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2022
Flag → Flag
Exports $2.49BRnk 14 / 209
2022
Flag → Flag
Top Product $619MNon-fillet Fresh Fish
2022
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Exports $1.86BRnk 34 / 218
2022
Flag → Flag
Top Product $174MCars
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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
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GDP PC$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Norway-Spain Trade: In 2022, Norway exported $2.49B to Spain. The main products that Norway exported to Spain were Non-fillet Fresh Fish ($619M), Crude Petroleum ($485M), and Raw Aluminium ($362M). Over the past 5 years the exports of Norway to Spain have decreased at an annualized rate of 3.14%, from $2.92B in 2017 to $2.49B in 2022.

In 2009, Norway exported services to Spain worth $399M, with Transportation ($161M), Other business services ($83.9M), and Financial services ($75.6M) being the largest in terms of value.

Spain-Norway Trade: In 2022, Spain exported $1.86B to Norway. The main products that Spain exported to Norway were Cars ($174M), Delivery Trucks ($167M), and Aluminium Oxide ($152M). Over the past 5 years the exports of Spain to Norway have increased at an annualized rate of 4.62%,  from $1.49B in 2017 to $1.86B in 2022.

In 2009, Spain exported services to Norway worth $2.84B, with Services not allocated ($1.61B), Travel ($1.12B), and Transportation ($112M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK2.33B and imported NOK2.06B from Spain, resulting in a positive trade balance of NOK277M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-635M (-21.4%) from NOK2.97B to NOK2.33B, while imports increased by NOK41.4M (2.05%) from NOK2.02B to NOK2.06B.

Trade In October 2024, the top exports of Norway to Spain were Petroleum, petroleum products and related materials (NOK613M), Fish (not marine mammals), crustaceans, molluscs... (NOK608M), Non-ferrous metals (NOK304M), Iron and steel (NOK218M), and Professional, scientific and controlling instruments and... (NOK63M). In October 2024 the top imports of Norway from Spain were Vegetables and fruit (NOK385M), Road vehicles (including air-cushion vehicles) (NOK311M), Medicinal and pharmaceutical products (NOK239M), Manufactures of metals, n.e.s. (NOK156M), and Chemical materials and products, n.e.s. (NOK109M).

Growth In October 2024, the decrease in Norway's year-by-year exports to Spain was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-130M or -75.4%), Non-ferrous metals (NOK-50.7M or -14.3%), and Animal oils and fats (NOK-27.5M or -85.1%). In October 2024, the increase in Norway's year-by-year imports  from Spain was explained primarily by an increase in product imports  in Medicinal and pharmaceutical products (NOK110M or 85.4%), Chemical materials and products, n.e.s. (NOK101M or 1.27k%), and Other transport equipment (NOK94.8M or 2.78k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-635M(-21.4%)
IMPORT GROWTH (October 2023 - October 2024)NOK41.4M(2.05%)

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 Spain and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Spain and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $2.49B to Spain. The main products exported from Norway to Spain were Non-fillet Fresh Fish ($619M), Crude Petroleum ($485M), and Raw Aluminium ($362M). During the last 5 years the exports of Norway to Spain have decreased at an annualized rate of 3.14%, from $2.92B in 2017 to $2.49B in 2022.

In 2017, Spain exported $1.86B to Norway. The main products exported from Spain to Norway were Cars ($174M), Delivery Trucks ($167M), and Aluminium Oxide ($152M). During the last 5 years the exports of Spain to Norway have increased at an annualized rate of 4.62%, from $1.49B in 2022 to $1.86B in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Norway than Spain included Germany ($78.1B), United Kingdom ($59.1B), and Sweden ($17.7B).

In 2022, countries that imported more from Spain than Norway included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

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

Comparative Advantage Norway - Spain

Flow
Scale

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

During 2022, Norway had a large net trade with Spain in the exports of Animal Products ($760M), Mineral Products ($712M), and Metals ($593M).

During 2017, Spain had a large net trade with Norway in the exports of Transportation ($485M), Chemical Products ($403M), and Machines ($219M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Spain+$405MCrude Petroleum
Top Product Potential Spain Norway+$115MCars

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

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

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