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2023
Flag → Flag
Exports $6.38BRnk 9 / 205
2023
Flag → Flag
Top Product $5.01BCrude Petroleum
2023
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Exports $2.38BRnk 11 / 206
2023
Flag → Flag
Top Product $316MNickel Mattes
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 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$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 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$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Norway-Finland Trade: In 2023, Norway exported $6.38B to Finland. The main products that Norway exported to Finland were Crude Petroleum ($5.01B), Non-fillet Fresh Fish ($316M), and Petroleum Gas ($172M). Over the past 5 years the exports of Norway to Finland have increased at an annualized rate of 23.5%, from $2.22B in 2018 to $6.38B in 2023.

In 2009, Norway exported services to Finland worth $865M, with Other business services ($374M), Travel ($195M), and Transportation ($138M) being the largest in terms of value.

Finland-Norway Trade: In 2023, Finland exported $2.38B to Norway. The main products that Finland exported to Norway were Nickel Mattes ($316M), Electrical Transformers ($102M), and Rubber Tires ($82.5M). Over the past 5 years the exports of Finland to Norway have increased at an annualized rate of 3.66%,  from $1.98B in 2018 to $2.38B in 2023.

In 2020, Finland exported services to Norway worth $700M, with Computer and information services ($308M), Other business services ($163M), and Transportation ($132M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK5.99B and imported NOK2.19B from Finland, resulting in a positive trade balance of NOK3.8B. Between December 2023 and December 2024 the exports of Norway have increased by NOK373M (6.63%) from NOK5.62B to NOK5.99B, while imports increased by NOK189M (9.45%) from NOK2B to NOK2.19B.

Trade In December 2024, the top exports of Norway to Finland were Petroleum, petroleum products and related materials (NOK4.04B), Fish (not marine mammals), crustaceans, molluscs... (NOK159M), Gas, natural and manufactured (NOK124M), Iron and steel (NOK106M), and Non-ferrous metals (NOK97.5M). In December 2024 the top imports of Norway from Finland were Metalliferous ores and metal scrap (NOK313M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK204M), Road vehicles (including air-cushion vehicles) (NOK182M), Machinery specialized for particular industries (NOK176M), and General industrial machinery and equipment, n.e.s.,... (NOK152M).

Growth In December 2024, the increase in Norway's year-by-year exports to Finland was explained primarily by an increase in product exports in Gas, natural and manufactured (NOK121M or 3.91k%), Petroleum, petroleum products and related materials (NOK47.8M or 1.2%), and General industrial machinery and equipment, n.e.s.,... (NOK27.3M or 298%). In December 2024, the increase in Norway's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK90.5M or 80.1%), General industrial machinery and equipment, n.e.s.,... (NOK57.1M or 60%), and Petroleum, petroleum products and related materials (NOK42.4M or 500%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK373M(6.63%)
IMPORT GROWTH (December 2023 - December 2024)NOK189M(9.45%)

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 Finland and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $6.38B to Finland. The main products exported from Norway to Finland were Crude Petroleum ($5.01B), Non-fillet Fresh Fish ($316M), and Petroleum Gas ($172M). During the last 5 years the exports of Norway to Finland have increased at an annualized rate of 23.5%, from $2.22B in 2018 to $6.38B in 2023.

In 2018, Finland exported $2.38B to Norway. The main products exported from Finland to Norway were Nickel Mattes ($316M), Electrical Transformers ($102M), and Rubber Tires ($82.5M). During the last 5 years the exports of Finland to Norway have increased at an annualized rate of 3.66%, from $1.98B in 2023 to $2.38B in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Norway than Finland included United Kingdom ($32.6B), Germany ($33.8B), and Denmark ($12.7B).

In 2023, countries that imported more from Finland than Norway included United States ($9.68B), Estonia ($2.4B), and Switzerland ($1.71B).

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

Comparative Advantage Norway - Finland

Flow
Scale

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

During 2023, Norway had a large net trade with Finland in the exports of Mineral Products ($5.29B), Animal Products ($359M), and Metals ($297M).

During 2018, Finland had a large net trade with Norway in the exports of Metals ($625M), Machines ($611M), and Transportation ($269M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Finland+$218MPetroleum Gas
Top Product Potential Finland Norway+$51.2MCars

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 Finland worth $865M, with Other business services ($374M), Travel ($195M), and Transportation ($138M) being the largest in terms of value.

In 2020, Finland exported services to Norway worth $700M, with Computer and information services ($308M), Other business services ($163M), and Transportation ($132M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (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 Finland. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Norway.

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

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