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Pricing

2022
Flag → Flag
Exports $98.9MRnk 59 / 209
2022
Flag → Flag
Top Product $42.6MNon-fillet Fresh Fish
2022
Flag → Flag
Exports $1.98MRnk 93 / 156
2022
Flag → Flag
Top Product $522kSurveying Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 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$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 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$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Norway-Kuwait Trade: In 2022, Norway exported $98.9M to Kuwait. The main products that Norway exported to Kuwait were Non-fillet Fresh Fish ($42.6M), Fish Fillets ($7.79M), and Surveying Equipment ($6.27M). Over the past 5 years the exports of Norway to Kuwait have increased at an annualized rate of 19.4%, from $40.7M in 2017 to $98.9M in 2022.

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

Kuwait-Norway Trade: In 2022, Kuwait exported $1.98M to Norway. The main products that Kuwait exported to Norway were Surveying Equipment ($522k), Low-voltage Protection Equipment ($325k), and Gas and Liquid Flow Measuring Instruments ($314k). Over the past 5 years the exports of Kuwait to Norway have decreased at an annualized rate of 1.48%,  from $2.67M in 2017 to $1.98M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK21.3M and imported NOK57.6M from Kuwait, resulting in a negative trade balance of NOK36.2M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-6.77M (-24.1%) from NOK28.1M to NOK21.3M, while imports increased by NOK57.6M (1.44M%) from NOK4k to NOK57.6M.

Trade In October 2024, the top exports of Norway to Kuwait were Fish (not marine mammals), crustaceans, molluscs... (NOK10.7M), Non-ferrous metals (NOK4.37M), Beverages (NOK2.09M), Telecommunications and sound-recording and reproducing apparatus... (NOK696k), and Chemical materials and products, n.e.s. (NOK580k). In October 2024 the top imports of Norway from Kuwait were General industrial machinery and equipment, n.e.s.,... (NOK94k), Power-generating machinery and equipment (NOK4k), Articles of apparel and clothing accessories (NOK2k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In October 2024, the decrease in Norway's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-1.47M or -92.2%), General industrial machinery and equipment, n.e.s.,... (NOK-136k or -86.1%), and Power-generating machinery and equipment (NOK-99k or -100%). In October 2024, 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 (October 2023 - October 2024)NOK-6.77M(-24.1%)
IMPORT GROWTH (October 2023 - October 2024)NOK57.6M(1.44M%)

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 2022, Norway exported $98.9M to Kuwait. The main products exported from Norway to Kuwait were Non-fillet Fresh Fish ($42.6M), Fish Fillets ($7.79M), and Surveying Equipment ($6.27M). During the last 5 years the exports of Norway to Kuwait have increased at an annualized rate of 19.4%, from $40.7M in 2017 to $98.9M in 2022.

In 2017, Kuwait exported $1.98M to Norway. The main products exported from Kuwait to Norway were Surveying Equipment ($522k), Low-voltage Protection Equipment ($325k), and Gas and Liquid Flow Measuring Instruments ($314k). During the last 5 years the exports of Kuwait to Norway have decreased at an annualized rate of 1.48%, from $2.67M in 2022 to $1.98M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Kuwait
Top DestinationChina$24.3B

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 2022, countries that imported more from Norway than Kuwait included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Kuwait than Norway included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

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 2022, Norway had a large net trade with Kuwait in the exports of Animal Products ($53.5M), Chemical Products ($15.2M), and Machines ($8.31M).

During 2017, Kuwait had a large net trade with Norway in the exports of Instruments ($1.04M), Machines ($641k), and Metals ($206k).

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) (2022)

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