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2022
Flag → Flag
Exports $322MRnk 37 / 209
2022
Flag → Flag
Top Product $36.3MFish Fillets
2022
Flag → Flag
Exports $257MRnk 50 / 213
2022
Flag → Flag
Top Product $107MNickel Mattes
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 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$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Norway-Australia Trade: In 2022, Norway exported $322M to Australia. The main products that Norway exported to Australia were Fish Fillets ($36.3M), Military Weapons ($24.8M), and Nitrogenous Fertilizers ($17.1M). Over the past 5 years the exports of Norway to Australia have increased at an annualized rate of 4.38%, from $260M in 2017 to $322M in 2022.

In 2009, Norway exported services to Australia worth $338M, with Transportation ($240M), Other business services ($42.4M), and Travel ($32.4M) being the largest in terms of value.

Australia-Norway Trade: In 2022, Australia exported $257M to Norway. The main products that Australia exported to Norway were Nickel Mattes ($107M), Aluminium Oxide ($38.6M), and Ammonia ($20.5M). Over the past 5 years the exports of Australia to Norway have increased at an annualized rate of 4.44%,  from $118M in 2017 to $257M in 2022.

In 2009, Australia exported services to Norway worth $166M, with Travel ($92.6M), Transportation ($52.3M), and Other business services ($13.5M) being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK280M and imported NOK138M from Australia, resulting in a positive trade balance of NOK142M. Between July 2023 and July 2024 the exports of Norway have increased by NOK144M (106%) from NOK136M to NOK280M, while imports decreased by NOK-67.3M (-32.8%) from NOK205M to NOK138M.

Trade In July 2024, the top exports of Norway to Australia were Fish (not marine mammals), crustaceans, molluscs... (NOK31.7M), Chemical materials and products, n.e.s. (NOK17.3M), General industrial machinery and equipment, n.e.s.,... (NOK11.9M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK11.9M), and Iron and steel (NOK8.17M). In July 2024 the top imports of Norway from Australia were Fixed vegetable fats and oils, crude,... (NOK36.2M), Beverages (NOK9.19M), Miscellaneous manufactured articles, n.e.s. (NOK8.23M), Professional, scientific and controlling instruments and... (NOK6.09M), and Metalliferous ores and metal scrap (NOK5.7M).

Growth In July 2024, the increase in Norway's year-by-year exports to Australia was explained primarily by an increase in product exports in General industrial machinery and equipment, n.e.s.,... (NOK7.71M or 183%), Iron and steel (NOK7.68M or 1.55k%), and Medicinal and pharmaceutical products (NOK3.37M or 330%). In July 2024, the decrease in Norway's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Metalliferous ores and metal scrap (NOK-141M or -96.1%), Non-ferrous metals (NOK-55M or -100%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-3.9M or -68.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK144M(106%)
IMPORT GROWTH (July 2023 - July 2024)NOK-67.3M(-32.8%)

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 Australia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $322M to Australia. The main products exported from Norway to Australia were Fish Fillets ($36.3M), Military Weapons ($24.8M), and Nitrogenous Fertilizers ($17.1M). During the last 5 years the exports of Norway to Australia have increased at an annualized rate of 4.38%, from $260M in 2017 to $322M in 2022.

In 2017, Australia exported $257M to Norway. The main products exported from Australia to Norway were Nickel Mattes ($107M), Aluminium Oxide ($38.6M), and Ammonia ($20.5M). During the last 5 years the exports of Australia to Norway have increased at an annualized rate of 4.44%, from $118M in 2022 to $257M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Australia
Top DestinationChina$123B

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

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

In 2022, countries that imported more from Australia than Norway included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Norway - Australia

Flow
Scale

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

During 2022, Norway had a large net trade with Australia in the exports of Machines ($73.9M), Chemical Products ($53.8M), and Animal Products ($52.2M).

During 2017, Australia had a large net trade with Norway in the exports of Metals ($117M), Chemical Products ($64.7M), and Machines ($24.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Australia+$5.61MMixed Mineral or Chemical Fertilizers
Top Product Potential Australia Norway+$8.76MAluminium Oxide

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

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

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