Norway-South Korea Trade: In 2022, Norway exported $1.72B to South Korea. The main products that Norway exported to South Korea were Crude Petroleum ($319M), Non-fillet Fresh Fish ($244M), and Platinum ($215M). Over the past 5 years the exports of Norway to South Korea have increased at an annualized rate of 9.77%, from $1.08B in 2017 to $1.72B in 2022.
In 2022, Norway did not export any services to South Korea.
South Korea-Norway Trade: In 2022, South Korea exported $1.14B to Norway. The main products that South Korea exported to Norway were Passenger and Cargo Ships ($365M), Cars ($364M), and Other Plastic Products ($102M). Over the past 5 years the exports of South Korea to Norway have decreased at an annualized rate of 12.8%, from $5.15B in 2017 to $1.14B in 2022.
In 2005, South Korea exported services to Norway worth $131M, with Transportation ($74.4M), Other business services ($26.6M), and Travel ($14.6M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).