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2022
Flag → Flag
Exports $1.76BRnk 43 / 138
2022
Flag → Flag
Top Product $604MRefined Petroleum
2022
Flag → Flag
Exports $229MRnk 45 / 209
2022
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Top Product $112MAnimal Food
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 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

About

Russia-Norway Trade: In 2022, Russia exported $1.76B to Norway. The main products that Russia exported to Norway were Refined Petroleum ($604M), Raw Aluminium ($424M), and Rapeseed Oil ($202M). Over the past 5 years the exports of Russia to Norway have increased at an annualized rate of 13.2%, from $947M in 2017 to $1.76B in 2022.

In 2020, Russia exported services to Norway worth $117M, with Transportation ($42M), Other business services ($37.2M), and Computer and information services ($21.3M) being the largest in terms of value.

Norway-Russia Trade: In 2022, Norway exported $229M to Russia. The main products that Norway exported to Russia were Animal Food ($112M), Live Fish ($23.6M), and Paper Containers ($8.54M). Over the past 5 years the exports of Norway to Russia have decreased at an annualized rate of 7.97%,  from $347M in 2017 to $229M in 2022.

In 2010, Norway exported services to Russia worth $641M, with Services not allocated ($321M), Other business services ($150M), and Transportation ($80.2M) being the largest in terms of value.

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $175M and imported $48.7M from Norway, resulting in a positive trade balance of $126M. Between January 2021 and January 2022 the exports of Russia have increased by $111M (175%) from $63.6M to $175M, while imports increased by $34.8M (252%) from $13.8M to $48.7M.

Trade In January 2022, the top exports of Russia to Norway were Refined Petroleum ($16.2M), Rapeseed Oil ($13.9M), Wheat Gluten ($5.93M), Raw Aluminium ($5.37M), and Calcium Phosphates ($3.44M). In January 2022 the top imports of Russia from Norway were Animal Food ($2.32M), Industrial Food Preperation Machinery ($2.16M), Radioactive Chemicals ($670k), Amino-resins ($554k), and Cleaning Products ($547k).

Origins In January 2022 the exports of Russia were mainly from LENINGRAD REGION ($52M), KALININGRAD REGION ($30.9M), KRASNOYARSK TERRITORY ($16.7M), YAMAL-NENETS AUTONOMOUS AREA ($13M), and MURMANSK REGION ($12.7M), while imports destinations were mainly MURMANSK REGION ($23.1M), ST. PETERSBURG ($12M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($5.75M), VOLOGDA REGION ($1.78M), and MOSCOW REGION ($1.72M).

Growth In January 2022, the increase in Russia's year-by-year exports to Norway was explained primarily by an increase in product exports in Refined Petroleum ($14.5M or 863%), Wheat Gluten ($3.45M or 139%), and Raw Aluminium ($1.42M or 35.8%). In January 2022, the increase in Russia's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Animal Food ($701k or 43.3%), Cleaning Products ($488k or 818%), and Radioactive Chemicals ($458k or 216%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$111M(175%)
IMPORT GROWTH (January 2021 - January 2022)$34.8M(252%)
MAIN EXPORTER (January 2022)LENINGRAD REGION$52M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Norway and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $1.76B to Norway. The main products exported from Russia to Norway were Refined Petroleum ($604M), Raw Aluminium ($424M), and Rapeseed Oil ($202M). During the last 5 years the exports of Russia to Norway have increased at an annualized rate of 13.2%, from $947M in 2017 to $1.76B in 2022.

In 2017, Norway exported $229M to Russia. The main products exported from Norway to Russia were Animal Food ($112M), Live Fish ($23.6M), and Paper Containers ($8.54M). During the last 5 years the exports of Norway to Russia have decreased at an annualized rate of 7.97%, from $347M in 2022 to $229M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Russia than Norway included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Norway than Russia included United Kingdom ($59.1B), Germany ($78.1B), and Sweden ($17.7B).

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

Comparative Advantage Russia - Norway

Flow
Scale

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

During 2022, Russia had a large net trade with Norway in the exports of Mineral Products ($668M), Metals ($434M), and Animal and Vegetable Bi-Products ($229M).

During 2017, Norway had a large net trade with Russia in the exports of Foodstuffs ($115M), Machines ($27M), and Animal Products ($25.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Norway+$387MRefined Petroleum
Top Product Potential Norway Russia+$5.97MRefined Petroleum

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

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

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