Refined Petroleum in Norway

EXPORTS (2018): $6.97B, World Rnk 26 / 198
Flag Rnk 3 / 1135

TOP DESTINATION (2018): $1.12B, United States

FASTEST GROWING MARKET (2017 - 2018): $492M, Nigeria

IMPORTS (2018): $2.52B, World Rnk 58 / 221
Flag Rnk 2 / 1208

TOP ORIGIN (2018): $1.19B, Sweden

FASTEST GROWING ORIGIN (2017 - 2018): $257M, Sweden

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

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

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

Exports: In 2018, Norway exported $6.97B in Refined Petroleum, making it the 26th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Norway. The main destination of Refined Petroleum exports from Norway are: United States ($1.12B), Netherlands ($790M), Sweden ($708M), Nigeria ($643M), and Belgium-Luxembourg ($611M).

The fastest growing export markets for Refined Petroleum of Norway between 2017 and 2018 were Nigeria ($492M), Netherlands ($422M), and Sweden ($286M).

Imports: In 2018, Norway imported $2.52B in Refined Petroleum, becoming the 58th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Norway. Norway imports Refined Petroleum primarily from: Sweden ($1.19B), Russia ($327M), Netherlands ($294M), Denmark ($293M), and Belgium-Luxembourg ($53.2M).

The fastest growing import markets in Refined Petroleum for Norway between 2017 and 2018 were Sweden ($257M), Russia ($140M), and Denmark ($31.6M).

Value

EXPORTS (2018): $6.97B

IMPORTS (2018): $2.52B

NET TRADE (2018): $4.45B

In 2018, Norway exported $6.97B in Refined Petroleum. The main destinations of Norway exports on Refined Petroleum were United States ($1.12B), Netherlands ($790M), Sweden ($708M), Nigeria ($643M), and Belgium-Luxembourg ($611M).

In 2018, Norway imported $2.52B in Refined Petroleum, mainly from Sweden ($1.19B), Russia ($327M), Netherlands ($294M), Denmark ($293M), and Belgium-Luxembourg ($53.2M).

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

  • United States, $1.07B ($1.12B - $48.6M)
  • Nigeria, $643M ($643M - $0)
  • Belgium-Luxembourg, $558M ($611M - $53.2M)

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

  • Sweden, -$477M ($708M - $1.19B)
  • Russia, -$326M ($77.4k - $327M)
  • Finland, -$38.9M ($6.1M - $45M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined 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 Refined Petroleum were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined 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 Refined Petroleum in the imports of Norway were of 0% around the world.

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