2022
Exports
$5.26kWorld Rnk 102 / 139
Flag Rnk 1125 / 1197
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$181MWorld Rnk 34 / 200
Flag Rnk 128 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $5.26k in Soybeans, making it the 102nd largest exporter of Soybeans in the world. At the same year, Soybeans was the 1125th most exported product in Norway. The main destination of Soybeans exports from Norway are: Sweden ($3.17k), Denmark ($1.53k), France ($252), Netherlands ($152), and Slovenia ($150).

The fastest growing export markets for Soybeans of Norway between 2021 and 2022 were Sweden ($2.64k), Denmark ($1.37k), and France ($252).

Imports In 2022, Norway imported $181M in Soybeans, becoming the 34th largest importer of Soybeans in the world. At the same year, Soybeans was the 128th most imported product in Norway. Norway imports Soybeans primarily from: Brazil ($148M), Canada ($29.8M), Poland ($2.49M), China ($897k), and Netherlands ($51.8k).

The fastest growing import markets in Soybeans for Norway between 2021 and 2022 were Poland ($2.42M), China ($363k), and Hong Kong ($20.8k).

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 Soybeans. 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)$5.26k
IMPORTS (2022)$181M
NET TRADE (2022)-$181M

In 2022, Norway exported $5.26k in Soybeans. The main destinations of Norway exports on Soybeans were Sweden ($3.17k), Denmark ($1.53k), France ($252), Netherlands ($152), and Slovenia ($150).

In 2022, Norway imported $181M in Soybeans, mainly from Brazil ($148M), Canada ($29.8M), Poland ($2.49M), China ($897k), and Netherlands ($51.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$2.64k (489%)
Denmark$1.37k (827%)
France$252 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Norway WERE (2021 - 2022):
Germany-$9.97k (-100%)
Finland-$5 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Soybeans were:
In 2022, Norway's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.43k
TOP IMPORT POTENTIALChina+ $865k

Soybeans’s highest export potential is China. With an export gap of $1.43k.   Soybeans’s highest import potential is China with an import gap of $865k.

See methodology.

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