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2023
Flag → Flag
Exports $41.8MRnk 72 / 205
2023
Flag → Flag
Top Product $11.8MNon-fillet Fresh Fish
2023
Flag → Flag
Exports $88MRnk 42 / 159
2023
Flag → Flag
Top Product $87.2MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Norway-Kuwait Trade: In 2023, Norway exported $41.8M to Kuwait. The main products that Norway exported to Kuwait were Non-fillet Fresh Fish ($11.8M), Fish Fillets ($7.47M), and Packaged Medicaments ($2M). Over the past 5 years the exports of Norway to Kuwait have decreased at an annualized rate of 5.78%, from $56.3M in 2018 to $41.8M in 2023.

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

Kuwait-Norway Trade: In 2023, Kuwait exported $88M to Norway. The main products that Kuwait exported to Norway were Refined Petroleum ($87.2M), Ferroalloys ($563k), and Surveying Equipment ($148k). Over the past 5 years the exports of Kuwait to Norway have increased at an annualized rate of 127%,  from $1.48M in 2018 to $88M in 2023.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK15M and imported NOK135M from Kuwait, resulting in a negative trade balance of NOK120M. Between January 2024 and January 2025 the exports of Norway have decreased by NOK-3.56M (-19.2%) from NOK18.5M to NOK15M, while imports increased by NOK135M (6.73M%) from NOK2k to NOK135M.

Trade In January 2025, the top exports of Norway to Kuwait were Fish (not marine mammals), crustaceans, molluscs... (NOK10.4M), Non-ferrous metals (NOK3.81M), General industrial machinery and equipment, n.e.s.,... (NOK1.45M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK1.33M), and Telecommunications and sound-recording and reproducing apparatus... (NOK462k). In January 2025 the top imports of Norway from Kuwait were Essential oils and resinoids and perfume... (NOK2k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In January 2025, the decrease in Norway's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Beverages (NOK-2M or -95.7%), Chemical materials and products, n.e.s. (NOK-580k or -100%), and Non-ferrous metals (NOK-558k or -12.8%). In January 2025, the increase in Norway's year-by-year imports  from Kuwait was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2024 - January 2025)NOK-3.56M(-19.2%)
IMPORT GROWTH (January 2024 - January 2025)NOK135M(6.73M%)

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 Kuwait and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $41.8M to Kuwait. The main products exported from Norway to Kuwait were Non-fillet Fresh Fish ($11.8M), Fish Fillets ($7.47M), and Packaged Medicaments ($2M). During the last 5 years the exports of Norway to Kuwait have decreased at an annualized rate of 5.78%, from $56.3M in 2018 to $41.8M in 2023.

In 2018, Kuwait exported $88M to Norway. The main products exported from Kuwait to Norway were Refined Petroleum ($87.2M), Ferroalloys ($563k), and Surveying Equipment ($148k). During the last 5 years the exports of Kuwait to Norway have increased at an annualized rate of 127%, from $1.48M in 2023 to $88M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Kuwait
Top DestinationChina$17.4B

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

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

In 2023, countries that imported more from Kuwait than Norway included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Norway - Kuwait

Flow
Scale

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

During 2023, Norway had a large net trade with Kuwait in the exports of Animal Products ($21.1M), Machines ($6.86M), and Chemical Products ($4.24M).

During 2018, Kuwait had a large net trade with Norway in the exports of Mineral Products ($87.2M), Metals ($570k), and Instruments ($152k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Kuwait+$2.63MPackaged Medicaments
Top Product Potential Kuwait Norway+$234kSurveying Equipment

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

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

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