2023
Flag  
GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 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 
$50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
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

Hong Kong-Norway Trade: In 2023, Hong Kong exported $117M to Norway. The main products that Hong Kong exported to Norway were Paintings ($13.8M), Buses ($11.4M), and Computers ($7.25M). Over the past 5 years the exports of Hong Kong to Norway have decreased at an annualized rate of 4.23%, from $145M in 2018 to $117M in 2023.

In 2023, Hong Kong did not export any services to Norway.

Norway-Hong Kong Trade: In 2023, Norway exported $279M to Hong Kong. The main products that Norway exported to Hong Kong were Non-fillet Fresh Fish ($115M), Passenger and Cargo Ships ($39.6M), and Processed Crustaceans ($15.8M). Over the past 5 years the exports of Norway to Hong Kong have increased at an annualized rate of 4.3%,  from $217M in 2018 to $279M in 2023.

In 2010, Norway exported services to Hong Kong worth $49.4M, with Services not allocated ($25.4M), Computer and information services ($21.4M), and Transportation ($2.67M) being the largest in terms of value.

Comparison: In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $117M to Norway. The main products exported from Hong Kong to Norway were Paintings ($13.8M), Buses ($11.4M), and Computers ($7.25M). During the last 5 years the exports of Hong Kong to Norway have decreased at an annualized rate of 4.23%, from $145M in 2018 to $117M in 2023.

In 2018, Norway exported $279M to Hong Kong. The main products exported from Norway to Hong Kong were Non-fillet Fresh Fish ($115M), Passenger and Cargo Ships ($39.6M), and Processed Crustaceans ($15.8M). During the last 5 years the exports of Norway to Hong Kong have increased at an annualized rate of 4.3%, from $217M in 2023 to $279M in 2018.

Exports from Hong Kong (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Norway (Flag)

Hong Kong Exports

Norway Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$25.3B
Norway
Top Destination
Germany$33.8B

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

In 2023, countries that imported more from Hong Kong than Norway included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Norway than Hong Kong included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

Difference in imports from Norway (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Norway

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Norway in the exports of Machines ($38.2M), Transportation ($14.6M), and Arts and Antiques ($13.8M).

During 2018, Norway had a large net trade with Hong Kong in the exports of Animal Products ($141M), Transportation ($42.1M), and Machines ($24.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Norway+$11MComputers
Top Product Potential Norway Hong Kong+$3.48MFish Fillets

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

Product Space of Hong Kong (Flag) and Norway (Flag) (2023)

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