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2022
Flag → Flag
Exports $6.43BRnk 8 / 209
2022
Flag → Flag
Top Product $1.35BElectricity
2022
Flag → Flag
Exports $6.53BRnk 5 / 218
2022
Flag → Flag
Top Product $370MElectricity
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.01Rnk 27 / 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$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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
Flag
GDP PC$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Norway-Denmark Trade: In 2022, Norway exported $6.43B to Denmark. The main products that Norway exported to Denmark were Electricity ($1.35B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($926M). Over the past 5 years the exports of Norway to Denmark have increased at an annualized rate of 5.85%, from $4.84B in 2017 to $6.43B in 2022.

In 2009, Norway exported services to Denmark worth $2.71B, with Other business services ($942M), Travel ($633M), and Transportation ($486M) being the largest in terms of value.

Denmark-Norway Trade: In 2022, Denmark exported $6.53B to Norway. The main products that Denmark exported to Norway were Electricity ($370M), Other Furniture ($338M), and Refined Petroleum ($245M). Over the past 5 years the exports of Denmark to Norway have increased at an annualized rate of 2.67%,  from $5.73B in 2017 to $6.53B in 2022.

In 2020, Denmark exported services to Norway worth $3.74B, with Transportation ($1.27B), Other business services ($964M), and Computer and information services ($627M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK8.2B and imported NOK4.05B from Denmark, resulting in a positive trade balance of NOK4.16B. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-738M (-8.25%) from NOK8.94B to NOK8.2B, while imports decreased by NOK-202M (-4.76%) from NOK4.25B to NOK4.05B.

Trade In October 2024, the top exports of Norway to Denmark were Gas, natural and manufactured (NOK4.3B), Petroleum, petroleum products and related materials (NOK1.15B), Fish (not marine mammals), crustaceans, molluscs... (NOK1.07B), Electric current (NOK437M), and Non-ferrous metals (NOK109M). In October 2024 the top imports of Norway from Denmark were Electric current (NOK429M), General industrial machinery and equipment, n.e.s.,... (NOK290M), Furniture, and parts thereof; bedding, mattresses,... (NOK246M), Manufactures of metals, n.e.s. (NOK227M), and Miscellaneous manufactured articles, n.e.s. (NOK176M).

Growth In October 2024, the decrease in Norway's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Non-ferrous metals (NOK-129M or -54.1%), Electric current (NOK-30.5M or -6.51%), and Other transport equipment (NOK-20.6M or -71.8%). In October 2024, the decrease in Norway's year-by-year imports  from Denmark was explained primarily by an decrease in product imports  in Electric current (NOK-99.8M or -18.9%), Petroleum, petroleum products and related materials (NOK-80.9M or -39.7%), and Chemical materials and products, n.e.s. (NOK-67.6M or -69.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-738M(-8.25%)
IMPORT GROWTH (October 2023 - October 2024)NOK-202M(-4.76%)

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 Denmark and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Denmark and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $6.43B to Denmark. The main products exported from Norway to Denmark were Electricity ($1.35B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($926M). During the last 5 years the exports of Norway to Denmark have increased at an annualized rate of 5.85%, from $4.84B in 2017 to $6.43B in 2022.

In 2017, Denmark exported $6.53B to Norway. The main products exported from Denmark to Norway were Electricity ($370M), Other Furniture ($338M), and Refined Petroleum ($245M). During the last 5 years the exports of Denmark to Norway have increased at an annualized rate of 2.67%, from $5.73B in 2022 to $6.53B in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Norway included United States ($13.1B), Japan ($2.28B), and Australia ($1.27B).

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

Comparative Advantage Norway - Denmark

Flow
Scale

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

During 2022, Norway had a large net trade with Denmark in the exports of Mineral Products ($3.13B), Animal Products ($1.26B), and Metals ($645M).

During 2017, Denmark had a large net trade with Norway in the exports of Machines ($1.28B), Mineral Products ($817M), and Chemical Products ($641M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Denmark+$177MPetroleum Gas
Top Product Potential Denmark Norway+$23.6MPackaged 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 2009, Norway exported services to Denmark worth $2.71B, with Other business services ($942M), Travel ($633M), and Transportation ($486M) being the largest in terms of value.

In 2020, Denmark exported services to Norway worth $3.74B, with Transportation ($1.27B), Other business services ($964M), and Computer and information services ($627M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Denmark (Flag) (2009)

Services Exports from Denmark (Flag) to Norway (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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