Thailand (THA) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Thailand-Norway Trade: In 2022, Thailand exported $434M to Norway. The main products that Thailand exported to Norway were Iron Structures ($107M), Air Conditioners ($44.6M), and Delivery Trucks ($16.5M). Over the past 5 years the exports of Thailand to Norway have decreased at an annualized rate of 7.62%, from $644M in 2017 to $434M in 2022.

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

Norway-Thailand Trade: In 2022, Norway exported $697M to Thailand. The main products that Norway exported to Thailand were Non-fillet Fresh Fish ($227M), Mixed Mineral or Chemical Fertilizers ($164M), and Scrap Vessels ($104M). Over the past 5 years the exports of Norway to Thailand have increased at an annualized rate of 10.9%, from $374M in 2017 to $697M in 2022.

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

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $434M to Norway. The main products exported from Thailand to Norway were Iron Structures ($107M), Air Conditioners ($44.6M), and Delivery Trucks ($16.5M). During the last 5 years the exports of Thailand to Norway have decreased at an annualized rate of 7.62%, from $644M in 2017 to $434M in 2022.

In 2017, Norway exported $697M to Thailand. The main products exported from Norway to Thailand were Non-fillet Fresh Fish ($227M), Mixed Mineral or Chemical Fertilizers ($164M), and Scrap Vessels ($104M). During the last 5 years the exports of Norway to Thailand have increased at an annualized rate of 10.9%, from $374M in 2022 to $697M in 2017.

Exports from Thailand () to Norway () (2022)

Exports from Norway () to Thailand () (2022)

Latest Data

Trade between Thailand () and Norway ()

Thailand Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Thailand than Norway included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Difference in imports from Norway () and Thailand () (2022)

Comparative Advantage Thailand - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Norway in the exports of Machines ($141M), Metals ($117M), and Transportation ($37.5M).

During 2017, Norway had a large net trade with Thailand in the exports of Animal Products ($304M), Chemical Products ($181M), and Transportation ($105M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Norway+$23.2MTelephones

Top Product Potential Norway Thailand+$8.98MFish Fillets

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

Year

This visualization shows the product space at the HS4 level with the flags of Thailand and Norway. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Norway () (2022)

Exports from Norway () to Thailand () (2022)

Latest Data

Trade between Thailand () and Norway ()

Thailand Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Thailand () (2022)

Comparative Advantage Thailand - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Norway () (2022)

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