2021
Exports | Imports
$41.5B | $1.11BWorld Rnk 8 / 147
Flag Rnk 2 / 1186
World Rnk 53 / 163
Flag Rnk 13 / 1210
2021
ECONOMIC COMPLEXITY of Norway
0.69Rnk 38 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, Norway exported $41.5B in Crude Petroleum, making it the 8th 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 ($11.7B), Sweden ($6.15B), Netherlands ($6.12B), China ($6.1B), and Germany ($2.11B).

The fastest growing export markets for Crude Petroleum of Norway between 2020 and 2021 were United Kingdom ($4.95B), Netherlands ($3.16B), and Sweden ($2.66B).

Imports In 2021, Norway imported $1.11B in Crude Petroleum, becoming the 53rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 13th most imported product in Norway. Norway imports Crude Petroleum primarily from: United States ($660M), United Kingdom ($255M), Brazil ($114M), Republic of the Congo ($48.1M), and Nigeria ($17.5M).

The fastest growing import markets in Crude Petroleum for Norway between 2020 and 2021 were United States ($526M), United Kingdom ($49.2M), and Republic of the Congo ($48.1M).

Latest Trends

Dec 2023

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2021)$41.5B
IMPORTS (2021)$1.11B
NET TRADE (2021)$40.4B

In 2021, Norway exported $41.5B in Crude Petroleum. The main destinations of Norway exports on Crude Petroleum were United Kingdom ($11.7B), Sweden ($6.15B), Netherlands ($6.12B), China ($6.1B), and Germany ($2.11B).

In 2021, Norway imported $1.11B in Crude Petroleum, mainly from United States ($660M), United Kingdom ($255M), Brazil ($114M), Republic of the Congo ($48.1M), and Nigeria ($17.5M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Norway WERE (2020 - 2021):
United Kingdom$4.95B (72.9%)
Netherlands$3.16B (107%)
Sweden$2.66B (76%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Norway WERE (2020 - 2021):
Belgium-$60.9M (-91.5%)
Brazil-$50.5M (-100%)
Belarus-$47.3M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, Norway's main exporting competitors in Crude Petroleum were:
In 2021, Norway's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with