HS Icon Crude Petroleum in  Flag Norway

2020
Exports | Imports
: $22.6B | $967M, World Rnk 10 / 132
Flag Rnk 1 / 1184 | World Rnk 49 / 145
Flag Rnk 13 / 1209

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.5B | $83.5M, China |  Nigeria

2020
ECONOMIC COMPLEXITY of Norway
: 0.71, Rnk 36 / 127

2020
PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.2, Rnk 1018 / 1029

Exports In 2020, Norway exported $22.6B 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 ($6.93B), China ($3.93B), Sweden ($3.4B), Netherlands ($2.95B), and Germany ($985M).

The fastest growing export markets for Crude Petroleum of Norway between 2019 and 2020 were China ($2.5B), Turkey ($645M), and Sweden ($510M).

Imports In 2020, Norway imported $967M in Crude Petroleum, becoming the 49th 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: Nigeria ($335M), United Kingdom ($196M), United States ($119M), Angola ($95.8M), and Brazil ($76.8M).

The fastest growing import markets in Crude Petroleum for Norway between 2019 and 2020 were Nigeria ($83.5M), Equatorial Guinea ($34.8M), and Cameroon ($21.6M).

Subnational Monthly Trade

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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

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EXPORTS (2020): $22.6B

IMPORTS (2020): $967M

NET TRADE (2020): $21.6B

In 2020, Norway exported $22.6B in Crude Petroleum. The main destinations of Norway exports on Crude Petroleum were United Kingdom ($6.93B), China ($3.93B), Sweden ($3.4B), Netherlands ($2.95B), and Germany ($985M).

In 2020, Norway imported $967M in Crude Petroleum, mainly from Nigeria ($335M), United Kingdom ($196M), United States ($119M), Angola ($95.8M), and Brazil ($76.8M).

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THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Norway WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Norway WERE (2019 - 2020):

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Market Concentration

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In 2020, Norway's main exporting competitors in Crude Petroleum were:

In 2020, Norway's main importing competitors in Crude Petroleum were:

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