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2023
Flag → Flag
Exports $1.72BRnk 15 / 205
2023
Flag → Flag
Top Product $658MCrude Petroleum
2023
Flag → Flag
Exports $2.03BRnk 32 / 220
2023
Flag → Flag
Top Product $211MDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 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$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$33,509CURRENT US$
Rnk 40 / 196
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Norway-Spain Trade: In 2023, Norway exported $1.72B to Spain. The main products that Norway exported to Spain were Crude Petroleum ($658M), Petroleum Gas ($166M), and Non-fillet Fresh Fish ($165M). Over the past 5 years the exports of Norway to Spain have decreased at an annualized rate of 7.09%, from $2.48B in 2018 to $1.72B in 2023.

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 2023, Spain exported $2.03B to Norway. The main products that Spain exported to Norway were Delivery Trucks ($211M), Cars ($158M), and Aluminium Oxide ($95M). Over the past 5 years the exports of Spain to Norway have increased at an annualized rate of 2.65%,  from $1.79B in 2018 to $2.03B in 2023.

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 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK2.25B and imported NOK1.96B from Spain, resulting in a positive trade balance of NOK281M. Between December 2023 and December 2024 the exports of Norway have increased by NOK985M (78.2%) from NOK1.26B to NOK2.25B, while imports increased by NOK314M (19.1%) from NOK1.65B to NOK1.96B.

Trade In December 2024, the top exports of Norway to Spain were Fish (not marine mammals), crustaceans, molluscs... (NOK679M), Non-ferrous metals (NOK477M), Iron and steel (NOK138M), Chemical materials and products, n.e.s. (NOK73.5M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK57.2M). In December 2024 the top imports of Norway from Spain were Vegetables and fruit (NOK415M), Road vehicles (including air-cushion vehicles) (NOK231M), Metalliferous ores and metal scrap (NOK139M), Other transport equipment (NOK134M), and Medicinal and pharmaceutical products (NOK109M).

Growth In December 2024, the increase in Norway's year-by-year exports to Spain was explained primarily by an increase in product exports in Non-ferrous metals (NOK173M or 57.1%), Fish (not marine mammals), crustaceans, molluscs... (NOK70.7M or 11.6%), and Chemical materials and products, n.e.s. (NOK31.2M or 73.6%). In December 2024, the increase in Norway's year-by-year imports  from Spain was explained primarily by an increase in product imports  in Metalliferous ores and metal scrap (NOK139M or 180k%), Iron and steel (NOK49.5M or 338%), and Other transport equipment (NOK35.7M or 36.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK985M(78.2%)
IMPORT GROWTH (December 2023 - December 2024)NOK314M(19.1%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $1.72B to Spain. The main products exported from Norway to Spain were Crude Petroleum ($658M), Petroleum Gas ($166M), and Non-fillet Fresh Fish ($165M). During the last 5 years the exports of Norway to Spain have decreased at an annualized rate of 7.09%, from $2.48B in 2018 to $1.72B in 2023.

In 2018, Spain exported $2.03B to Norway. The main products exported from Spain to Norway were Delivery Trucks ($211M), Cars ($158M), and Aluminium Oxide ($95M). During the last 5 years the exports of Spain to Norway have increased at an annualized rate of 2.65%, from $1.79B in 2023 to $2.03B in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Spain
Top DestinationFrance$61.9B

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 2023, countries that imported more from Norway than Spain included Sweden ($15.9B), Denmark ($12.7B), and United Kingdom ($32.6B).

In 2023, countries that imported more from Spain than Norway included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

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

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 2023, Norway had a large net trade with Spain in the exports of Mineral Products ($838M), Animal Products ($254M), and Metals ($242M).

During 2018, Spain had a large net trade with Norway in the exports of Transportation ($489M), Vegetable Products ($310M), and Machines ($310M).

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) (2023)

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