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2023
Flag → Flag
Exports $288MRnk 62 / 137
2023
Flag → Flag
Top Product $66.3MRaw Aluminium
2023
Flag → Flag
Exports $167MRnk 53 / 205
2023
Flag → Flag
Top Product $93.5MAnimal Food
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Russia-Norway Trade: In 2023, Russia exported $288M to Norway. The main products that Russia exported to Norway were Raw Aluminium ($66.3M), Non-fillet Frozen Fish ($52.2M), and Rapeseed Oil ($44.9M). Over the past 5 years the exports of Russia to Norway have decreased at an annualized rate of 30.7%, from $1.8B in 2018 to $288M in 2023.

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 2023, Norway exported $167M to Russia. The main products that Norway exported to Russia were Animal Food ($93.5M), Live Fish ($11.4M), and Industrial Food Preperation Machinery ($8.05M). Over the past 5 years the exports of Norway to Russia have decreased at an annualized rate of 18.2%,  from $455M in 2018 to $167M in 2023.

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 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

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 2023, Russia exported $288M to Norway. The main products exported from Russia to Norway were Raw Aluminium ($66.3M), Non-fillet Frozen Fish ($52.2M), and Rapeseed Oil ($44.9M). During the last 5 years the exports of Russia to Norway have decreased at an annualized rate of 30.7%, from $1.8B in 2018 to $288M in 2023.

In 2018, Norway exported $167M to Russia. The main products exported from Norway to Russia were Animal Food ($93.5M), Live Fish ($11.4M), and Industrial Food Preperation Machinery ($8.05M). During the last 5 years the exports of Norway to Russia have decreased at an annualized rate of 18.2%, from $455M in 2023 to $167M in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Norway
Top DestinationGermany$33.8B

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 2023, countries that imported more from Russia than Norway included China ($129B), India ($66.1B), and Turkey ($31B).

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

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

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 2023, Russia had a large net trade with Norway in the exports of Metals ($67.6M), Animal and Vegetable Bi-Products ($61M), and Animal Products ($55.5M).

During 2018, Norway had a large net trade with Russia in the exports of Foodstuffs ($93.5M), Machines ($16.2M), and Metals ($16.2M).

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) (2023)

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