2022
Exports
$79.5MWorld Rnk 13 / 153
Flag Rnk 126 / 1197
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.26Rnk 899 / 1025
2022
Imports
$23.3MWorld Rnk 60 / 214
Flag Rnk 477 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $79.5M in Other Vegetable Oils, making it the 13th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 126th most exported product in Norway. The main destination of Other Vegetable Oils exports from Norway are: United States ($43M), Australia ($10.5M), United Kingdom ($5.68M), Denmark ($4.73M), and South Korea ($3.48M).

The fastest growing export markets for Other Vegetable Oils of Norway between 2021 and 2022 were United States ($6.86M), South Korea ($3.26M), and Australia ($2.77M).

Imports In 2022, Norway imported $23.3M in Other Vegetable Oils, becoming the 60th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 477th most imported product in Norway. Norway imports Other Vegetable Oils primarily from: Germany ($9.28M), Netherlands ($5.77M), Sweden ($2.21M), Chile ($1.89M), and Denmark ($1.54M).

The fastest growing import markets in Other Vegetable Oils for Norway between 2021 and 2022 were Netherlands ($1.1M), China ($259k), and Spain ($100k).

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 Other Vegetable 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)$79.5M
IMPORTS (2022)$23.3M
NET TRADE (2022)$56.2M

In 2022, Norway exported $79.5M in Other Vegetable Oils. The main destinations of Norway exports on Other Vegetable Oils were United States ($43M), Australia ($10.5M), United Kingdom ($5.68M), Denmark ($4.73M), and South Korea ($3.48M).

In 2022, Norway imported $23.3M in Other Vegetable Oils, mainly from Germany ($9.28M), Netherlands ($5.77M), Sweden ($2.21M), Chile ($1.89M), and Denmark ($1.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$6.86M (19%)
South Korea$3.26M (1.46k%)
Australia$2.77M (35.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Norway WERE (2021 - 2022):
Finland-$999k (-45.5%)
New Zealand-$823k (-35.9%)
Germany-$818k (-24.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Other Vegetable Oils were:
In 2022, Norway's main importing competitors in Other Vegetable Oils were:

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $2.23M
TOP IMPORT POTENTIALChina+ $450k

Other Vegetable Oils’s highest export potential is China. With an export gap of $2.23M.   Other Vegetable Oils’s highest import potential is China with an import gap of $450k.

See methodology.

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