NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $540MRnk 27 / 205
2023
Flag → Flag
Top Product $241MRaw Aluminium
2023
Flag → Flag
Exports $723MRnk 38 / 213
2023
Flag → Flag
Top Product $43.2MCars
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 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$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195

About

Norway-Austria Trade: In 2023, Norway exported $540M to Austria. The main products that Norway exported to Austria were Raw Aluminium ($241M), Raw Nickel ($91.6M), and Fish Fillets ($28.4M). Over the past 5 years the exports of Norway to Austria have increased at an annualized rate of 5.97%, from $404M in 2018 to $540M in 2023.

In 2009, Norway exported services to Austria worth $229M, with Computer and information services ($91.6M), Travel ($60.9M), and Other business services ($40M) being the largest in terms of value.

Austria-Norway Trade: In 2023, Austria exported $723M to Norway. The main products that Austria exported to Norway were Cars ($43.2M), Vaccines, blood, antisera, toxins and cultures ($30.3M), and Electrical Transformers ($22.4M). Over the past 5 years the exports of Austria to Norway have decreased at an annualized rate of 1.24%,  from $770M in 2018 to $723M in 2023.

In 2020, Austria exported services to Norway worth $242M, with Transportation ($62.8M), Other business services ($58.3M), and Computer and information services ($46.8M) 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK311M and imported NOK477M from Austria, resulting in a negative trade balance of NOK166M. Between December 2023 and December 2024 the exports of Norway have increased by NOK72.7M (30.5%) from NOK238M to NOK311M, while imports decreased by NOK-122M (-20.4%) from NOK599M to NOK477M.

Trade In December 2024, the top exports of Norway to Austria were Non-ferrous metals (NOK214M), Paper, paperboard and articles of paper... (NOK19.8M), Medicinal and pharmaceutical products (NOK18.7M), Fish (not marine mammals), crustaceans, molluscs... (NOK14.6M), and Plastics in primary forms (NOK10.2M). In December 2024 the top imports of Norway from Austria were Machinery specialized for particular industries (NOK54.7M), Medicinal and pharmaceutical products (NOK46.8M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK44.3M), General industrial machinery and equipment, n.e.s.,... (NOK44.2M), and Miscellaneous manufactured articles, n.e.s. (NOK41.5M).

Growth In December 2024, the increase in Norway's year-by-year exports to Austria was explained primarily by an increase in product exports in Non-ferrous metals (NOK136M or 172%), Miscellaneous edible products and preparations (NOK5.85M or 7.04k%), and Iron and steel (NOK5.32M or 241%). In December 2024, the decrease in Norway's year-by-year imports  from Austria was explained primarily by an decrease in product imports  in Road vehicles (including air-cushion vehicles) (NOK-38.6M or -62%), Medicinal and pharmaceutical products (NOK-26.6M or -36.2%), and Non-metallic mineral manufactures, n.e.s. (NOK-6.21M or -51.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK72.7M(30.5%)
IMPORT GROWTH (December 2023 - December 2024)NOK-122M(-20.4%)

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 Austria and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $540M to Austria. The main products exported from Norway to Austria were Raw Aluminium ($241M), Raw Nickel ($91.6M), and Fish Fillets ($28.4M). During the last 5 years the exports of Norway to Austria have increased at an annualized rate of 5.97%, from $404M in 2018 to $540M in 2023.

In 2018, Austria exported $723M to Norway. The main products exported from Austria to Norway were Cars ($43.2M), Vaccines, blood, antisera, toxins and cultures ($30.3M), and Electrical Transformers ($22.4M). During the last 5 years the exports of Austria to Norway have decreased at an annualized rate of 1.24%, from $770M in 2023 to $723M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Norway than Austria included United Kingdom ($32.6B), Sweden ($15.9B), and Denmark ($12.7B).

In 2023, countries that imported more from Austria than Norway included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

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

Comparative Advantage Norway - Austria

Flow
Scale

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

During 2023, Norway had a large net trade with Austria in the exports of Metals ($362M), Animal Products ($66.2M), and Machines ($23.9M).

During 2018, Austria had a large net trade with Norway in the exports of Machines ($244M), Metals ($117M), and Transportation ($99.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Austria+$5.11MNon-fillet Fresh Fish
Top Product Potential Austria Norway+$34.3MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2009, Norway exported services to Austria worth $229M, with Computer and information services ($91.6M), Travel ($60.9M), and Other business services ($40M) being the largest in terms of value.

In 2020, Austria exported services to Norway worth $242M, with Transportation ($62.8M), Other business services ($58.3M), and Computer and information services ($46.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Austria (Flag) (2009)

Services Exports from Austria (Flag) to Norway (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and Austria. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Norway.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms