crustaceans, molluscs... (NOK445M), and Road vehicles (including air-cushion vehicles) (NOK244M). In February 2024 the top imports of Norway from Sweden were Petroleum, petroleum products and related materials (NOK1.96B), Road vehicles (including air-cushion vehicles) (NOK770M), Electric current (NOK714M), Manufactures of metals, n.e.s. (NOK461M), and Miscellaneous manufactured articles, n.e.s. (NOK438M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Electric current (NOK-55.8M or -10.7%), Gas, natural and manufactured (NOK-49.2M or -19.5%), and Iron and steel (NOK-42.9M or -18.6%). In February 2024, 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 (NOK338M or 20.8%), Metalliferous ores and metal scrap (NOK148M or 101%), and Electric current (NOK141M or 24.6%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-597M(-5.22%)

IMPORT GROWTH (February 2023 - February 2024)NOK633M(6.94%)

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

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $17.7B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($8.93B), Refined Petroleum ($1.29B), and Electricity ($749M). During the last 27 years the exports of Norway to Sweden have increased at an annualized rate of 5.26%, from $4.43B in 1995 to $17.7B in 2022.

In 2022, Sweden exported $18.7B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($2.97B), Broadcasting Equipment ($679M), and Electricity ($545M). During the last 27 years the exports of Sweden to Norway have increased at an annualized rate of 4.46%, from $5.77B in 1995 to $18.7B in 2022.

Exports from Norway () to Sweden () (2022)

Exports from Sweden () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Sweden
Top DestinationGermany$19.2B

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

In 2021, countries that imported more from Sweden than Norway were United States ($17.8B), Denmark ($14.6B), and Finland ($13.4B).

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

Comparative Advantage Norway - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Sweden in the exports of Mineral Products ($11.5B), Metals ($1.36B), and Animal Products ($826M).

During 2022, Sweden had a large net trade with Norway in the exports of Mineral Products ($4.4B), Machines ($4.22B), and Metals ($1.47B).

Service Trade

Bilateral Service Trade

Swe Year

Nor Year

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.

Services Exports from Norway () to Sweden () (2009)

Services Exports from Sweden () 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 Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Norway () to Sweden () (2022)

Exports from Sweden () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Sweden

Service Trade

Bilateral Service Trade

Services Exports from Norway () to Sweden () (2009)

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

Economic Complexity

Competitive Landscape

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

Keep Exploring