Norway (NOR) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Norway-Argentina In 2022, Norway exported $151M to Argentina. The main products that Norway exported to Argentina are Petroleum Gas ($63.7M), Mixed Mineral or Chemical Fertilizers ($53.5M), and Pesticides ($5.25M). During the last 27 years the exports of Norway to Argentina have increased at an annualized rate of 3.31%, from $62.7M in 1995 to $151M in 2022.

In 2022, Norway did not export any services to Argentina.

Argentina-Norway In 2022, Argentina exported $49.8M to Norway. The main products that Argentina exported to Norway were Petroleum Coke ($12.9M), Other Inedible Animal Products ($11.4M), and Molluscs ($8.11M). During the last 27 years the exports of Argentina to Norway have increased at an annualized rate of 0.95%, from $38.6M in 1995 to $49.8M in 2022.

In 2022, Argentina did not export any services to Norway.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Argentina ranked 56 in the Economic Complexity Index (ECI 0.11), and 47 in total exports ($87.2B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK21.9M and imported NOK40.8M from Argentina, resulting in a negative trade balance of NOK18.9M. Between February 2023 and February 2024 the exports of Norway have increased by NOK13.5M (163%) from NOK8.3M to NOK21.9M, while imports increased by NOK13.2M (48.1%) from NOK27.5M to NOK40.8M.

Trade In February 2024, the top exports of Norway to Argentina were General industrial machinery and equipment, n.e.s.,... (NOK6.24M), Machinery specialized for particular industries (NOK3.04M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.99M), Manufactures of metals, n.e.s. (NOK2.44M), and Plastics in primary forms (NOK2.24M). In February 2024 the top imports of Norway from Argentina were Petroleum, petroleum products and related materials (NOK18.6M), Meat and meat preparations (NOK2.5M), Beverages (NOK1.75M), Oil-seeds and oleaginous fruits (NOK1.25M), and Textile fibres (other than wool tops... (NOK1.01M).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK13.5M(163%)

IMPORT GROWTH (February 2023 - February 2024)NOK13.2M(48.1%)

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

To check Argentina and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $151M to Argentina. The main products exported from Norway to Argentina were Petroleum Gas ($63.7M), Mixed Mineral or Chemical Fertilizers ($53.5M), and Pesticides ($5.25M). During the last 27 years the exports of Norway to Argentina have increased at an annualized rate of 3.31%, from $62.7M in 1995 to $151M in 2022.

In 2022, Argentina exported $49.8M to Norway. The main products exported from Argentina to Norway were Petroleum Coke ($12.9M), Other Inedible Animal Products ($11.4M), and Molluscs ($8.11M). During the last 27 years the exports of Argentina to Norway have increased at an annualized rate of 0.95%, from $38.6M in 1995 to $49.8M in 2022.

Exports from Norway () to Argentina () (2022)

Exports from Argentina () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Argentina
Top DestinationBrazil$12.6B

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

In 2021, countries that imported more from Norway than Argentina were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Argentina than Norway were Brazil ($12.6B), Chile ($5.11B), and India ($4.38B).

Difference in imports from Argentina () and Norway () (2022)

Comparative Advantage Norway - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Argentina in the exports of Chemical Products ($66.7M), Mineral Products ($63.8M), and Metals ($6.71M).

During 2022, Argentina had a large net trade with Norway in the exports of Animal Products ($22.7M), Mineral Products ($12.9M), and Vegetable Products ($7.08M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Argentina. Similarly, the more yellow a dot/product is, the more Argentina has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Argentina () (2022)

Exports from Argentina () to Norway () (2022)

Market Competitiveness

Difference in imports from Argentina () and Norway () (2022)

Comparative Advantage Norway - Argentina

Economic Complexity

Competitive Landscape

Product Space of Norway () and Argentina () (2022)

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