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2022
Flag → Flag
Exports $335MRnk 36 / 209
2022
Flag → Flag
Top Product $124MNon-fillet Fresh Fish
2022
Flag → Flag
Exports $52.2MRnk 69 / 191
2022
Flag → Flag
Top Product $4.69MNon-Iron and Steel Slag, Ash and Residues
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Norway-Ukraine Trade: In 2022, Norway exported $335M to Ukraine. The main products that Norway exported to Ukraine were Non-fillet Fresh Fish ($124M), Explosive Ammunition ($76.4M), and Non-fillet Frozen Fish ($27.5M). Over the past 5 years the exports of Norway to Ukraine have increased at an annualized rate of 11.9%, from $191M in 2017 to $335M in 2022.

In 2022, Norway did not export any services to Ukraine.

Ukraine-Norway Trade: In 2022, Ukraine exported $52.2M to Norway. The main products that Ukraine exported to Norway were Non-Iron and Steel Slag, Ash and Residues ($4.69M), Recreational Boats ($4.36M), and Ferroalloys ($3.42M). Over the past 5 years the exports of Ukraine to Norway have decreased at an annualized rate of 1.47%,  from $57.1M in 2017 to $52.2M in 2022.

In 2022, Ukraine did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK362M and imported NOK58.4M from Ukraine, resulting in a positive trade balance of NOK304M. Between October 2023 and October 2024 the exports of Norway have increased by NOK1.4M (0.39%) from NOK361M to NOK362M, while imports decreased by NOK-57.4M (-49.5%) from NOK116M to NOK58.4M.

Trade In October 2024, the top exports of Norway to Ukraine were Fish (not marine mammals), crustaceans, molluscs... (NOK178M), Road vehicles (including air-cushion vehicles) (NOK10.4M), Power-generating machinery and equipment (NOK2.62M), Organic chemicals (NOK1.37M), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK769k). In October 2024 the top imports of Norway from Ukraine were Miscellaneous manufactured articles, n.e.s. (NOK11.4M), Articles of apparel and clothing accessories (NOK5.74M), Footwear (NOK4.94M), Iron and steel (NOK4.73M), and General industrial machinery and equipment, n.e.s.,... (NOK3.61M).

Growth In October 2024, the increase in Norway's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Road vehicles (including air-cushion vehicles) (NOK2.41M or 30.1%), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK763k or 12.7k%), and Organic chemicals (NOK578k or 72.9%). In October 2024, the decrease in Norway's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Other transport equipment (NOK-9.3M or -81.1%), Medicinal and pharmaceutical products (NOK-1.92M or -100%), and Non-metallic mineral manufactures, n.e.s. (NOK-1.89M or -99.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK1.4M(0.39%)
IMPORT GROWTH (October 2023 - October 2024)NOK-57.4M(-49.5%)

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 Ukraine and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $335M to Ukraine. The main products exported from Norway to Ukraine were Non-fillet Fresh Fish ($124M), Explosive Ammunition ($76.4M), and Non-fillet Frozen Fish ($27.5M). During the last 5 years the exports of Norway to Ukraine have increased at an annualized rate of 11.9%, from $191M in 2017 to $335M in 2022.

In 2017, Ukraine exported $52.2M to Norway. The main products exported from Ukraine to Norway were Non-Iron and Steel Slag, Ash and Residues ($4.69M), Recreational Boats ($4.36M), and Ferroalloys ($3.42M). During the last 5 years the exports of Ukraine to Norway have decreased at an annualized rate of 1.47%, from $57.1M in 2022 to $52.2M in 2017.

Exports from Norway (Flag) to Ukraine (Flag) (2022)

Exports from Ukraine (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Norway than Ukraine included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Ukraine than Norway included Romania ($3.94B), Hungary ($2.28B), and Turkey ($3.02B).

Difference in imports from Ukraine (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Ukraine

Flow
Scale

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

During 2022, Norway had a large net trade with Ukraine in the exports of Animal Products ($175M), Weapons ($82.7M), and Metals ($21.1M).

During 2017, Ukraine had a large net trade with Norway in the exports of Machines ($7.74M), Textiles ($7.34M), and Transportation ($6.35M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Ukraine+$2.59MCars
Top Product Potential Ukraine Norway+$3.05MOther Furniture

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 Ukraine. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Ukraine (Flag) (2022)

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