Crude Petroleum in Norway | The Observatory of Economic Complexity

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Exports In 2022, Norway exported $58.9B 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 ($18.3B), Netherlands ($9.73B), Sweden ($8.93B), Germany ($5.7B), and Finland ($5.05B).

The fastest growing export markets for Crude Petroleum of Norway between 2021 and 2022 were United Kingdom ($6.14B), Finland ($4.32B), and Germany ($3.58B).

Imports In 2022, Norway imported $711M in Crude Petroleum, becoming the 56th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 25th most imported product in Norway. Norway imports Crude Petroleum primarily from: United States ($415M), Libya ($124M), Azerbaijan ($64.3M), Brazil ($54M), and United Kingdom ($54M).

The fastest growing import markets in Crude Petroleum for Norway between 2021 and 2022 were Libya ($124M), Azerbaijan ($64.3M), and Namibia ($32k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Norway to the United States.

Feb 2024

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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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EXPORTS (2022)$58.9B

IMPORTS (2022)$711M

NET TRADE (2022)$58.2B

In 2022, Norway exported $58.9B in Crude Petroleum. The main destinations of Norway exports on Crude Petroleum were United Kingdom ($18.3B), Netherlands ($9.73B), Sweden ($8.93B), Germany ($5.7B), and Finland ($5.05B).

In 2022, Norway imported $711M in Crude Petroleum, mainly from United States ($415M), Libya ($124M), Azerbaijan ($64.3M), Brazil ($54M), and United Kingdom ($54M).