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2022
Flag → Flag
Exports $6.36BRnk 9 / 209
2022
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Top Product $5.05BCrude Petroleum
2022
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Exports $2.35BRnk 12 / 207
2022
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Top Product $269MNickel Mattes
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 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$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 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$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Norway-Finland Trade: In 2022, Norway exported $6.36B to Finland. The main products that Norway exported to Finland were Crude Petroleum ($5.05B), Non-fillet Fresh Fish ($176M), and Ferroalloys ($126M). Over the past 5 years the exports of Norway to Finland have increased at an annualized rate of 30.4%, from $1.69B in 2017 to $6.36B in 2022.

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 2022, Finland exported $2.35B to Norway. The main products that Finland exported to Norway were Nickel Mattes ($269M), Rubber Tires ($92.3M), and Electrical Transformers ($71.9M). Over the past 5 years the exports of Finland to Norway have increased at an annualized rate of 5.99%,  from $1.75B in 2017 to $2.35B in 2022.

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 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK6.77B and imported NOK2.72B from Finland, resulting in a positive trade balance of NOK4.05B. Between October 2023 and October 2024 the exports of Norway have increased by NOK458M (7.26%) from NOK6.31B to NOK6.77B, while imports increased by NOK100M (3.83%) from NOK2.62B to NOK2.72B.

Trade In October 2024, the top exports of Norway to Finland were Petroleum, petroleum products and related materials (NOK3.99B), Fish (not marine mammals), crustaceans, molluscs... (NOK142M), Iron and steel (NOK131M), Non-ferrous metals (NOK105M), and Miscellaneous manufactured articles, n.e.s. (NOK54.4M). In October 2024 the top imports of Norway from Finland were Metalliferous ores and metal scrap (NOK323M), Machinery specialized for particular industries (NOK195M), Road vehicles (including air-cushion vehicles) (NOK178M), Manufactures of metals, n.e.s. (NOK132M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK113M).

Growth In October 2024, the increase in Norway's year-by-year exports to Finland was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK2.61B or 188%), Miscellaneous manufactured articles, n.e.s. (NOK33.6M or 161%), and Inorganic chemicals (NOK25.5M or 585%). In October 2024, the increase in Norway's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Metalliferous ores and metal scrap (NOK308M or 2.03k%), Machinery specialized for particular industries (NOK56.2M or 40.4%), and Manufactures of metals, n.e.s. (NOK44.9M or 51.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK458M(7.26%)
IMPORT GROWTH (October 2023 - October 2024)NOK100M(3.83%)

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 2022, Norway exported $6.36B to Finland. The main products exported from Norway to Finland were Crude Petroleum ($5.05B), Non-fillet Fresh Fish ($176M), and Ferroalloys ($126M). During the last 5 years the exports of Norway to Finland have increased at an annualized rate of 30.4%, from $1.69B in 2017 to $6.36B in 2022.

In 2017, Finland exported $2.35B to Norway. The main products exported from Finland to Norway were Nickel Mattes ($269M), Rubber Tires ($92.3M), and Electrical Transformers ($71.9M). During the last 5 years the exports of Finland to Norway have increased at an annualized rate of 5.99%, from $1.75B in 2022 to $2.35B in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Finland than Norway included United States ($9.17B), Estonia ($3.58B), and Russia ($2.14B).

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

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 2022, Norway had a large net trade with Finland in the exports of Mineral Products ($5.22B), Metals ($436M), and Animal Products ($224M).

During 2017, Finland had a large net trade with Norway in the exports of Metals ($568M), Machines ($506M), and Transportation ($310M).

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) (2022)

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