Overview In 2022, Norway was the number 24 economy in the world in terms of GDP (current US$), the number 28 in total exports, the number 41 in total imports, the number 3 economy in terms of GDP per capita (current US$) and the number 43 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Norway are Petroleum Gas ($154B), Crude Petroleum ($58.9B), Non-fillet Fresh Fish ($9.07B), Refined Petroleum ($7.62B), and Electricity ($4.74B), exporting mostly to Germany ($78.1B), United Kingdom ($59.1B), France ($25.9B), Belgium ($20.3B), and Sweden ($17.7B).

In 2022, Norway was the world's biggest exporter of Petroleum Gas ($154B), Non-fillet Fresh Fish ($9.07B), Fish: dried, salted, smoked or in brine ($1.15B), Gravel and Crushed Stone ($371M), and Wood Pulp Lyes ($154M)

Imports The top imports of Norway are Cars ($7.43B), Refined Petroleum ($6.54B), Nickel Mattes ($2.48B), Broadcasting Equipment ($2.12B), and Electricity ($1.8B), importing mostly from Sweden ($18.7B), Germany ($12B), China ($10.1B), Denmark ($6.53B), and Netherlands ($5.88B).

In 2022, Norway was the world's biggest importer of Fish oil ($563M) and Fishing Ships ($161M)

Location Norway borders Finland, Russia, and Sweden by land and Denmark, Iceland, United Kingdom, and Greenland by sea.

Latest Trends

March, 2024

Historical Data

Yearly Trade

Top Export (2022)Petroleum Gas$154B
Top Destination (2022)Germany$78.1B

In 2022, Norway exported a total of $285B, making it the number 28 exporter in the world. During the last five reported years the exports of Norway have changed by $175B from $110B in 2017 to $285B in 2022.

The most recent exports are led by Petroleum Gas ($154B), Crude Petroleum ($58.9B), Non-fillet Fresh Fish ($9.07B), Refined Petroleum ($7.62B), and Electricity ($4.74B). The most common destination for the exports of Norway are Germany ($78.1B), United Kingdom ($59.1B), France ($25.9B), Belgium ($20.3B), and Sweden ($17.7B).

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Exports (2022)
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Destinations (2022)
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Market Growth

Fastest Growing Export Markets (2021 - 2022)
Germany$41.9B (+ 116%)
United Kingdom$22.4B (+ 61%)
France$15.8B (+ 156%)
Fastest Growing Import Markets (2021 - 2022)
Sweden$1.48B (+ 8.56%)
Netherlands$1B (+ 20.6%)
Germany$662M (+ 5.85%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

Norway Exports Services (2019)$37.2B
Norway Imports Services (2019)$42.8B

In 2019, Norway exported $37.2B worth of services. The top services exported by Norway in 2019 were Sea transport ($13.9B), Miscellaneous business, professional, and technical services ($7.89B), Personal travel ($5.85B), Other transport ($2.06B), and Air transport ($1.88B).

The top services imported by Norway in 2019 were Personal travel ($14.6B), Miscellaneous business, professional, and technical services ($11.5B), Sea transport ($5.59B), Air transport ($2.19B), and Business travel ($1.96B).

Service Exports (2019)

Service Imports (2019)

Economic Complexity


Economic Complexity (Trade)0.54Rank 43 of 133
Economic Complexity (Technology)1.33Rank 6 of 96
Economic Complexity (Research)1.66Rank 17 of 135

Most Specialized Products by RCA Index

Norway has a high level of specialization in Non-fillet Fresh Fish (29), Wood Pulp Lyes (22.2), Petroleum Gas (15.5), Fish: dried, salted, smoked or in brine (13), and Fishing Ships (10.5). Specialization is measured using RCA, an index that takes the ratio between Norway observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Norway according to the relatedness index, were Cobalt Oxides and Hydroxides (0.1), Iron Ore (0.1), Nickel Ore (0.099), Manganese Ore (0.097), and Nickel Mattes (0.095). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Norway is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Norway. These are products that tend to be co-exported with the products that Norway exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier


The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking


During the last 20 years Norway's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨25th to the 43rd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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