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2023
Flag → Flag
Exports $32.6BRnk 2 / 205
2023
Flag → Flag
Top Product $13.7BCrude Petroleum
2023
Flag → Flag
Exports $4.32BRnk 23 / 223
2023
Flag → Flag
Top Product $383MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 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$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Norway-United Kingdom Trade: In 2023, Norway exported $32.6B to United Kingdom. The main products that Norway exported to United Kingdom were Crude Petroleum ($13.7B), Petroleum Gas ($13.6B), and Electricity ($1.02B). Over the past 5 years the exports of Norway to United Kingdom have increased at an annualized rate of 4.97%, from $25.6B in 2018 to $32.6B in 2023.

In 2009, Norway exported services to United Kingdom worth $7.2B, with Transportation ($4.13B), Other business services ($1.75B), and Computer and information services ($374M) being the largest in terms of value.

United Kingdom-Norway Trade: In 2023, United Kingdom exported $4.32B to Norway. The main products that United Kingdom exported to Norway were Refined Petroleum ($383M), Animal Food ($181M), and Non-fillet Fresh Fish ($173M). Over the past 5 years the exports of United Kingdom to Norway have decreased at an annualized rate of 1.61%,  from $4.68B in 2018 to $4.32B in 2023.

In 2019, United Kingdom exported services to Norway worth $3.51B, with Other business services ($1.48B), Travel ($737M), and Financial services ($539M) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK35B and imported NOK3.67B from United Kingdom, resulting in a positive trade balance of NOK31.4B. Between December 2023 and December 2024 the exports of Norway have increased by NOK4.61B (15.2%) from NOK30.4B to NOK35B, while imports increased by NOK497M (15.7%) from NOK3.17B to NOK3.67B.

Trade In December 2024, the top exports of Norway to United Kingdom were Gas, natural and manufactured (NOK15.9B), Petroleum, petroleum products and related materials (NOK11.3B), Fish (not marine mammals), crustaceans, molluscs... (NOK591M), Electric current (NOK484M), and Non-ferrous metals (NOK473M). In December 2024 the top imports of Norway from United Kingdom were Fish (not marine mammals), crustaceans, molluscs... (NOK335M), General industrial machinery and equipment, n.e.s.,... (NOK215M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK198M), Machinery specialized for particular industries (NOK176M), and Road vehicles (including air-cushion vehicles) (NOK156M).

Growth In December 2024, the increase in Norway's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Organic chemicals (NOK104M or 277%), Professional, scientific and controlling instruments and... (NOK101M or 107%), and Other transport equipment (NOK88.5M or 314%). In December 2024, the increase in Norway's year-by-year imports  from United Kingdom was explained primarily by an increase in product imports  in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK68.2M or 52.4%), Professional, scientific and controlling instruments and... (NOK56.3M or 58.9%), and Animal or vegetable fats and oils,... (NOK54.4M or 5.84k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK4.61B(15.2%)
IMPORT GROWTH (December 2023 - December 2024)NOK497M(15.7%)

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 United Kingdom and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $32.6B to United Kingdom. The main products exported from Norway to United Kingdom were Crude Petroleum ($13.7B), Petroleum Gas ($13.6B), and Electricity ($1.02B). During the last 5 years the exports of Norway to United Kingdom have increased at an annualized rate of 4.97%, from $25.6B in 2018 to $32.6B in 2023.

In 2018, United Kingdom exported $4.32B to Norway. The main products exported from United Kingdom to Norway were Refined Petroleum ($383M), Animal Food ($181M), and Non-fillet Fresh Fish ($173M). During the last 5 years the exports of United Kingdom to Norway have decreased at an annualized rate of 1.61%, from $4.68B in 2023 to $4.32B in 2018.

Exports from Norway (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Norway than United Kingdom included Denmark ($12.7B), Sweden ($15.9B), and Finland ($6.38B).

In 2023, countries that imported more from United Kingdom than Norway included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - United Kingdom

Flow
Scale

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

During 2023, Norway had a large net trade with United Kingdom in the exports of Mineral Products ($29.4B), Animal Products ($802M), and Metals ($509M).

During 2018, United Kingdom had a large net trade with Norway in the exports of Machines ($1.19B), Mineral Products ($630M), and Metals ($439M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway United Kingdom+$372MRefined Petroleum
Top Product Potential United Kingdom Norway+$126MCars

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 United Kingdom worth $7.2B, with Transportation ($4.13B), Other business services ($1.75B), and Computer and information services ($374M) being the largest in terms of value.

In 2019, United Kingdom exported services to Norway worth $3.51B, with Other business services ($1.48B), Travel ($737M), and Financial services ($539M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to United Kingdom (Flag) (2009)

Services Exports from United Kingdom (Flag) to Norway (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and United Kingdom (Flag) (2023)

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