2018
Exports
$587MWorld Rnk 41 / 217
Flag Rnk 19 / 1197
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2018
Imports
$1.5BWorld Rnk 42 / 224
Flag Rnk 7 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2018, Norway exported $587M in Packaged Medicaments, making it the 41st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 19th most exported product in Norway. The main destination of Packaged Medicaments exports from Norway are: Denmark ($98.9M), Germany ($86.5M), Netherlands ($57.1M), Belgium ($49.1M), and United States ($45.4M).

The fastest growing export markets for Packaged Medicaments of Norway between 2021 and 2022 were Denmark ($33.6M), Ireland ($29.5M), and United States ($20.1M).

Imports In 2022, Norway imported $1.5B in Packaged Medicaments, becoming the 42nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in Norway. Norway imports Packaged Medicaments primarily from: Sweden ($320M), Germany ($233M), Denmark ($132M), Switzerland ($112M), and United States ($104M).

The fastest growing import markets in Packaged Medicaments for Norway between 2021 and 2022 were United States ($94.3M), Italy ($31.7M), and Slovenia ($24.7M).

Latest Trends

Sep 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 Packaged Medicaments. 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)$587M
IMPORTS (2022)$1.5B
NET TRADE (2022)-$910M

In 2022, Norway exported $587M in Packaged Medicaments. The main destinations of Norway exports on Packaged Medicaments were Denmark ($98.9M), Germany ($86.5M), Netherlands ($57.1M), Belgium ($49.1M), and United States ($45.4M).

In 2022, Norway imported $1.5B in Packaged Medicaments, mainly from Sweden ($320M), Germany ($233M), Denmark ($132M), Switzerland ($112M), and United States ($104M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Denmark$33.6M (51.5%)
Ireland$29.5M (1.79k%)
United States$20.1M (79.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Norway WERE (2021 - 2022):
Belgium-$24.9M (-33.7%)
Saudi Arabia-$17M (-100%)
Netherlands-$9.71M (-14.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Packaged Medicaments were:
In 2022, Norway's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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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.

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