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2022
Flag → Flag
Exports $374MRnk 34 / 209
2022
Flag → Flag
Top Product $264MRaw Aluminium
2022
Flag → Flag
Exports $691MRnk 36 / 217
2022
Flag → Flag
Top Product $31.5MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

Norway-Austria Trade: In 2022, Norway exported $374M to Austria. The main products that Norway exported to Austria were Raw Aluminium ($264M), Other Uncoated Paper ($14.9M), and Non-fillet Fresh Fish ($8.53M). Over the past 5 years the exports of Norway to Austria have increased at an annualized rate of 2.46%, from $331M in 2017 to $374M in 2022.

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 2022, Austria exported $691M to Norway. The main products that Austria exported to Norway were Vaccines, blood, antisera, toxins and cultures ($31.5M), Other Small Iron Pipes ($26.5M), and Delivery Trucks ($25.5M). Over the past 5 years the exports of Austria to Norway have increased at an annualized rate of 3.87%,  from $572M in 2017 to $691M in 2022.

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 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK337M and imported NOK745M from Austria, resulting in a negative trade balance of NOK408M. Between October 2023 and October 2024 the exports of Norway have increased by NOK41.7M (14.1%) from NOK295M to NOK337M, while imports increased by NOK78.7M (11.8%) from NOK666M to NOK745M.

Trade In October 2024, the top exports of Norway to Austria were Non-ferrous metals (NOK78.6M), Paper, paperboard and articles of paper... (NOK23.5M), Medicinal and pharmaceutical products (NOK15.9M), Fish (not marine mammals), crustaceans, molluscs... (NOK10.9M), and Plastics in primary forms (NOK10.4M). In October 2024 the top imports of Norway from Austria were Medicinal and pharmaceutical products (NOK73.4M), Road vehicles (including air-cushion vehicles) (NOK62.2M), Machinery specialized for particular industries (NOK53.3M), General industrial machinery and equipment, n.e.s.,... (NOK50.3M), and Manufactures of metals, n.e.s. (NOK36M).

Growth In October 2024, the increase in Norway's year-by-year exports to Austria was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (NOK12.2M or 327%), Road vehicles (including air-cushion vehicles) (NOK6.22M or 283%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK5.1M or 146%). In October 2024, the increase in Norway's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Machinery specialized for particular industries (NOK34M or 176%), Medicinal and pharmaceutical products (NOK31.7M or 76%), and Beverages (NOK19.8M or 191%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK41.7M(14.1%)
IMPORT GROWTH (October 2023 - October 2024)NOK78.7M(11.8%)

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 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 2022, Norway exported $374M to Austria. The main products exported from Norway to Austria were Raw Aluminium ($264M), Other Uncoated Paper ($14.9M), and Non-fillet Fresh Fish ($8.53M). During the last 5 years the exports of Norway to Austria have increased at an annualized rate of 2.46%, from $331M in 2017 to $374M in 2022.

In 2017, Austria exported $691M to Norway. The main products exported from Austria to Norway were Vaccines, blood, antisera, toxins and cultures ($31.5M), Other Small Iron Pipes ($26.5M), and Delivery Trucks ($25.5M). During the last 5 years the exports of Austria to Norway have increased at an annualized rate of 3.87%, from $572M in 2022 to $691M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Austria than Norway included Switzerland ($11.2B), Hungary ($10.4B), and United States ($14.4B).

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

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 2022, Norway had a large net trade with Austria in the exports of Metals ($283M), Machines ($20.4M), and Paper Goods ($18.2M).

During 2017, Austria had a large net trade with Norway in the exports of Machines ($215M), Metals ($130M), and Transportation ($97.5M).

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.

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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) (2022)

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