2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Austria-Norway Trade: In 2023, Austria exported $723M to Norway. The main products that Austria exported to Norway were Cars ($43.2M), Vaccines, blood, antisera, toxins and cultures ($30.3M), and Electrical Transformers ($22.4M). Over the past 5 years the exports of Austria to Norway have decreased at an annualized rate of 1.24%, from $770M in 2018 to $723M in 2023.

In 2020, Austria exported services to Norway worth $242M, with Transportation ($62.8M), Other business services ($58.3M), and Computer and information services ($46.8M) being the largest in terms of value.

Norway-Austria Trade: In 2023, Norway exported $540M to Austria. The main products that Norway exported to Austria were Raw Aluminium ($241M), Raw Nickel ($91.6M), and Fish Fillets ($28.4M). Over the past 5 years the exports of Norway to Austria have increased at an annualized rate of 5.97%,  from $404M in 2018 to $540M in 2023.

In 2009, Norway exported services to Austria worth $229M, with Computer and information services ($91.6M), Travel ($60.9M), and Other business services ($40M) being the largest in terms of value.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $723M to Norway. The main products exported from Austria to Norway were Cars ($43.2M), Vaccines, blood, antisera, toxins and cultures ($30.3M), and Electrical Transformers ($22.4M). During the last 5 years the exports of Austria to Norway have decreased at an annualized rate of 1.24%, from $770M in 2018 to $723M in 2023.

In 2018, Norway exported $540M to Austria. The main products exported from Norway to Austria were Raw Aluminium ($241M), Raw Nickel ($91.6M), and Fish Fillets ($28.4M). During the last 5 years the exports of Norway to Austria have increased at an annualized rate of 5.97%, from $404M in 2023 to $540M in 2018.

Exports from Austria (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Norway (Flag)

Austria Exports

Norway Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Norway
Top Destination
Germany$33.8B

This map shows whether countries import more from Austria or Norway. Each country is colored based on the difference in imports they receive from Austria and Norway or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Norway included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

In 2023, countries that imported more from Norway than Austria included United Kingdom ($32.6B), Sweden ($15.9B), and Denmark ($12.7B).

Difference in imports from Norway (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Norway

Flow
Scale

This chart compares trade between Austria and Norway by product, considering products traded by both, Austria and Norway.

During 2023, Austria had a large net trade with Norway in the exports of Machines ($244M), Metals ($117M), and Transportation ($99.7M).

During 2018, Norway had a large net trade with Austria in the exports of Metals ($362M), Animal Products ($66.2M), and Machines ($23.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Norway+$34.3MCars
Top Product Potential Norway Austria+$5.11MNon-fillet Fresh Fish

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Norway. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Norway (Flag) (2023)

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