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2022
Flag → Flag
Exports $296MRnk 39 / 209
2022
Flag → Flag
Top Product $110MNon-fillet Fresh Fish
2022
Flag → Flag
Exports $169MRnk 46 / 198
2022
Flag → Flag
Top Product $28.8MBuses
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%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).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK200M and imported NOK190M from Hong Kong, resulting in a positive trade balance of NOK10M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-4.71M (-2.3%) from NOK204M to NOK200M, while imports increased by NOK121M (177%) from NOK68.3M to NOK190M.

Trade In October 2024, the top exports of Norway to Hong Kong were Fish (not marine mammals), crustaceans, molluscs... (NOK110M), Plastics in primary forms (NOK20.8M), Medicinal and pharmaceutical products (NOK7.35M), Professional, scientific and controlling instruments and... (NOK5.76M), and Miscellaneous edible products and preparations (NOK5.27M). In October 2024 the top imports of Norway from Hong Kong were Office machines and automatic data-processing machines (NOK28.4M), Miscellaneous manufactured articles, n.e.s. (NOK14.1M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK10.7M), Iron and steel (NOK8.23M), and Articles of apparel and clothing accessories (NOK5.99M).

Growth In October 2024, the decrease in Norway's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Non-ferrous metals (NOK-87.9M or -100%), Telecommunications and sound-recording and reproducing apparatus... (NOK-7.99M or -70.5%), and Metalliferous ores and metal scrap (NOK-5.18M or -52.7%). In October 2024, the increase in Norway's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Office machines and automatic data-processing machines (NOK24.1M or 559%), Iron and steel (NOK4.32M or 111%), and Non-metallic mineral manufactures, n.e.s. (NOK1.7M or 85.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-4.71M(-2.3%)
IMPORT GROWTH (October 2023 - October 2024)NOK121M(177%)

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 Hong Kong and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Norway Data

Go to Bulk Download

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 DestinationGermany$78.1B
Hong Kong
Top DestinationChina$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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