HS Icon Refined Petroleum in  Flag Norway

2020
Exports | Imports
: $3.68B | $1.82B, World Rnk 28 / 212
Flag Rnk 4 / 1184 | World Rnk 55 / 224
Flag Rnk 3 / 1209

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $102M | $39.2M, Nigeria |  Qatar


ECONOMIC COMPLEXITY of Norway
: 0.71, Rnk 36 / 127


PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.99, Rnk 835 / 1028

Exports In 2020, Norway exported $3.68B in Refined Petroleum, making it the 28th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Norway. The main destination of Refined Petroleum exports from Norway are: Nigeria ($659M), Netherlands ($468M), Sweden ($409M), Denmark ($335M), and Belgium ($274M).

The fastest growing export markets for Refined Petroleum of Norway between 2019 and 2020 were Nigeria ($102M), South Korea ($30M), and Malaysia ($23.1M).

Imports In 2020, Norway imported $1.82B in Refined Petroleum, becoming the 55th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Norway. Norway imports Refined Petroleum primarily from: Sweden ($785M), Netherlands ($203M), United States ($167M), Russia ($165M), and Denmark ($120M).

The fastest growing import markets in Refined Petroleum for Norway between 2019 and 2020 were Qatar ($39.2M), Ireland ($26.1M), and United States ($19.4M).

Subnational Monthly Trade

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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 Refined Petroleum. 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

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EXPORTS (2020): $3.68B

IMPORTS (2020): $1.82B

NET TRADE (2020): $1.86B

In 2020, Norway exported $3.68B in Refined Petroleum. The main destinations of Norway exports on Refined Petroleum were Nigeria ($659M), Netherlands ($468M), Sweden ($409M), Denmark ($335M), and Belgium ($274M).

In 2020, Norway imported $1.82B in Refined Petroleum, mainly from Sweden ($785M), Netherlands ($203M), United States ($167M), Russia ($165M), and Denmark ($120M).

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IN 2020, Norway HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2020, Norway HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Norway WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Norway WERE (2019 - 2020):

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Market Concentration

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In 2019, Norway's main exporting competitors in Refined Petroleum were:

In 2019, Norway's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2018, the tariffs for Refined Petroleum in the imports of Norway were of 0% around the world.