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2023
Flag → Flag
Exports $255MRnk 41 / 205
2023
Flag → Flag
Top Product $58.7MPassenger and Cargo Ships
2023
Flag → Flag
Exports $372MRnk 26 / 183
2023
Flag → Flag
Top Product $176MHalogens
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 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$17,068CURRENT US$
Rnk 68 / 196
2013-2023
Flag
GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Norway-Chile Trade: In 2023, Norway exported $255M to Chile. The main products that Norway exported to Chile were Passenger and Cargo Ships ($58.7M), Vaccines, blood, antisera, toxins and cultures ($53.9M), and Pesticides ($47.1M). Over the past 5 years the exports of Norway to Chile have increased at an annualized rate of 1.68%, from $235M in 2018 to $255M in 2023.

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

Chile-Norway Trade: In 2023, Chile exported $372M to Norway. The main products that Chile exported to Norway were Halogens ($176M), Fish Oil ($82.9M), and Other Processed Fruits and Nuts ($19.1M). Over the past 5 years the exports of Chile to Norway have increased at an annualized rate of 28.3%,  from $107M in 2018 to $372M in 2023.

In 2009, Chile exported services to Norway worth $17.1M, with Transportation ($17.1M) 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK98M and imported NOK415M from Chile, resulting in a negative trade balance of NOK317M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-4.03M (-3.95%) from NOK102M to NOK98M, while imports decreased by NOK-98.5M (-19.2%) from NOK513M to NOK415M.

Trade In December 2024, the top exports of Norway to Chile were Medicinal and pharmaceutical products (NOK106M), Inorganic chemicals (NOK24.7M), General industrial machinery and equipment, n.e.s.,... (NOK8.94M), Chemical materials and products, n.e.s. (NOK6.11M), and Professional, scientific and controlling instruments and... (NOK5.41M). In December 2024 the top imports of Norway from Chile were Inorganic chemicals (NOK249M), Animal oils and fats (NOK54.6M), Vegetables and fruit (NOK39.8M), Pulp and waste paper (NOK17M), and Cork and wood manufactures (excluding furniture) (NOK5.2M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Chile was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-44.1M or -87.8%), Medicinal and pharmaceutical products (NOK-42.6M or -28.7%), and Machinery specialized for particular industries (NOK-10.9M or -78.9%). In December 2024, the decrease in Norway's year-by-year imports  from Chile was explained primarily by an decrease in product imports  in Feeding stuff for animals (not including... (NOK-80.3M or -100%), Crude animal and vegetable materials, n.e.s. (NOK-2.71M or -55.4%), and Vegetables and fruit (NOK-1.34M or -3.25%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-4.03M(-3.95%)
IMPORT GROWTH (December 2023 - December 2024)NOK-98.5M(-19.2%)

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 Chile and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Chile and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $255M to Chile. The main products exported from Norway to Chile were Passenger and Cargo Ships ($58.7M), Vaccines, blood, antisera, toxins and cultures ($53.9M), and Pesticides ($47.1M). During the last 5 years the exports of Norway to Chile have increased at an annualized rate of 1.68%, from $235M in 2018 to $255M in 2023.

In 2018, Chile exported $372M to Norway. The main products exported from Chile to Norway were Halogens ($176M), Fish Oil ($82.9M), and Other Processed Fruits and Nuts ($19.1M). During the last 5 years the exports of Chile to Norway have increased at an annualized rate of 28.3%, from $107M in 2023 to $372M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Chile
Top DestinationChina$38.2B

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

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

In 2023, countries that imported more from Chile than Norway included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Norway - Chile

Flow
Scale

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

During 2023, Norway had a large net trade with Chile in the exports of N/A.

During 2018, Chile had a large net trade with Norway in the exports of Chemical Products ($176M), Animal and Vegetable Bi-Products ($85.5M), and Foodstuffs ($48.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Chile+$2.57MPackaged Medicaments
Top Product Potential Chile Norway+$3.77MWine

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

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

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