2022
Flag  
GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Greece-Norway Trade: In 2022, Greece exported $139M to Norway. The main products that Greece exported to Norway were Refined Petroleum ($22.7M), Other Small Iron Pipes ($15.2M), and Packaged Medicaments ($13M). Over the past 5 years the exports of Greece to Norway have increased at an annualized rate of 8.9%, from $90.9M in 2017 to $139M in 2022.

In 2020, Greece exported services to Norway worth $63.6M, with Transportation ($32.7M), Other business services ($12.4M), and Travel ($10.5M) being the largest in terms of value.

Norway-Greece Trade: In 2022, Norway exported $566M to Greece. The main products that Norway exported to Greece were Petroleum Gas ($243M), Crude Petroleum ($99.4M), and Non-fillet Fresh Fish ($33.6M). Over the past 5 years the exports of Norway to Greece have increased at an annualized rate of 32.6%,  from $138M in 2017 to $566M in 2022.

In 2008, Norway exported services to Greece worth $368M, with Services not allocated ($184M), Transportation ($87.3M), and Other business services ($49.6M) being the largest in terms of value.

Comparison: In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $139M to Norway. The main products exported from Greece to Norway were Refined Petroleum ($22.7M), Other Small Iron Pipes ($15.2M), and Packaged Medicaments ($13M). During the last 5 years the exports of Greece to Norway have increased at an annualized rate of 8.9%, from $90.9M in 2017 to $139M in 2022.

In 2017, Norway exported $566M to Greece. The main products exported from Norway to Greece were Petroleum Gas ($243M), Crude Petroleum ($99.4M), and Non-fillet Fresh Fish ($33.6M). During the last 5 years the exports of Norway to Greece have increased at an annualized rate of 32.6%, from $138M in 2022 to $566M in 2017.

Exports from Greece (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and Norway (Flag)

Greece Exports

Norway Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Greece than Norway included Bulgaria ($3.62B), Cyprus ($2.92B), and Libya ($1.95B).

In 2022, countries that imported more from Norway than Greece included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - Norway

Flow
Scale

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

During 2022, Greece had a large net trade with Norway in the exports of Mineral Products ($26M), Metals ($21.7M), and Chemical Products ($19.7M).

During 2017, Norway had a large net trade with Greece in the exports of Mineral Products ($343M), Animal Products ($50.3M), and Machines ($49.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Greece Norway+$29.9MRefined Petroleum
Top Product Potential Norway Greece+$221MPetroleum Gas

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

Product Space of Greece (Flag) and Norway (Flag) (2022)

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