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2023
Flag → Flag
Exports $3.97BRnk 12 / 205
2023
Flag → Flag
Top Product $581MCrude Petroleum
2023
Flag → Flag
Exports $10.7BRnk 48 / 208
2023
Flag → Flag
Top Product $1.03BBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 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$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Norway-China Trade: In 2023, Norway exported $3.97B to China. The main products that Norway exported to China were Crude Petroleum ($581M), Non-fillet Fresh Fish ($500M), and Carboxyamide Compounds ($399M). Over the past 5 years the exports of Norway to China have increased at an annualized rate of 5.35%, from $3.06B in 2018 to $3.97B in 2023.

In 2010, Norway exported services to China worth $1B, with Services not allocated ($502M), Transportation ($224M), and Other business services ($200M) being the largest in terms of value.

China-Norway Trade: In 2023, China exported $10.7B to Norway. The main products that China exported to Norway were Broadcasting Equipment ($1.03B), Computers ($915M), and Cars ($891M). Over the past 5 years the exports of China to Norway have increased at an annualized rate of 4.18%,  from $8.7B in 2018 to $10.7B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK2.86B and imported NOK9.44B from China, resulting in a negative trade balance of NOK6.58B. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-1.87B (-39.5%) from NOK4.73B to NOK2.86B, while imports increased by NOK1.28B (15.7%) from NOK8.16B to NOK9.44B.

Trade In December 2024, the top exports of Norway to China were Petroleum, petroleum products and related materials (NOK1.56B), Fish (not marine mammals), crustaceans, molluscs... (NOK729M), Medicinal and pharmaceutical products (NOK370M), Chemical materials and products, n.e.s. (NOK300M), and Metalliferous ores and metal scrap (NOK141M). In December 2024 the top imports of Norway from China were Telecommunications and sound-recording and reproducing apparatus... (NOK1.34B), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK1.18B), Office machines and automatic data-processing machines (NOK1.03B), Articles of apparel and clothing accessories (NOK757M), and Road vehicles (including air-cushion vehicles) (NOK657M).

Growth In December 2024, the decrease in Norway's year-by-year exports to China was explained primarily by an decrease in product exports in Petroleum, petroleum products and related materials (NOK-428M or -21.5%), Organic chemicals (NOK-391M or -88.4%), and Non-ferrous metals (NOK-171M or -78.3%). In December 2024, the increase in Norway's year-by-year imports  from China was explained primarily by an increase in product imports  in Road vehicles (including air-cushion vehicles) (NOK199M or 43.3%), Medicinal and pharmaceutical products (NOK166M or 643%), and Power-generating machinery and equipment (NOK82.2M or 171%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-1.87B(-39.5%)
IMPORT GROWTH (December 2023 - December 2024)NOK1.28B(15.7%)

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 China and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $3.97B to China. The main products exported from Norway to China were Crude Petroleum ($581M), Non-fillet Fresh Fish ($500M), and Carboxyamide Compounds ($399M). During the last 5 years the exports of Norway to China have increased at an annualized rate of 5.35%, from $3.06B in 2018 to $3.97B in 2023.

In 2018, China exported $10.7B to Norway. The main products exported from China to Norway were Broadcasting Equipment ($1.03B), Computers ($915M), and Cars ($891M). During the last 5 years the exports of China to Norway have increased at an annualized rate of 4.18%, from $8.7B in 2023 to $10.7B in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Norway than China included Sweden ($15.9B), Denmark ($12.7B), and Lithuania ($2.46B).

In 2023, countries that imported more from China than Norway included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Norway - China

Flow
Scale

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

During 2023, Norway had a large net trade with China in the exports of Mineral Products ($935M), Chemical Products ($857M), and Animal Products ($847M).

During 2018, China had a large net trade with Norway in the exports of Machines ($4.96B), Transportation ($1.27B), and Textiles ($1.04B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway China+$1.87BCrude Petroleum
Top Product Potential China Norway+$286MTelephones

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

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

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