Flag Russia / Norway Flag

2019
FlagFlag
Exports
: $3.08B, Rnk 31 / 197

2019
FlagFlag
Top Product
: $1.61B, Petroleum Gas

2019
FlagFlag
Exports
: $405M, Rnk 30 / 208

2019
FlagFlag
Top Product
: $42.2M, Animal Food

2019
Flag
Economic Complexity (ECI)
: ECI 0.58, Rnk 45 / 146

2019
Flag
Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

2019
Flag  
GDP
: $1.7T, CURRENT US$
Rnk 11 / 187

2009-2019
Flag
GDP GROWTH
: 39%, CURRENT US$
Rnk 113 / 187

2019
Flag
 GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
Flag
GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
Flag
GDP PC 
: $11,585, CURRENT US$
Rnk 65 / 187

2009-2019
Flag
GDP PC GROWTH
: 35.3%, CURRENT US$
Rnk 81 / 187

2019
Flag
GDP PC
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
Flag
GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

Russia-Norway: In 2019, Russia exported $3.08B to Norway. The main products that Russia exported to Norway are Petroleum Gas ($1.61B), Refined Petroleum ($347M), and Raw Aluminium ($166M). During the last 24 years the exports of Russia to Norway have increased at an annualized rate of 7.34%, from $563M in 1995 to $3.08B in 2019.

In 2018, Russia exported services to Norway worth $167M, with Other business services ($43.6M), Travel ($38.5M), and Transportation ($35.8M) being the largest in terms of value.

Norway-Russia: In 2019, Norway exported $405M to Russia . The main products that Norway exported to Russia were Animal Food ($42.2M), Electric Generating Sets ($40.7M), and Industrial Food Preperation Machinery ($22.8M). During the last 24 years the exports of Norway to Russia have increased at an annualized rate of 3.62%, from $173M in 1995 to $405M in 2019.

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 2019,  Russia ranked 45 in the Economic Complexity Index (ECI 0.58), and 13 in total exports ($407B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2019, Russia exported $3.08B to Norway. The main products exported from Russia to Norway were Petroleum Gas ($1.61B), Refined Petroleum ($347M), and Raw Aluminium ($166M). During the last 24 years the exports of Russia to Norway have increased at an annualized rate of 7.34%, from $563M in 1995 to $3.08B in 2019.

In 2019, Norway exported $405M to Russia. The main products exported from Norway to Russia were Animal Food ($42.2M), Electric Generating Sets ($40.7M), and Industrial Food Preperation Machinery ($22.8M). During the last 24 years the exports of Norway to Russia have increased at an annualized rate of 3.62%, from $173M in 1995 to $405M in 2019.

Market Competitiveness

#permalink to section
Measure

Russia
Top Destination
: China, $58.1B

Norway
Top Destination
: United Kingdom, $20B

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 2019, countries that imported more from Russia than Norway were China ($58.1B), Netherlands ($41.7B), and Belarus ($20.5B).

In 2019, countries that imported more from Norway than Russia were United Kingdom ($20B), Sweden ($10.1B), and France ($6.58B).

Comparative Advantage Russia - Norway

#permalink to section
Depth

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

During 2019, Russia had a large net trade with Norway in the exports of Mineral Products ($2.25B), Metals ($299M), and Animal and Vegetable Bi-Products ($184M).

During 2019, Norway had a large net trade with Russia in the exports of Machines ($140M), Metals ($49.4M), and Foodstuffs ($45M).

Tariff Section

#permalink to section

This section shows import tariffs for products traded between Russia and Norway (using the HS6 product classification and the last year reported).

In 2018, the products from Russia that paid the highest import tariffs to enter Norway were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2018, the products from Norway that paid the highest import tariffs to enter Russia were Poultry: live, turkeys, weighing not more than 185g (555%) and Poultry: live, ducks, weighing not more than 185g (555%).

*The tariffs present between Russia and Norway are:
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

#permalink to section

In 2018, Russia exported services to Norway worth $167M, with Other business services ($43.6M), Travel ($38.5M), and Transportation ($35.8M) being the largest in terms of value.

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Norway. Similarly, the more red a dot/product is, the more Norway has comparative advantage over Russia.