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2022
Flag → Flag
Exports $566MRnk 27 / 209
2022
Flag → Flag
Top Product $243MPetroleum Gas
2022
Flag → Flag
Exports $139MRnk 57 / 208
2022
Flag → Flag
Top Product $22.7MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 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$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 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$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Norway-Greece Trade: In 2022, Norway exported $566M to Greece. The main products that Norway exported to Greece were Petroleum Gas ($243M), Crude Petroleum ($99.4M), and Non-fillet Fresh Fish ($33.6M). Over the past 5 years the exports of Norway to Greece have increased at an annualized rate of 32.6%, from $138M in 2017 to $566M in 2022.

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 2022, Greece exported $139M to Norway. The main products that Greece exported to Norway were Refined Petroleum ($22.7M), Other Small Iron Pipes ($15.2M), and Packaged Medicaments ($13M). Over the past 5 years the exports of Greece to Norway have increased at an annualized rate of 2.27%,  from $90.9M in 2017 to $139M in 2022.

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 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK653M and imported NOK310M from Greece, resulting in a positive trade balance of NOK343M. Between October 2023 and October 2024 the exports of Norway have increased by NOK512M (364%) from NOK141M to NOK653M, while imports increased by NOK200M (181%) from NOK110M to NOK310M.

Trade In October 2024, the top exports of Norway to Greece were Petroleum, petroleum products and related materials (NOK1.65B), Fish (not marine mammals), crustaceans, molluscs... (NOK57.2M), Iron and steel (NOK38.1M), Chemical materials and products, n.e.s. (NOK24.2M), and Animal oils and fats (NOK18.2M). In October 2024 the top imports of Norway from Greece were Iron and steel (NOK224M), Medicinal and pharmaceutical products (NOK35.1M), Vegetables and fruit (NOK9.41M), Articles of apparel and clothing accessories (NOK8.73M), and Dairy products and birds' eggs (NOK7.74M).

Growth In October 2024, the increase in Norway's year-by-year exports to Greece was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK1.65B or 4.99M%), Iron and steel (NOK37.7M or 10.6k%), and Animal oils and fats (NOK12.2M or 203%). In October 2024, the increase in Norway's year-by-year imports  from Greece was explained primarily by an increase in product imports  in Iron and steel (NOK224M or 640k%), Medicinal and pharmaceutical products (NOK31.7M or 915%), and Cereals and cereal preparations (NOK4.27M or 717%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK512M(364%)
IMPORT GROWTH (October 2023 - October 2024)NOK200M(181%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $566M to Greece. The main products exported from Norway to Greece were Petroleum Gas ($243M), Crude Petroleum ($99.4M), and Non-fillet Fresh Fish ($33.6M). During the last 5 years the exports of Norway to Greece have increased at an annualized rate of 32.6%, from $138M in 2017 to $566M in 2022.

In 2017, Greece exported $139M to Norway. The main products exported from Greece to Norway were Refined Petroleum ($22.7M), Other Small Iron Pipes ($15.2M), and Packaged Medicaments ($13M). During the last 5 years the exports of Greece to Norway have increased at an annualized rate of 2.27%, from $90.9M in 2022 to $139M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Greece than Norway included Bulgaria ($3.62B), Cyprus ($2.92B), and Libya ($1.95B).

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

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 2022, Norway had a large net trade with Greece in the exports of Mineral Products ($343M), Animal Products ($50.3M), and Machines ($49.1M).

During 2017, Greece had a large net trade with Norway in the exports of Mineral Products ($26M), Metals ($21.7M), and Chemical Products ($19.7M).

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.

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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) (2022)

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