HS Icon Crude Petroleum in  Flag Norway

2019
Exports | Imports
: $29.6B | $1.64B, World Rnk 10 / 135
Flag Rnk 1 / 1176 | World Rnk 49 / 156
Flag Rnk 5 / 1211

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.27B | $252M, China |  Nigeria

2019
ECONOMIC COMPLEXITY of Norway
: 0.78, Rnk 38 / 147

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports In 2019, Norway exported $29.6B in Crude Petroleum, making it the 10th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Norway. The main destination of Crude Petroleum exports from Norway are: United Kingdom ($10.8B), Netherlands ($5.61B), Sweden ($2.93B), Germany ($2.9B), and China ($1.4B).

The fastest growing export markets for Crude Petroleum of Norway between 2018 and 2019 were China ($1.27B), Sweden ($604M), and Turkey ($115M).

Imports In 2019, Norway imported $1.64B in Crude Petroleum, becoming the 49th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in Norway. Norway imports Crude Petroleum primarily from: United States ($496M), United Kingdom ($408M), Nigeria ($252M), Russia ($160M), and Brazil ($119M).

The fastest growing import markets in Crude Petroleum for Norway between 2018 and 2019 were Nigeria ($252M), Brazil ($119M), and Angola ($113M).

Historical Data

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EXPORTS (2019): $29.6B

IMPORTS (2019): $1.64B

NET TRADE (2019): $27.9B

In 2019, Norway exported $29.6B in Crude Petroleum. The main destinations of Norway exports on Crude Petroleum were United Kingdom ($10.8B), Netherlands ($5.61B), Sweden ($2.93B), Germany ($2.9B), and China ($1.4B).

In 2019, Norway imported $1.64B in Crude Petroleum, mainly from United States ($496M), United Kingdom ($408M), Nigeria ($252M), Russia ($160M), and Brazil ($119M).

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IN 2019, Norway HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Norway HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Norway WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Norway WERE (2018 - 2019):

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Market Concentration

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In 2019, Norway's main exporting competitors in Crude Petroleum were:

In 2019, Norway's main importing competitors in Crude Petroleum were:

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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.