NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $594MRnk 26 / 205
2023
Flag → Flag
Top Product $359MCrude Petroleum
2023
Flag → Flag
Exports $184MRnk 47 / 214
2023
Flag → Flag
Top Product $46.5MOther Small Iron Pipes
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$23,401CURRENT US$
Rnk 53 / 196
2013-2023
Flag
GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

Norway-Greece Trade: In 2023, Norway exported $594M to Greece. The main products that Norway exported to Greece were Crude Petroleum ($359M), Petroleum Gas ($62.4M), and Non-fillet Fresh Fish ($44.7M). Over the past 5 years the exports of Norway to Greece have increased at an annualized rate of 34.9%, from $133M in 2018 to $594M in 2023.

In 2008, Norway exported services to Greece worth $368M, with Services not allocated ($184M), Transportation ($87.3M), and Other business services ($49.6M) being the largest in terms of value.

Greece-Norway Trade: In 2023, Greece exported $184M to Norway. The main products that Greece exported to Norway were Other Small Iron Pipes ($46.5M), Passenger and Cargo Ships ($19.6M), and Packaged Medicaments ($13.8M). Over the past 5 years the exports of Greece to Norway have increased at an annualized rate of 12.5%,  from $102M in 2018 to $184M in 2023.

In 2020, Greece exported services to Norway worth $63.6M, with Transportation ($32.7M), Other business services ($12.4M), and Travel ($10.5M) 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK270M and imported NOK207M from Greece, resulting in a positive trade balance of NOK63.1M. Between January 2024 and January 2025 the exports of Norway have increased by NOK115M (74.6%) from NOK155M to NOK270M, while imports increased by NOK97.6M (89.2%) from NOK109M to NOK207M.

Trade In January 2025, the top exports of Norway to Greece were Fish (not marine mammals), crustaceans, molluscs... (NOK62.5M), Chemical materials and products, n.e.s. (NOK42.4M), General industrial machinery and equipment, n.e.s.,... (NOK8.84M), Organic chemicals (NOK6.97M), and Animal oils and fats (NOK5.25M). In January 2025 the top imports of Norway from Greece were Articles of apparel and clothing accessories (NOK36.6M), Dairy products and birds' eggs (NOK13.9M), Vegetables and fruit (NOK13.5M), Medicinal and pharmaceutical products (NOK7.62M), and Essential oils and resinoids and perfume... (NOK6.88M).

Growth In January 2025, the increase in Norway's year-by-year exports to Greece was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK18.1M or 74.8%), Fish (not marine mammals), crustaceans, molluscs... (NOK5.35M or 9.35%), and General industrial machinery and equipment, n.e.s.,... (NOK4.54M or 106%). In January 2025, the increase in Norway's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Articles of apparel and clothing accessories (NOK27.9M or 320%), Dairy products and birds' eggs (NOK6.2M or 80.1%), and Essential oils and resinoids and perfume... (NOK4.81M or 232%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2024 - January 2025)NOK115M(74.6%)
IMPORT GROWTH (January 2024 - January 2025)NOK97.6M(89.2%)

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 Greece and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $594M to Greece. The main products exported from Norway to Greece were Crude Petroleum ($359M), Petroleum Gas ($62.4M), and Non-fillet Fresh Fish ($44.7M). During the last 5 years the exports of Norway to Greece have increased at an annualized rate of 34.9%, from $133M in 2018 to $594M in 2023.

In 2018, Greece exported $184M to Norway. The main products exported from Greece to Norway were Other Small Iron Pipes ($46.5M), Passenger and Cargo Ships ($19.6M), and Packaged Medicaments ($13.8M). During the last 5 years the exports of Greece to Norway have increased at an annualized rate of 12.5%, from $102M in 2023 to $184M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Norway than Greece included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Greece than Norway included Cyprus ($3.03B), Bulgaria ($2.38B), and Lebanon ($1.78B).

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

Comparative Advantage Norway - Greece

Flow
Scale

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

During 2023, Norway had a large net trade with Greece in the exports of Mineral Products ($422M), Animal Products ($60.8M), and Chemical Products ($37.1M).

During 2018, Greece had a large net trade with Norway in the exports of Metals ($58.9M), Transportation ($21.8M), and Chemical Products ($21.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Greece+$221MPetroleum Gas
Top Product Potential Greece Norway+$29.9MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2008, Norway exported services to Greece worth $368M, with Services not allocated ($184M), Transportation ($87.3M), and Other business services ($49.6M) being the largest in terms of value.

In 2020, Greece exported services to Norway worth $63.6M, with Transportation ($32.7M), Other business services ($12.4M), and Travel ($10.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Greece (Flag) (2008)

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms