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2022
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Exports $262MRnk 41 / 209
2022
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Top Product $58.5MCrude Petroleum
2022
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Exports $301MRnk 58 / 216
2022
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Top Product $76.7MNickel Mattes
2022
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Economic Complexity (ECI) ECI 0.58Rnk 41 / 124
2022
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Economic Complexity (ECI) ECI -0.078Rnk 67 / 124
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$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Norway-Indonesia In 2022, Norway exported $262M to Indonesia. The main products that Norway exported to Indonesia are Crude Petroleum ($58.5M), Refined Petroleum ($51M), and Mixed Mineral or Chemical Fertilizers ($25.4M). During the last 27 years the exports of Norway to Indonesia have increased at an annualized rate of 3.23%, from $111M in 1995 to $262M in 2022.

In 2022, Norway did not export any services to Indonesia.

Indonesia-Norway In 2022, Indonesia exported $301M to Norway. The main products that Indonesia exported to Norway were Nickel Mattes ($76.7M), Iron Pipes ($17.7M), and Wood Charcoal ($17.4M). During the last 27 years the exports of Indonesia to Norway have increased at an annualized rate of 6.9%, from $49.8M in 1995 to $301M in 2022.

In 2022, Indonesia did not export any services to Norway.

Comparison In 2022,  Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.078), and 26 in total exports ($320B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK987M and imported NOK341M from Indonesia, resulting in a positive trade balance of NOK645M. Between February 2023 and February 2024 the exports of Norway have increased by NOK823M (502%) from NOK164M to NOK987M, while imports increased by NOK152M (80.6%) from NOK189M to NOK341M.

Trade In February 2024, the top exports of Norway to Indonesia were Chemical materials and products, n.e.s. (NOK74.9M), Fish (not marine mammals), crustaceans, molluscs... (NOK28.4M), General industrial machinery and equipment, n.e.s.,... (NOK16.9M), Iron and steel (NOK7.48M), and Road vehicles (including air-cushion vehicles) (NOK7.02M). In February 2024 the top imports of Norway from Indonesia were Cork and wood (NOK37.6M), Footwear (NOK37.3M), Articles of apparel and clothing accessories (NOK24.6M), Miscellaneous manufactured articles, n.e.s. (NOK12.6M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK9.82M).

Growth In February 2024, the increase in Norway's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK69.1M or 1.19k%), General industrial machinery and equipment, n.e.s.,... (NOK16.6M or 4.4k%), and Fish (not marine mammals), crustaceans, molluscs... (NOK11.3M or 66%). In February 2024, the increase in Norway's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Footwear (NOK11.8M or 46.4%), Cork and wood (NOK7.49M or 24.8%), and Road vehicles (including air-cushion vehicles) (NOK7.11M or 389%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (February 2023 - February 2024)NOK823M(502%)
IMPORT GROWTH (February 2023 - February 2024)NOK152M(80.6%)

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 Indonesia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $262M to Indonesia. The main products exported from Norway to Indonesia were Crude Petroleum ($58.5M), Refined Petroleum ($51M), and Mixed Mineral or Chemical Fertilizers ($25.4M). During the last 27 years the exports of Norway to Indonesia have increased at an annualized rate of 3.23%, from $111M in 1995 to $262M in 2022.

In 2022, Indonesia exported $301M to Norway. The main products exported from Indonesia to Norway were Nickel Mattes ($76.7M), Iron Pipes ($17.7M), and Wood Charcoal ($17.4M). During the last 27 years the exports of Indonesia to Norway have increased at an annualized rate of 6.9%, from $49.8M in 1995 to $301M in 2022.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Indonesia
Top DestinationChina$67.7B

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

In 2021, countries that imported more from Norway than Indonesia were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Indonesia than Norway were China ($67.7B), United States ($31.6B), and Japan ($26.6B).

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

Comparative Advantage Norway - Indonesia

Flow
Scale

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

During 2022, Norway had a large net trade with Indonesia in the exports of Mineral Products ($110M), Chemical Products ($51.8M), and Machines ($33.7M).

During 2022, Indonesia had a large net trade with Norway in the exports of Metals ($105M), Machines ($52M), and Footwear and Headwear ($32.8M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Indonesia. Similarly, the more yellow a dot/product is, the more Indonesia has comparative advantage over Norway.

Product Space of Norway (Flag) and Indonesia (Flag) (2022)

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