2023
Exports
$49.7BWorld Rnk 7 / 150
Flag Rnk 2 / 1199
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$1.25BWorld Rnk 50 / 159
Flag Rnk 10 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $49.7B in Crude Petroleum, making it the 7th 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 ($13.7B), Sweden ($6.8B), Netherlands ($6.53B), Poland ($5.74B), and Finland ($5.01B).

The fastest growing export markets for Crude Petroleum of Norway between 2022 and 2023 were Poland ($3.57B), Lithuania ($579M), and Italy ($460M).

Imports In 2023, Norway imported $1.25B in Crude Petroleum, becoming the 50th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 10th most imported product in Norway. Norway imports Crude Petroleum primarily from: United States ($826M), Nigeria ($288M), United Kingdom ($96.8M), Canada ($38.6M), and Sweden ($71.1k).

The fastest growing import markets in Crude Petroleum for Norway between 2022 and 2023 were United States ($392M), Nigeria ($288M), and United Kingdom ($80.5M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$49.7B
IMPORTS (2023)$1.25B
NET TRADE (2023)$48.4B

In 2023, Norway exported $49.7B in Crude Petroleum. The main destinations of Norway exports on Crude Petroleum were United Kingdom ($13.7B), Sweden ($6.8B), Netherlands ($6.53B), Poland ($5.74B), and Finland ($5.01B).

In 2023, Norway imported $1.25B in Crude Petroleum, mainly from United States ($826M), Nigeria ($288M), United Kingdom ($96.8M), Canada ($38.6M), and Sweden ($71.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Poland$3.57B (165%)
Lithuania$579M (61%)
Italy$460M (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Norway WERE (2022 - 2023):
United Kingdom-$4.05B (-22.8%)
China-$3.12B (-84.3%)
Sweden-$2.44B (-26.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Crude Petroleum were:
In 2023, Norway's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.87B
TOP IMPORT POTENTIALBrazil+ $33.8M

Crude Petroleum’s highest export potential is China. With an export gap of $1.87B.   Crude Petroleum’s highest import potential is Brazil with an import gap of $33.8M.

See methodology.

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