2023
Exports
$817MWorld Rnk 37 / 214
Flag Rnk 13 / 1199
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.61BWorld Rnk 45 / 226
Flag Rnk 8 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $817M in Packaged Medicaments, making it the 37th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 13th most exported product in Norway. The main destination of Packaged Medicaments exports from Norway are: Denmark ($139M), Germany ($114M), Belgium ($83.8M), Netherlands ($73.3M), and Ireland ($51.1M).

The fastest growing export markets for Packaged Medicaments of Norway between 2022 and 2023 were Denmark ($35.6M), Spain ($28.1M), and Belgium ($25.4M).

Imports In 2023, Norway imported $1.61B in Packaged Medicaments, becoming the 45th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Norway. Norway imports Packaged Medicaments primarily from: Germany ($269M), Denmark ($225M), United States ($143M), United Kingdom ($107M), and Switzerland ($106M).

The fastest growing import markets in Packaged Medicaments for Norway between 2022 and 2023 were United States ($125M), Denmark ($73.4M), and Finland ($12.3M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$817M
IMPORTS (2023)$1.61B
NET TRADE (2023)-$791M

In 2023, Norway exported $817M in Packaged Medicaments. The main destinations of Norway exports on Packaged Medicaments were Denmark ($139M), Germany ($114M), Belgium ($83.8M), Netherlands ($73.3M), and Ireland ($51.1M).

In 2023, Norway imported $1.61B in Packaged Medicaments, mainly from Germany ($269M), Denmark ($225M), United States ($143M), United Kingdom ($107M), and Switzerland ($106M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Denmark$35.6M (34.5%)
Spain$28.1M (218%)
Belgium$25.4M (43.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Norway WERE (2022 - 2023):
South Korea-$4.87M (-64.8%)
South Africa-$4.08M (-68.5%)
United States-$3.83M (-31.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Norway's main exporting competitors in Packaged Medicaments were:
In 2023, Norway's main importing competitors in Packaged Medicaments were:

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $58.8M
TOP IMPORT POTENTIALGermany+ $89.2M

Packaged Medicaments’s highest export potential is United States. With an export gap of $58.8M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $89.2M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with