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2022
Flag → Flag
Exports $151MRnk 51 / 209
2022
Flag → Flag
Top Product $63.7MPetroleum Gas
2022
Flag → Flag
Exports $49.8MRnk 93 / 168
2022
Flag → Flag
Top Product $12.9MPetroleum Coke
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
Flag
GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186

About

Norway-Argentina Trade: In 2022, Norway exported $151M to Argentina. The main products that Norway exported to Argentina were Petroleum Gas ($63.7M), Mixed Mineral or Chemical Fertilizers ($53.5M), and Pesticides ($5.25M). Over the past 5 years the exports of Norway to Argentina have increased at an annualized rate of 27.9%, from $44.1M in 2017 to $151M in 2022.

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

Argentina-Norway Trade: 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). Over the past 5 years the exports of Argentina to Norway have increased at an annualized rate of 18.4%,  from $21.4M in 2017 to $49.8M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Norway exported NOK26.3M and imported NOK27.3M from Argentina, resulting in a negative trade balance of NOK1.02M. Between August 2023 and August 2024 the exports of Norway have decreased by NOK-15.7M (-37.4%) from NOK41.9M to NOK26.3M, while imports decreased by NOK-24.6M (-47.4%) from NOK51.9M to NOK27.3M.

Trade In August 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 August 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).

Growth In August 2024, the decrease in Norway's year-by-year exports to Argentina was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-1.02M or -96.4%), Fish (not marine mammals), crustaceans, molluscs... (NOK-534k or -51.6%), and Medicinal and pharmaceutical products (NOK-445k or -100%). In August 2024, the decrease in Norway's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Oil-seeds and oleaginous fruits (NOK-4.35M or -77.6%), Beverages (NOK-2.39M or -57.7%), and Meat and meat preparations (NOK-2.38M or -48.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)NOK-15.7M(-37.4%)
IMPORT GROWTH (August 2023 - August 2024)NOK-24.6M(-47.4%)

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.

For full datasets download visit Bulk Download page.

Explore Argentina and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Norway to Argentina have increased at an annualized rate of 27.9%, from $44.1M in 2017 to $151M in 2022.

In 2017, 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 5 years the exports of Argentina to Norway have increased at an annualized rate of 18.4%, from $21.4M in 2022 to $49.8M in 2017.

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

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

Market Competitiveness

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

In 2022, countries that imported more from Argentina than Norway included Brazil ($12.6B), Chile ($5.11B), and India ($4.38B).

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

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 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 2017, 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).

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) (2022)

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