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2022
Flag → Flag
Exports $565MRnk 28 / 209
2022
Flag → Flag
Top Product $110MGold
2022
Flag → Flag
Exports $806MRnk 43 / 219
2022
Flag → Flag
Top Product $124MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
Flag  
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$808BCURRENT US$
Rnk 20 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 128 / 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$92,101CURRENT US$
Rnk 5 / 186
2012-2022
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GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Norway-Switzerland Trade: In 2022, Norway exported $565M to Switzerland. The main products that Norway exported to Switzerland were Gold ($110M), Raw Aluminium ($61.5M), and Petroleum Gas ($41.8M). Over the past 5 years the exports of Norway to Switzerland have increased at an annualized rate of 5.52%, from $432M in 2017 to $565M in 2022.

In 2010, Norway exported services to Switzerland worth $774M, with Services not allocated ($389M), Other business services ($208M), and Travel ($58.8M) being the largest in terms of value.

Switzerland-Norway Trade: In 2022, Switzerland exported $806M to Norway. The main products that Switzerland exported to Norway were Vaccines, blood, antisera, toxins and cultures ($124M), Packaged Medicaments ($112M), and Base Metal Watches ($37.7M). Over the past 5 years the exports of Switzerland to Norway have decreased at an annualized rate of 1.28%,  from $860M in 2017 to $806M in 2022.

In 2019, Switzerland exported services to Norway worth $265M, with Royalties and license fees ($109M), Computer and information services ($88.6M), and Travel ($33.5M) 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, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK586M and imported NOK925M from Switzerland, resulting in a negative trade balance of NOK340M. Between October 2023 and October 2024 the exports of Norway have increased by NOK146M (33.1%) from NOK440M to NOK586M, while imports increased by NOK53.6M (6.14%) from NOK872M to NOK925M.

Trade In October 2024, the top exports of Norway to Switzerland were Gold, non-monetary (excluding gold ores and... (NOK42.8M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK31.8M), Non-ferrous metals (NOK26.6M), Fish (not marine mammals), crustaceans, molluscs... (NOK24.6M), and Miscellaneous manufactured articles, n.e.s. (NOK10.9M). In October 2024 the top imports of Norway from Switzerland were Medicinal and pharmaceutical products (NOK155M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK67.3M), Miscellaneous manufactured articles, n.e.s. (NOK63.6M), Photographic apparatus, equipment and supplies and... (NOK47.1M), and General industrial machinery and equipment, n.e.s.,... (NOK36.8M).

Growth In October 2024, the increase in Norway's year-by-year exports to Switzerland was explained primarily by an increase in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK9.56M or 42.9%), Photographic apparatus, equipment and supplies and... (NOK6.88M or 6.37k%), and Fish (not marine mammals), crustaceans, molluscs... (NOK4.05M or 19.7%). In October 2024, the increase in Norway's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Miscellaneous manufactured articles, n.e.s. (NOK43.4M or 214%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK34.4M or 104%), and Machinery specialized for particular industries (NOK19.3M or 124%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK146M(33.1%)
IMPORT GROWTH (October 2023 - October 2024)NOK53.6M(6.14%)

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 Switzerland and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $565M to Switzerland. The main products exported from Norway to Switzerland were Gold ($110M), Raw Aluminium ($61.5M), and Petroleum Gas ($41.8M). During the last 5 years the exports of Norway to Switzerland have increased at an annualized rate of 5.52%, from $432M in 2017 to $565M in 2022.

In 2017, Switzerland exported $806M to Norway. The main products exported from Switzerland to Norway were Vaccines, blood, antisera, toxins and cultures ($124M), Packaged Medicaments ($112M), and Base Metal Watches ($37.7M). During the last 5 years the exports of Switzerland to Norway have decreased at an annualized rate of 1.28%, from $860M in 2022 to $806M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Norway than Switzerland included United Kingdom ($59.1B), Germany ($78.1B), and Sweden ($17.7B).

In 2022, countries that imported more from Switzerland than Norway included United States ($61.7B), China ($44.1B), and Italy ($22.8B).

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

Comparative Advantage Norway - Switzerland

Flow
Scale

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

During 2022, Norway had a large net trade with Switzerland in the exports of Metals ($153M), Precious Metals ($129M), and Animal Products ($73.9M).

During 2017, Switzerland had a large net trade with Norway in the exports of Chemical Products ($286M), Machines ($175M), and Instruments ($107M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Switzerland+$82.1MPetroleum Gas
Top Product Potential Switzerland Norway+$45.6MPackaged Medicaments

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 2010, Norway exported services to Switzerland worth $774M, with Services not allocated ($389M), Other business services ($208M), and Travel ($58.8M) being the largest in terms of value.

In 2019, Switzerland exported services to Norway worth $265M, with Royalties and license fees ($109M), Computer and information services ($88.6M), and Travel ($33.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Switzerland (Flag) (2010)

Services Exports from Switzerland (Flag) to Norway (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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