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2023
Flag → Flag
Exports $234MRnk 46 / 205
2023
Flag → Flag
Top Product $41.4MNon-fillet Fresh Fish
2023
Flag → Flag
Exports $488MRnk 48 / 221
2023
Flag → Flag
Top Product $41.7MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 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
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
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GDP GROWTH23.6%CURRENT US$
Rnk 130 / 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
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GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Norway-Malaysia Trade: In 2023, Norway exported $234M to Malaysia. The main products that Norway exported to Malaysia were Non-fillet Fresh Fish ($41.4M), Mixed Mineral or Chemical Fertilizers ($19M), and Raw Nickel ($14.2M). Over the past 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 0.95%, from $246M in 2018 to $234M in 2023.

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

Malaysia-Norway Trade: In 2023, Malaysia exported $488M to Norway. The main products that Malaysia exported to Norway were Refined Petroleum ($41.7M), Integrated Circuits ($39.4M), and Raw Aluminium ($35.5M). Over the past 5 years the exports of Malaysia to Norway have increased at an annualized rate of 2.35%,  from $434M in 2018 to $488M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK230M and imported NOK368M from Malaysia, resulting in a negative trade balance of NOK138M. Between December 2023 and December 2024 the exports of Norway have increased by NOK37.8M (19.6%) from NOK192M to NOK230M, while imports increased by NOK96.5M (35.6%) from NOK271M to NOK368M.

Trade In December 2024, the top exports of Norway to Malaysia were Professional, scientific and controlling instruments and... (NOK45.7M), Fish (not marine mammals), crustaceans, molluscs... (NOK37.3M), Inorganic chemicals (NOK17.9M), Manufactures of metals, n.e.s. (NOK9.45M), and Non-ferrous metals (NOK8.3M). In December 2024 the top imports of Norway from Malaysia were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK106M), Telecommunications and sound-recording and reproducing apparatus... (NOK60.2M), Professional, scientific and controlling instruments and... (NOK35.2M), Articles of apparel and clothing accessories (NOK24.4M), and General industrial machinery and equipment, n.e.s.,... (NOK23.3M).

Growth In December 2024, the increase in Norway's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Professional, scientific and controlling instruments and... (NOK20.8M or 83.7%), Inorganic chemicals (NOK12.6M or 237%), and Telecommunications and sound-recording and reproducing apparatus... (NOK4.15M or 233%). In December 2024, the increase in Norway's year-by-year imports  from Malaysia was explained primarily by an increase in product imports  in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK35.4M or 50.1%), Telecommunications and sound-recording and reproducing apparatus... (NOK24.4M or 68.3%), and Professional, scientific and controlling instruments and... (NOK6.15M or 21.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK37.8M(19.6%)
IMPORT GROWTH (December 2023 - December 2024)NOK96.5M(35.6%)

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 Malaysia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $234M to Malaysia. The main products exported from Norway to Malaysia were Non-fillet Fresh Fish ($41.4M), Mixed Mineral or Chemical Fertilizers ($19M), and Raw Nickel ($14.2M). During the last 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 0.95%, from $246M in 2018 to $234M in 2023.

In 2018, Malaysia exported $488M to Norway. The main products exported from Malaysia to Norway were Refined Petroleum ($41.7M), Integrated Circuits ($39.4M), and Raw Aluminium ($35.5M). During the last 5 years the exports of Malaysia to Norway have increased at an annualized rate of 2.35%, from $434M in 2023 to $488M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Malaysia
Top DestinationChina$79.8B

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

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

In 2023, countries that imported more from Malaysia than Norway included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

Comparative Advantage Norway - Malaysia

Flow
Scale

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

During 2023, Norway had a large net trade with Malaysia in the exports of Chemical Products ($65.2M), Animal Products ($48.5M), and Machines ($39.6M).

During 2018, Malaysia had a large net trade with Norway in the exports of Machines ($253M), Metals ($63.8M), and Instruments ($56.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Malaysia+$3.58MNon-fillet Frozen Fish
Top Product Potential Malaysia Norway+$20.7MTelephones

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

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

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