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2023
Flag → Flag
Exports $768MRnk 23 / 205
2023
Flag → Flag
Top Product $116MDried/Salted/Smoked/Brined Fish
2023
Flag → Flag
Exports $1.86BRnk 38 / 221
2023
Flag → Flag
Top Product $804MAluminium Oxide
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 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$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Norway-Brazil Trade: In 2023, Norway exported $768M to Brazil. The main products that Norway exported to Brazil were Dried/Salted/Smoked/Brined Fish ($116M), Mixed Mineral or Chemical Fertilizers ($113M), and Raw Nickel ($62.6M). Over the past 5 years the exports of Norway to Brazil have increased at an annualized rate of 4.95%, from $603M in 2018 to $768M in 2023.

In 2010, Norway exported services to Brazil worth $1.78B, with Services not allocated ($889M), Other business services ($572M), and Transportation ($294M) being the largest in terms of value.

Brazil-Norway Trade: In 2023, Brazil exported $1.86B to Norway. The main products that Brazil exported to Norway were Aluminium Oxide ($804M), Animal Food ($263M), and Soybeans ($173M). Over the past 5 years the exports of Brazil to Norway have increased at an annualized rate of 8.28%,  from $1.25B in 2018 to $1.86B in 2023.

In 2023, Brazil did not export any services to Norway.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK763M and imported NOK2.21B from Brazil, resulting in a negative trade balance of NOK1.45B. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-423M (-35.7%) from NOK1.19B to NOK763M, while imports increased by NOK731M (49.3%) from NOK1.48B to NOK2.21B.

Trade In December 2024, the top exports of Norway to Brazil were General industrial machinery and equipment, n.e.s.,... (NOK897M), Fish (not marine mammals), crustaceans, molluscs... (NOK286M), Chemical materials and products, n.e.s. (NOK184M), Professional, scientific and controlling instruments and... (NOK85.1M), and Power-generating machinery and equipment (NOK31.5M). In December 2024 the top imports of Norway from Brazil were Metalliferous ores and metal scrap (NOK926M), Oil-seeds and oleaginous fruits (NOK196M), Feeding stuff for animals (not including... (NOK134M), Coffee, tea, cocoa, spices, and manufactures... (NOK70.7M), and Vegetables and fruit (NOK66.1M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK-35.2M or -11%), Iron and steel (NOK-23.8M or -48.1%), and Metalworking machinery (NOK-5M or -73.3%). In December 2024, the increase in Norway's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Vegetables and fruit (NOK29.9M or 82.6%), Metalliferous ores and metal scrap (NOK26.6M or 2.95%), and Feeding stuff for animals (not including... (NOK25.6M or 23.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-423M(-35.7%)
IMPORT GROWTH (December 2023 - December 2024)NOK731M(49.3%)

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 Brazil and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brazil and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $768M to Brazil. The main products exported from Norway to Brazil were Dried/Salted/Smoked/Brined Fish ($116M), Mixed Mineral or Chemical Fertilizers ($113M), and Raw Nickel ($62.6M). During the last 5 years the exports of Norway to Brazil have increased at an annualized rate of 4.95%, from $603M in 2018 to $768M in 2023.

In 2018, Brazil exported $1.86B to Norway. The main products exported from Brazil to Norway were Aluminium Oxide ($804M), Animal Food ($263M), and Soybeans ($173M). During the last 5 years the exports of Brazil to Norway have increased at an annualized rate of 8.28%, from $1.25B in 2023 to $1.86B in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Brazil
Top DestinationChina$106B

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

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

In 2023, countries that imported more from Brazil than Norway included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Norway - Brazil

Flow
Scale

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

During 2023, Norway had a large net trade with Brazil in the exports of Chemical Products ($178M), Machines ($135M), and Metals ($132M).

During 2018, Brazil had a large net trade with Norway in the exports of Chemical Products ($848M), Foodstuffs ($311M), and Machines ($263M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Brazil+$15.7MRefined Petroleum
Top Product Potential Brazil Norway+$57MRefined Petroleum

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

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

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