2022
Exports
$253MWorld Rnk 2 / 118
Flag Rnk 44 / 1197
2022
PRODUCT COMPLEXITY IN Fish oil
-1.83Rnk 985 / 1025
2022
Imports
$563MWorld Rnk 1 / 171
Flag Rnk 34 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $253M in Fish oil, making it the 2nd largest exporter of Fish oil in the world. At the same year, Fish oil was the 44th most exported product in Norway. The main destination of Fish oil exports from Norway are: Turkey ($69.2M), United States ($40.3M), Denmark ($34.7M), Greece ($22.6M), and United Kingdom ($18.4M).

The fastest growing export markets for Fish oil of Norway between 2021 and 2022 were Turkey ($21M), United States ($6.04M), and Spain ($4.97M).

Imports In 2022, Norway imported $563M in Fish oil, becoming the 1st largest importer of Fish oil in the world. At the same year, Fish oil was the 34th most imported product in Norway. Norway imports Fish oil primarily from: Denmark ($174M), Iceland ($112M), Mauritania ($46.5M), Mexico ($43.2M), and Peru ($38.5M).

The fastest growing import markets in Fish oil for Norway between 2021 and 2022 were Iceland ($79.5M), Morocco ($17.2M), and Denmark ($14.7M).

Latest Trends

Oct 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 Fish oil. 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 (2022)$253M
IMPORTS (2022)$563M
NET TRADE (2022)-$310M

In 2022, Norway exported $253M in Fish oil. The main destinations of Norway exports on Fish oil were Turkey ($69.2M), United States ($40.3M), Denmark ($34.7M), Greece ($22.6M), and United Kingdom ($18.4M).

In 2022, Norway imported $563M in Fish oil, mainly from Denmark ($174M), Iceland ($112M), Mauritania ($46.5M), Mexico ($43.2M), and Peru ($38.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Turkey$21M (43.7%)
United States$6.04M (17.6%)
Spain$4.97M (72.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Norway WERE (2021 - 2022):
Denmark-$2.56M (-6.86%)
Sweden-$1.41M (-29.5%)
Finland-$893k (-31.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Fish oil were:
Peru $556M
Chile $249M
In 2022, Norway's main importing competitors in Fish oil were:

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $4.01M
TOP IMPORT POTENTIALChina+ $1.22M

Fish oil’s highest export potential is China. With an export gap of $4.01M.   Fish oil’s highest import potential is China with an import gap of $1.22M.

See methodology.

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