Crude Petroleum in Norway

EXPORTS (2018): $33B, World Rnk 12 / 120
Flag Rnk 2 / 1135

TOP DESTINATION (2018): $12B, United Kingdom

FASTEST GROWING MARKET (2017 - 2018): $2.19B, Netherlands

IMPORTS (2018): $1.56B, World Rnk 51 / 148
Flag Rnk 7 / 1208

TOP ORIGIN (2018): $757M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $678M, United States

ECONOMIC COMPLEXITY of Norway (2018): 0.85, Rnk 34 / 137

PRODUCT COMPLEXITY  IN Crude Petroleum (2018): -2.84, Rnk 1018 / 1018

Overview: This page contains the latest trade data of Crude Petroleum in Norway.

Exports: In 2018, Norway exported $33B in Crude Petroleum, making it the 12th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in Norway. The main destination of Crude Petroleum exports from Norway are: United Kingdom ($12B), Netherlands ($5.98B), Germany ($3.36B), Sweden ($2.43B), and Denmark ($1.66B).

The fastest growing export markets for Crude Petroleum of Norway between 2017 and 2018 were Netherlands ($2.19B), United Kingdom ($1.1B), and Sweden ($851M).

Imports: In 2018, Norway imported $1.56B in Crude Petroleum, becoming the 51st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 7th most imported product in Norway. Norway imports Crude Petroleum primarily from: United States ($757M), United Kingdom ($594M), Russia ($120M), Canada ($53M), and Denmark ($40.1M).

The fastest growing import markets in Crude Petroleum for Norway between 2017 and 2018 were United States ($678M), United Kingdom ($400M), and Canada ($53M).

Value

EXPORTS (2018): $33B

IMPORTS (2018): $1.56B

NET TRADE (2018): $31.4B

In 2018, Norway exported $33B in Crude Petroleum. The main destinations of Norway exports on Crude Petroleum were United Kingdom ($12B), Netherlands ($5.98B), Germany ($3.36B), Sweden ($2.43B), and Denmark ($1.66B).

In 2018, Norway imported $1.56B in Crude Petroleum, mainly from United States ($757M), United Kingdom ($594M), Russia ($120M), Canada ($53M), and Denmark ($40.1M).

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IN 2018, Norway HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

  • United Kingdom, $11.4B ($12B - $594M)
  • Netherlands, $5.98B ($5.98B - $0)
  • Germany, $3.36B ($3.36B - $0)

IN 2018, Norway HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

  • Russia, -$120M ($0 - $120M)
  • Brazil, -$4.55k ($0 - $4.55k)
Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Norway WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Norway WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Norway's main exporting competitors in Crude Petroleum were:

In 2018, Norway's main importing competitors in Crude Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Crude Petroleum in Norway. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the tariffs for Crude Petroleum in the imports of Norway were of 0% around the world.

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