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2023
Flag → Flag
Exports $502MRnk 28 / 205
2023
Flag → Flag
Top Product $234MNon-fillet Fresh Fish
2023
Flag → Flag
Exports $584MRnk 46 / 216
2023
Flag → Flag
Top Product $114MIron Structures
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Norway-Thailand Trade: In 2023, Norway exported $502M to Thailand. The main products that Norway exported to Thailand were Non-fillet Fresh Fish ($234M), Mixed Mineral or Chemical Fertilizers ($96.4M), and Non-fillet Frozen Fish ($48M). Over the past 5 years the exports of Norway to Thailand have increased at an annualized rate of 5.66%, from $381M in 2018 to $502M in 2023.

In 2023, Norway did not export any services to Thailand.

Thailand-Norway Trade: In 2023, Thailand exported $584M to Norway. The main products that Thailand exported to Norway were Iron Structures ($114M), Air Conditioners ($58.7M), and Delivery Trucks ($45.3M). Over the past 5 years the exports of Thailand to Norway have increased at an annualized rate of 6.36%,  from $429M in 2018 to $584M in 2023.

In 2023, Thailand did not export any services to Norway.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK432M and imported NOK1.02B from Thailand, resulting in a negative trade balance of NOK592M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-166M (-27.7%) from NOK598M to NOK432M, while imports increased by NOK599M (141%) from NOK425M to NOK1.02B.

Trade In December 2024, the top exports of Norway to Thailand were Fish (not marine mammals), crustaceans, molluscs... (NOK270M), Chemical materials and products, n.e.s. (NOK187M), Pulp and waste paper (NOK22.4M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK22.2M), and Iron and steel (NOK10.2M). In December 2024 the top imports of Norway from Thailand were Telecommunications and sound-recording and reproducing apparatus... (NOK51M), Road vehicles (including air-cushion vehicles) (NOK38.3M), Office machines and automatic data-processing machines (NOK28.4M), Miscellaneous manufactured articles, n.e.s. (NOK26.5M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK21.7M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Power-generating machinery and equipment (NOK-14.5M or -89.9%), Non-ferrous metals (NOK-6.76M or -100%), and Furniture, and parts thereof; bedding, mattresses,... (NOK-1.54M or -17.2%). In December 2024, the increase in Norway's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Telecommunications and sound-recording and reproducing apparatus... (NOK7.52M or 17.3%), Miscellaneous manufactured articles, n.e.s. (NOK5.33M or 25.1%), and Iron and steel (NOK4.77M or 1.57k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-166M(-27.7%)
IMPORT GROWTH (December 2023 - December 2024)NOK599M(141%)

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 Thailand and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $502M to Thailand. The main products exported from Norway to Thailand were Non-fillet Fresh Fish ($234M), Mixed Mineral or Chemical Fertilizers ($96.4M), and Non-fillet Frozen Fish ($48M). During the last 5 years the exports of Norway to Thailand have increased at an annualized rate of 5.66%, from $381M in 2018 to $502M in 2023.

In 2018, Thailand exported $584M to Norway. The main products exported from Thailand to Norway were Iron Structures ($114M), Air Conditioners ($58.7M), and Delivery Trucks ($45.3M). During the last 5 years the exports of Thailand to Norway have increased at an annualized rate of 6.36%, from $429M in 2023 to $584M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Norway included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Norway - Thailand

Flow
Scale

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

During 2023, Norway had a large net trade with Thailand in the exports of Animal Products ($298M), Chemical Products ($110M), and Metals ($21.7M).

During 2018, Thailand had a large net trade with Norway in the exports of Machines ($208M), Metals ($122M), and Transportation ($70.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Thailand+$8.98MFish Fillets
Top Product Potential Thailand Norway+$23.2MTelephones

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and Thailand. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Norway.

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

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