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2023
Flag → Flag
Exports $4.32BRnk 23 / 223
2023
Flag → Flag
Top Product $383MRefined Petroleum
2023
Flag → Flag
Exports $32.6BRnk 2 / 205
2023
Flag → Flag
Top Product $13.7BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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GDP PC $49,464CURRENT US$
Rnk 26 / 195
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
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GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

United Kingdom-Norway Trade: In 2023, United Kingdom exported $4.32B to Norway. The main products that United Kingdom exported to Norway were Refined Petroleum ($383M), Animal Food ($181M), and Non-fillet Fresh Fish ($173M). Over the past 5 years the exports of United Kingdom to Norway have decreased at an annualized rate of 1.61%, from $4.68B in 2018 to $4.32B in 2023.

In 2019, United Kingdom exported services to Norway worth $3.51B, with Other business services ($1.48B), Travel ($737M), and Financial services ($539M) being the largest in terms of value.

Norway-United Kingdom Trade: In 2023, Norway exported $32.6B to United Kingdom. The main products that Norway exported to United Kingdom were Crude Petroleum ($13.7B), Petroleum Gas ($13.6B), and Electricity ($1.02B). Over the past 5 years the exports of Norway to United Kingdom have increased at an annualized rate of 4.97%,  from $25.6B in 2018 to $32.6B in 2023.

In 2009, Norway exported services to United Kingdom worth $7.2B, with Transportation ($4.13B), Other business services ($1.75B), and Computer and information services ($374M) being the largest in terms of value.

Comparison: In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £200M and imported £2.57B from Norway, resulting in a negative trade balance of £2.37B. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-40.8M (-16.9%) from £241M to £200M, while imports decreased by £-104M (-3.87%) from £2.68B to £2.57B.

Trade In November 2024, the top exports of United Kingdom to Norway were Refined Petroleum (£26.7M), Gas Turbines (£24.3M), Electricity (£7.95M), Animal Food (£7.93M), and Valves (£6.66M). In November 2024 the top imports of United Kingdom from Norway were Petroleum Gas (£1.85B), Crude Petroleum (£1.26B), Special Purpose Ships (£120M), Electricity (£91.5M), and Refined Petroleum (£70.2M).

Origins In November 2024 the exports of United Kingdom were mainly from Immingham (£86M), Aberdeen (£34.9M), East Midlands Airport (£22.7M), Dover Eurotunnel (£8.29M), and London Heathrow Airport (£7.55M), while imports destinations were mainly Hull (£1.11B), Peterhead (£826M), Liverpool (£158M), and Immingham (£98.2M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Norway was explained primarily by an decrease in product exports in Valves (£-8.08M or -54.8%), Rapeseed Oil (£-3.73M or -98.7%), and Cars (£-3.4M or -39.4%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Petroleum Gas (£-334M or -15.3%), Platinum (£-17.7M or -61.5%), and Halogenated Hydrocarbons (£-11.2M or -95.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-40.8M(-16.9%)
IMPORT GROWTH (November 2023 - November 2024)£-104M(-3.87%)
MAIN EXPORTER (November 2024)Immingham£86M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Norway and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $4.32B to Norway. The main products exported from United Kingdom to Norway were Refined Petroleum ($383M), Animal Food ($181M), and Non-fillet Fresh Fish ($173M). During the last 5 years the exports of United Kingdom to Norway have decreased at an annualized rate of 1.61%, from $4.68B in 2018 to $4.32B in 2023.

In 2018, Norway exported $32.6B to United Kingdom. The main products exported from Norway to United Kingdom were Crude Petroleum ($13.7B), Petroleum Gas ($13.6B), and Electricity ($1.02B). During the last 5 years the exports of Norway to United Kingdom have increased at an annualized rate of 4.97%, from $25.6B in 2023 to $32.6B in 2018.

Exports from United Kingdom (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from United Kingdom than Norway included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

In 2023, countries that imported more from Norway than United Kingdom included Denmark ($12.7B), Sweden ($15.9B), and Finland ($6.38B).

Difference in imports from Norway (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Norway

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Norway in the exports of Machines ($1.19B), Mineral Products ($630M), and Metals ($439M).

During 2018, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($29.4B), Animal Products ($802M), and Metals ($509M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Norway+$126MCars
Top Product Potential Norway United Kingdom+$372MRefined Petroleum

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 United Kingdom and Norway. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Norway (Flag) (2023)

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