Norway (NOR) and Germany (DEU) Trade | The Observatory of Economic Complexity

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Norway-Germany Trade: In 2023, Norway exported $33.8B to Germany. The main products that Norway exported to Germany were Petroleum Gas ($24.6B), Crude Petroleum ($3.65B), and Raw Aluminium ($702M). Over the past 5 years the exports of Norway to Germany have increased at an annualized rate of 10%, from $21B in 2018 to $33.8B in 2023.

In 2009, Norway exported services to Germany worth $3.06B, with Transportation ($1.15B), Other business services ($755M), and Travel ($649M) being the largest in terms of value.

Germany-Norway Trade: In 2023, Germany exported $10.7B to Norway. The main products that Germany exported to Norway were Cars ($2.36B), Delivery Trucks ($391M), and Packaged Medicaments ($269M). Over the past 5 years the exports of Germany to Norway have increased at an annualized rate of 2.35%, from $9.54B in 2018 to $10.7B in 2023.

In 2020, Germany exported services to Norway worth $1.05B, with Other business services ($427M), Transportation ($289M), and Computer and information services ($144M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK29.3B and imported NOK9.99B from Germany, resulting in a positive trade balance of NOK19.3B. Between December 2023 and December 2024 the exports of Norway have increased by NOK2.27B (8.41%) from NOK27B to NOK29.3B, while imports increased by NOK942M (10.4%) from NOK9.05B to NOK9.99B.

Trade In December 2024, the top exports of Norway to Germany were Gas, natural and manufactured (NOK17.2B), Petroleum, petroleum products and related materials (NOK2.93B), Non-ferrous metals (NOK704M), Fish (not marine mammals), crustaceans, molluscs... (NOK416M), and Electric current (NOK373M). In December 2024 the top imports of Norway from Germany were Road vehicles (including air-cushion vehicles) (NOK1.32B), Iron and steel (NOK710M), General industrial machinery and equipment, n.e.s.,... (NOK700M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK624M), and Medicinal and pharmaceutical products (NOK492M).

Growth In December 2024, the increase in Norway's year-by-year exports to Germany was explained primarily by an increase in product exports in Non-ferrous metals (NOK258M or 57.8%), Fish (not marine mammals), crustaceans, molluscs... (NOK106M or 34.3%), and Telecommunications and sound-recording and reproducing apparatus... (NOK20.1M or 70.5%). In December 2024, the increase in Norway's year-by-year imports from Germany was explained primarily by an increase in product imports in Iron and steel (NOK433M or 156%), Power-generating machinery and equipment (NOK275M or 311%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK161M or 34.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)NOK2.27B(8.41%)

IMPORT GROWTH (December 2023 - December 2024)NOK942M(10.4%)

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 Germany and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Norway exported $33.8B to Germany. The main products exported from Norway to Germany were Petroleum Gas ($24.6B), Crude Petroleum ($3.65B), and Raw Aluminium ($702M). During the last 5 years the exports of Norway to Germany have increased at an annualized rate of 10%, from $21B in 2018 to $33.8B in 2023.

In 2018, Germany exported $10.7B to Norway. The main products exported from Germany to Norway were Cars ($2.36B), Delivery Trucks ($391M), and Packaged Medicaments ($269M). During the last 5 years the exports of Germany to Norway have increased at an annualized rate of 2.35%, from $9.54B in 2023 to $10.7B in 2018.

Exports from Norway () to Germany () (2023)

Exports from Germany () to Norway () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$33.8B

Germany
Top DestinationUnited States$157B

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

In 2023, countries that imported more from Norway than Germany included Iceland ($1.11B), Nigeria ($1.14B), and Gibraltar ($40.5M).

In 2023, countries that imported more from Germany than Norway included United States ($157B), France ($118B), and China ($104B).

Difference in imports from Germany () and Norway () (2023)

Comparative Advantage Norway - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Norway had a large net trade with Germany in the exports of Mineral Products ($29.6B), Metals ($1.6B), and Chemical Products ($793M).

During 2018, Germany had a large net trade with Norway in the exports of Transportation ($3.62B), Machines ($2.54B), and Chemical Products ($1.1B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Norway Germany+$1.73BCrude Petroleum

Top Product Potential Germany Norway+$89.2MPackaged 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

Deu Year

Nor Year

In 2009, Norway exported services to Germany worth $3.06B, with Transportation ($1.15B), Other business services ($755M), and Travel ($649M) being the largest in terms of value.

In 2020, Germany exported services to Norway worth $1.05B, with Other business services ($427M), Transportation ($289M), and Computer and information services ($144M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway () to Germany () (2009)

Services Exports from Germany () to Norway () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Germany () (2023)

Exports from Germany () to Norway () (2023)

Market Competitiveness

Difference in imports from Germany () and Norway () (2023)

Comparative Advantage Norway - Germany

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Norway () to Germany () (2009)

Services Exports from Germany () to Norway () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Norway () and Germany () (2023)

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