2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC 
$87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC
$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195

About

Norway-Argentina Trade: In 2023, Norway exported $55.8M to Argentina. The main products that Norway exported to Argentina were Mixed Mineral or Chemical Fertilizers ($20.9M), Delivery Trucks ($4.9M), and Ferroalloys ($3.49M). Over the past 5 years the exports of Norway to Argentina have decreased at an annualized rate of 11.1%, from $101M in 2018 to $55.8M in 2023.

In 2023, Norway did not export any services to Argentina.

Argentina-Norway Trade: In 2023, Argentina exported $50.4M to Norway. The main products that Argentina exported to Norway were Petroleum Coke ($11.4M), Iron Pipes ($9.55M), and Bovine Meat ($5.89M). Over the past 5 years the exports of Argentina to Norway have increased at an annualized rate of 4.99%,  from $39.5M in 2018 to $50.4M in 2023.

In 2023, Argentina did not export any services to Norway.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $55.8M to Argentina. The main products exported from Norway to Argentina were Mixed Mineral or Chemical Fertilizers ($20.9M), Delivery Trucks ($4.9M), and Ferroalloys ($3.49M). During the last 5 years the exports of Norway to Argentina have decreased at an annualized rate of 11.1%, from $101M in 2018 to $55.8M in 2023.

In 2018, Argentina exported $50.4M to Norway. The main products exported from Argentina to Norway were Petroleum Coke ($11.4M), Iron Pipes ($9.55M), and Bovine Meat ($5.89M). During the last 5 years the exports of Argentina to Norway have increased at an annualized rate of 4.99%, from $39.5M in 2023 to $50.4M in 2018.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
Argentina
Top Destination
Brazil$12.1B

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

In 2023, countries that imported more from Argentina than Norway included Brazil ($12.1B), Chile ($5.57B), and Peru ($2.55B).

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

Comparative Advantage Norway - Argentina

Flow
Scale

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

During 2023, Norway had a large net trade with Argentina in the exports of Chemical Products ($30.3M), Metals ($8.33M), and Machines ($5.15M).

During 2018, Argentina had a large net trade with Norway in the exports of Animal Products ($14.1M), Mineral Products ($11.4M), and Metals ($10.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Argentina+$57MPetroleum Gas
Top Product Potential Argentina Norway+$2.43MWine

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

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

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