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Exports In 2022, Norway exported $7.62B in Oils petroleum, bituminous, distillates, except crude, making it the 29th largest exporter of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 4th most exported product in Norway. The main destination of Oils petroleum, bituminous, distillates, except crude exports from Norway are: Nigeria ($1.64B), Sweden ($1.29B), United States ($906M), Netherlands ($744M), and United Kingdom ($686M).

The fastest growing export markets for Oils petroleum, bituminous, distillates, except crude of Norway between 2021 and 2022 were Sweden ($758M), Nigeria ($447M), and Iceland ($303M).

Imports In 2022, Norway imported $6.54B in Oils petroleum, bituminous, distillates, except crude, becoming the 44th largest importer of Oils petroleum, bituminous, distillates, except crude in the world. At the same year, Oils petroleum, bituminous, distillates, except crude was the 1st most imported product in Norway. Norway imports Oils petroleum, bituminous, distillates, except crude primarily from: Sweden ($2.97B), Netherlands ($1.29B), Russia ($604M), United States ($387M), and Denmark ($245M).

The fastest growing import markets in Oils petroleum, bituminous, distillates, except crude for Norway between 2021 and 2022 were Sweden ($1.41B), Netherlands ($1.02B), and Russia ($191M).

COMPANIES In 2023, leading companies such as Hyosung (372), QVC Inc (240), and Chicken of the Sea (239) were at the forefront of shipping Oils petroleum, bituminous, distillates, except crude from Norway to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Oils petroleum, bituminous, distillates, except crude. 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)$7.62B
IMPORTS (2022)$6.54B
NET TRADE (2022)$1.08B

In 2022, Norway exported $7.62B in Oils petroleum, bituminous, distillates, except crude. The main destinations of Norway exports on Oils petroleum, bituminous, distillates, except crude were Nigeria ($1.64B), Sweden ($1.29B), United States ($906M), Netherlands ($744M), and United Kingdom ($686M).

In 2022, Norway imported $6.54B in Oils petroleum, bituminous, distillates, except crude, mainly from Sweden ($2.97B), Netherlands ($1.29B), Russia ($604M), United States ($387M), and Denmark ($245M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oils petroleum, bituminous, distillates, except crude EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$758M (143%)
Nigeria$447M (37.5%)
Iceland$303M (82.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oils petroleum, bituminous, distillates, except crude BY Norway WERE (2021 - 2022):
Denmark-$207M (-52.8%)
Canada-$147M (-86.3%)
Ireland-$90.2M (-86.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Norway's main exporting competitors in Oils petroleum, bituminous, distillates, except crude were:
In 2022, Norway's main importing competitors in Oils petroleum, bituminous, distillates, except crude were:

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Trade Value of Oils petroleum, bituminous, distillates, except crude by Exporters

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