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2023
Flag → Flag
Exports $247MRnk 42 / 205
2023
Flag → Flag
Top Product $65.1MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $629MRnk 39 / 213
2023
Flag → Flag
Top Product $398MNickel Mattes
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Norway-Indonesia Trade: In 2023, Norway exported $247M to Indonesia. The main products that Norway exported to Indonesia were Mixed Mineral or Chemical Fertilizers ($65.1M), Non-fillet Fresh Fish ($22.5M), and Artificial Graphite ($19.8M). Over the past 5 years the exports of Norway to Indonesia have increased at an annualized rate of 3.52%, from $208M in 2018 to $247M in 2023.

In 2023, Norway did not export any services to Indonesia.

Indonesia-Norway Trade: In 2023, Indonesia exported $629M to Norway. The main products that Indonesia exported to Norway were Nickel Mattes ($398M), Wood Charcoal ($29.3M), and Special Purpose Ships ($27.5M). Over the past 5 years the exports of Indonesia to Norway have increased at an annualized rate of 24.1%,  from $172M in 2018 to $629M in 2023.

In 2023, Indonesia did not export any services to Norway.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK115M and imported NOK204M from Indonesia, resulting in a negative trade balance of NOK89.2M. Between January 2024 and January 2025 the exports of Norway have decreased by NOK-7.05M (-5.79%) from NOK122M to NOK115M, while imports increased by NOK34M (20%) from NOK170M to NOK204M.

Trade In January 2025, the top exports of Norway to Indonesia were Chemical materials and products, n.e.s. (NOK41.3M), Fish (not marine mammals), crustaceans, molluscs... (NOK35.3M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK12.3M), General industrial machinery and equipment, n.e.s.,... (NOK6.91M), and Inorganic chemicals (NOK4.76M). In January 2025 the top imports of Norway from Indonesia were Cork and wood (NOK49.4M), Footwear (NOK33.5M), Articles of apparel and clothing accessories (NOK25.1M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK16.8M), and Miscellaneous manufactured articles, n.e.s. (NOK12.6M).

Growth In January 2025, the decrease in Norway's year-by-year exports to Indonesia was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-33.6M or -44.9%), General industrial machinery and equipment, n.e.s.,... (NOK-10M or -59.2%), and Road vehicles (including air-cushion vehicles) (NOK-7.02M or -100%). In January 2025, the increase in Norway's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Cork and wood (NOK11.8M or 31.5%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK7.01M or 71.4%), and Organic chemicals (NOK2.21M or 65.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2024 - January 2025)NOK-7.05M(-5.79%)
IMPORT GROWTH (January 2024 - January 2025)NOK34M(20%)

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.

Explore Indonesia and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $247M to Indonesia. The main products exported from Norway to Indonesia were Mixed Mineral or Chemical Fertilizers ($65.1M), Non-fillet Fresh Fish ($22.5M), and Artificial Graphite ($19.8M). During the last 5 years the exports of Norway to Indonesia have increased at an annualized rate of 3.52%, from $208M in 2018 to $247M in 2023.

In 2018, Indonesia exported $629M to Norway. The main products exported from Indonesia to Norway were Nickel Mattes ($398M), Wood Charcoal ($29.3M), and Special Purpose Ships ($27.5M). During the last 5 years the exports of Indonesia to Norway have increased at an annualized rate of 24.1%, from $172M in 2023 to $629M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Indonesia than Norway included China ($70.7B), India ($24B), and Japan ($23.7B).

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

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 2023, Norway had a large net trade with Indonesia in the exports of Chemical Products ($100M), Animal Products ($39.3M), and Machines ($35.1M).

During 2018, Indonesia had a large net trade with Norway in the exports of Metals ($411M), Footwear and Headwear ($40.6M), and Textiles ($35M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Indonesia+$89.8MCrude Petroleum
Top Product Potential Indonesia Norway+$20.8MNickel Mattes

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 Indonesia. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Norway.

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

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