2018
Exports
$17.4MWorld Rnk 50 / 141
Flag Rnk 268 / 1197
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils
-0.34Rnk 660 / 1025
2018
Imports
$61.2MWorld Rnk 23 / 186
Flag Rnk 304 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2018, Norway exported $17.4M in Inedible Fats and Oils, making it the 50th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 268th most exported product in Norway. The main destination of Inedible Fats and Oils exports from Norway are: Sweden ($16.4M), Netherlands ($431k), Lithuania ($209k), Finland ($132k), and China ($92.6k).

The fastest growing export markets for Inedible Fats and Oils of Norway between 2021 and 2022 were Sweden ($12.6M), Finland ($131k), and China ($92.6k).

Imports In 2022, Norway imported $61.2M in Inedible Fats and Oils, becoming the 23rd largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 304th most imported product in Norway. Norway imports Inedible Fats and Oils primarily from: Netherlands ($24.8M), Malaysia ($21.2M), Sweden ($8.78M), United Kingdom ($3.76M), and Turkey ($818k).

The fastest growing import markets in Inedible Fats and Oils for Norway between 2021 and 2022 were Netherlands ($21.5M), Malaysia ($8.03M), and Sweden ($5.92M).

Latest Trends

Nov 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 Inedible Fats and Oils. 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)$17.4M
IMPORTS (2022)$61.2M
NET TRADE (2022)-$43.8M

In 2022, Norway exported $17.4M in Inedible Fats and Oils. The main destinations of Norway exports on Inedible Fats and Oils were Sweden ($16.4M), Netherlands ($431k), Lithuania ($209k), Finland ($132k), and China ($92.6k).

In 2022, Norway imported $61.2M in Inedible Fats and Oils, mainly from Netherlands ($24.8M), Malaysia ($21.2M), Sweden ($8.78M), United Kingdom ($3.76M), and Turkey ($818k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$12.6M (338%)
Finland$131k (19k%)
China$92.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Norway WERE (2021 - 2022):
Netherlands-$679k (-61.2%)
Germany-$563k (-96.3%)
France-$444k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Inedible Fats and Oils were:
In 2022, Norway's main importing competitors in Inedible Fats and Oils were:

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Trade Value of Inedible Fats and Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $769k
TOP IMPORT POTENTIALUnited Kingdom+ $1.17M

Inedible Fats and Oils’s highest export potential is Netherlands. With an export gap of $769k.   Inedible Fats and Oils’s highest import potential is United Kingdom with an import gap of $1.17M.

See methodology.

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