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2022
Flag → Flag
Exports $236MRnk 43 / 209
2022
Flag → Flag
Top Product $59.2MPassenger and Cargo Ships
2022
Flag → Flag
Exports $149MRnk 41 / 185
2022
Flag → Flag
Top Product $36.8MFish Oil
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.18Rnk 74 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH-0.33%CURRENT US$
Rnk 144 / 186

About

Norway-Chile Trade: In 2022, Norway exported $236M to Chile. The main products that Norway exported to Chile were Passenger and Cargo Ships ($59.2M), Vaccines, blood, antisera, toxins and cultures ($52.1M), and Pesticides ($28.6M). Over the past 5 years the exports of Norway to Chile have increased at an annualized rate of 22.2%, from $86.7M in 2017 to $236M in 2022.

In 2022, Norway did not export any services to Chile.

Chile-Norway Trade: In 2022, Chile exported $149M to Norway. The main products that Chile exported to Norway were Fish Oil ($36.8M), Halogens ($28.8M), and Animal Meal and Pellets ($16.1M). Over the past 5 years the exports of Chile to Norway have increased at an annualized rate of 12.9%,  from $81.3M in 2017 to $149M in 2022.

In 2009, Chile exported services to Norway worth $17.1M, with Transportation ($17.1M) 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, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK348M and imported NOK379M from Chile, resulting in a negative trade balance of NOK30.6M. Between October 2023 and October 2024 the exports of Norway have increased by NOK296M (566%) from NOK52.2M to NOK348M, while imports increased by NOK37M (10.8%) from NOK342M to NOK379M.

Trade In October 2024, the top exports of Norway to Chile were Medicinal and pharmaceutical products (NOK148M), Chemical materials and products, n.e.s. (NOK50.2M), Inorganic chemicals (NOK14.5M), Machinery specialized for particular industries (NOK13.9M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK7.13M). In October 2024 the top imports of Norway from Chile were Inorganic chemicals (NOK200M), Feeding stuff for animals (not including... (NOK80.3M), Vegetables and fruit (NOK41.2M), Crude animal and vegetable materials, n.e.s. (NOK4.9M), and Cork and wood manufactures (excluding furniture) (NOK4.8M).

Growth In October 2024, the increase in Norway's year-by-year exports to Chile was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (NOK111M or 299%), Chemical materials and products, n.e.s. (NOK41.5M or 480%), and Machinery specialized for particular industries (NOK10.3M or 294%). In October 2024, the increase in Norway's year-by-year imports  from Chile was explained primarily by an increase in product imports  in Inorganic chemicals (NOK82.9M or 70.7%), Cork and wood manufactures (excluding furniture) (NOK3.67M or 325%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK79k or 608%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK296M(566%)
IMPORT GROWTH (October 2023 - October 2024)NOK37M(10.8%)

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 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 2022, Norway exported $236M to Chile. The main products exported from Norway to Chile were Passenger and Cargo Ships ($59.2M), Vaccines, blood, antisera, toxins and cultures ($52.1M), and Pesticides ($28.6M). During the last 5 years the exports of Norway to Chile have increased at an annualized rate of 22.2%, from $86.7M in 2017 to $236M in 2022.

In 2017, Chile exported $149M to Norway. The main products exported from Chile to Norway were Fish Oil ($36.8M), Halogens ($28.8M), and Animal Meal and Pellets ($16.1M). During the last 5 years the exports of Chile to Norway have increased at an annualized rate of 12.9%, from $81.3M in 2022 to $149M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Chile
Top DestinationChina$38.5B

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

In 2022, countries that imported more from Chile than Norway included China ($38.5B), United States ($13.9B), and Japan ($7.43B).

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

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 2022, Norway had a large net trade with Chile in the exports of Chemical Products ($108M), Transportation ($85.7M), and Machines ($19.3M).

During 2017, Chile had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($38.7M), Foodstuffs ($37.2M), and Vegetable Products ($31.2M).

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) (2022)

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