2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Norway-Hong Kong Trade: In 2022, Norway exported $296M to Hong Kong. The main products that Norway exported to Hong Kong were Non-fillet Fresh Fish ($110M), Raw Nickel ($85.9M), and Fish Fillets ($15.8M). Over the past 5 years the exports of Norway to Hong Kong have increased at an annualized rate of 8.02%, from $201M in 2017 to $296M in 2022.

In 2010, Norway exported services to Hong Kong worth $49.4M, with Services not allocated ($25.4M), Computer and information services ($21.4M), and Transportation ($2.67M) being the largest in terms of value.

Hong Kong-Norway Trade: In 2022, Hong Kong exported $169M to Norway. The main products that Hong Kong exported to Norway were Buses ($28.8M), Computers ($9.12M), and Jewellery ($8.23M). Over the past 5 years the exports of Hong Kong to Norway have increased at an annualized rate of 5.48%,  from $130M in 2017 to $169M in 2022.

In 2022, Hong Kong did not export any services to Norway.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $296M to Hong Kong. The main products exported from Norway to Hong Kong were Non-fillet Fresh Fish ($110M), Raw Nickel ($85.9M), and Fish Fillets ($15.8M). During the last 5 years the exports of Norway to Hong Kong have increased at an annualized rate of 8.02%, from $201M in 2017 to $296M in 2022.

In 2017, Hong Kong exported $169M to Norway. The main products exported from Hong Kong to Norway were Buses ($28.8M), Computers ($9.12M), and Jewellery ($8.23M). During the last 5 years the exports of Hong Kong to Norway have increased at an annualized rate of 5.48%, from $130M in 2022 to $169M in 2017.

Exports from Norway (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Hong Kong
Top Destination
China$23.4B

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

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

In 2022, countries that imported more from Hong Kong than Norway included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Hong Kong

Flow
Scale

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

During 2022, Norway had a large net trade with Hong Kong in the exports of Animal Products ($136M), Metals ($98.4M), and Machines ($22.1M).

During 2017, Hong Kong had a large net trade with Norway in the exports of Machines ($50.2M), Transportation ($31.2M), and Miscellaneous ($15.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Hong Kong+$3.48MFish Fillets
Top Product Potential Hong Kong Norway+$11MComputers

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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Economic Complexity

Competitive Landscape

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

Product Space of Norway (Flag) and Hong Kong (Flag) (2022)

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