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2023
Flag → Flag
Exports $305MRnk 39 / 205
2023
Flag → Flag
Top Product $109MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $923MRnk 37 / 142
2023
Flag → Flag
Top Product $260MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Norway-Vietnam Trade: In 2023, Norway exported $305M to Vietnam. The main products that Norway exported to Vietnam were Non-fillet Frozen Fish ($109M), Non-fillet Fresh Fish ($63.2M), and Fish Fillets ($25.8M). Over the past 5 years the exports of Norway to Vietnam have increased at an annualized rate of 1.2%, from $287M in 2018 to $305M in 2023.

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

Vietnam-Norway Trade: In 2023, Vietnam exported $923M to Norway. The main products that Vietnam exported to Norway were Broadcasting Equipment ($260M), Textile Footwear ($98.9M), and Leather Footwear ($52.4M). Over the past 5 years the exports of Vietnam to Norway have increased at an annualized rate of 9.81%,  from $578M in 2018 to $923M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK539M and imported NOK975M from Vietnam, resulting in a negative trade balance of NOK436M. Between December 2023 and December 2024 the exports of Norway have increased by NOK318M (144%) from NOK221M to NOK539M, while imports increased by NOK295M (43.4%) from NOK680M to NOK975M.

Trade In December 2024, the top exports of Norway to Vietnam were Fish (not marine mammals), crustaceans, molluscs... (NOK206M), Manufactures of metals, n.e.s. (NOK37.4M), Power-generating machinery and equipment (NOK25.6M), General industrial machinery and equipment, n.e.s.,... (NOK20.3M), and Machinery specialized for particular industries (NOK14.4M). In December 2024 the top imports of Norway from Vietnam were Telecommunications and sound-recording and reproducing apparatus... (NOK391M), Footwear (NOK132M), Articles of apparel and clothing accessories (NOK107M), Office machines and automatic data-processing machines (NOK42.4M), and Travel goods, handbags and similar containers (NOK38M).

Growth In December 2024, the increase in Norway's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK41.9M or 25.5%), Machinery specialized for particular industries (NOK13.5M or 1.55k%), and Power-generating machinery and equipment (NOK12.1M or 89.8%). In December 2024, the increase in Norway's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Telecommunications and sound-recording and reproducing apparatus... (NOK130M or 49.6%), Crude animal and vegetable materials, n.e.s. (NOK30.1M or 7.65k%), and Travel goods, handbags and similar containers (NOK11.7M or 44.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK318M(144%)
IMPORT GROWTH (December 2023 - December 2024)NOK295M(43.4%)

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 Vietnam and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $305M to Vietnam. The main products exported from Norway to Vietnam were Non-fillet Frozen Fish ($109M), Non-fillet Fresh Fish ($63.2M), and Fish Fillets ($25.8M). During the last 5 years the exports of Norway to Vietnam have increased at an annualized rate of 1.2%, from $287M in 2018 to $305M in 2023.

In 2018, Vietnam exported $923M to Norway. The main products exported from Vietnam to Norway were Broadcasting Equipment ($260M), Textile Footwear ($98.9M), and Leather Footwear ($52.4M). During the last 5 years the exports of Vietnam to Norway have increased at an annualized rate of 9.81%, from $578M in 2023 to $923M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Vietnam
Top DestinationUnited States$118B

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

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

In 2023, countries that imported more from Vietnam than Norway included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Norway - Vietnam

Flow
Scale

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

During 2023, Norway had a large net trade with Vietnam in the exports of Animal Products ($201M), Machines ($53.8M), and Metals ($12.4M).

During 2018, Vietnam had a large net trade with Norway in the exports of Machines ($394M), Footwear and Headwear ($186M), and Textiles ($129M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Vietnam+$5.34MMixed Mineral or Chemical Fertilizers
Top Product Potential Vietnam Norway+$88.7MTelephones

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

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

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