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2023
Flag → Flag
Exports $458MRnk 30 / 205
2023
Flag → Flag
Top Product $78.3MPassenger and Cargo Ships
2023
Flag → Flag
Exports $272MRnk 47 / 211
2023
Flag → Flag
Top Product $140MNickel Mattes
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 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$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Norway-Australia Trade: In 2023, Norway exported $458M to Australia. The main products that Norway exported to Australia were Passenger and Cargo Ships ($78.3M), Fish Fillets ($39.7M), and Machinery Having Individual Functions ($35M). Over the past 5 years the exports of Norway to Australia have increased at an annualized rate of 4.15%, from $374M in 2018 to $458M in 2023.

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 2023, Australia exported $272M to Norway. The main products that Australia exported to Norway were Nickel Mattes ($140M), Rapeseed Oil ($12.5M), and Wine ($10.3M). Over the past 5 years the exports of Australia to Norway have increased at an annualized rate of 3.8%,  from $226M in 2018 to $272M in 2023.

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 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK242M and imported NOK344M from Australia, resulting in a negative trade balance of NOK102M. Between January 2024 and January 2025 the exports of Norway have decreased by NOK-171M (-41.4%) from NOK413M to NOK242M, while imports increased by NOK145M (72.6%) from NOK199M to NOK344M.

Trade In January 2025, the top exports of Norway to Australia were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK234M), Fish (not marine mammals), crustaceans, molluscs... (NOK25.7M), Machinery specialized for particular industries (NOK23.1M), Animal or vegetable fats and oils,... (NOK20.1M), and Manufactures of metals, n.e.s. (NOK15.7M). In January 2025 the top imports of Norway from Australia were Metalworking machinery (NOK54.9M), Telecommunications and sound-recording and reproducing apparatus... (NOK48.3M), Metalliferous ores and metal scrap (NOK20M), Coal, coke and briquettes (NOK10.8M), and Beverages (NOK9.89M).

Growth In January 2025, the decrease in Norway's year-by-year exports to Australia was explained primarily by an decrease in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK-5.97M or -18.8%), Iron and steel (NOK-5.55M or -67.9%), and General industrial machinery and equipment, n.e.s.,... (NOK-4.06M or -34%). In January 2025, the increase in Norway's year-by-year imports  from Australia was explained primarily by an increase in product imports  in Metalworking machinery (NOK54.9M or 392k%), Telecommunications and sound-recording and reproducing apparatus... (NOK47.1M or 3.9k%), and Metalliferous ores and metal scrap (NOK14.3M or 251%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2024 - January 2025)NOK-171M(-41.4%)
IMPORT GROWTH (January 2024 - January 2025)NOK145M(72.6%)

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 2023, Norway exported $458M to Australia. The main products exported from Norway to Australia were Passenger and Cargo Ships ($78.3M), Fish Fillets ($39.7M), and Machinery Having Individual Functions ($35M). During the last 5 years the exports of Norway to Australia have increased at an annualized rate of 4.15%, from $374M in 2018 to $458M in 2023.

In 2018, Australia exported $272M to Norway. The main products exported from Australia to Norway were Nickel Mattes ($140M), Rapeseed Oil ($12.5M), and Wine ($10.3M). During the last 5 years the exports of Australia to Norway have increased at an annualized rate of 3.8%, from $226M in 2023 to $272M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Australia
Top DestinationChina$137B

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

In 2023, countries that imported more from Australia than Norway included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

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 2023, Norway had a large net trade with Australia in the exports of Machines ($148M), Transportation ($87.8M), and Animal Products ($57.9M).

During 2018, Australia had a large net trade with Norway in the exports of Metals ($150M), Machines ($37.8M), and Instruments ($19.6M).

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) (2023)

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