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2022
Flag → Flag
Exports $205MRnk 47 / 209
2022
Flag → Flag
Top Product $37.9MNon-fillet Fresh Fish
2022
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Exports $389MRnk 55 / 218
2022
Flag → Flag
Top Product $48.5MExcavation Machinery
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 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$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Norway-Malaysia Trade: In 2022, Norway exported $205M to Malaysia. The main products that Norway exported to Malaysia were Non-fillet Fresh Fish ($37.9M), Mixed Mineral or Chemical Fertilizers ($16M), and Inorganic Salts ($14.8M). Over the past 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 7.91%, from $310M in 2017 to $205M in 2022.

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

Malaysia-Norway Trade: In 2022, Malaysia exported $389M to Norway. The main products that Malaysia exported to Norway were Excavation Machinery ($48.5M), Surveying Equipment ($33.8M), and Inedible Fats and Oils ($21.2M). Over the past 5 years the exports of Malaysia to Norway have increased at an annualized rate of 1.79%,  from $356M in 2017 to $389M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK194M and imported NOK612M from Malaysia, resulting in a negative trade balance of NOK419M. Between October 2023 and October 2024 the exports of Norway have increased by NOK12.4M (6.84%) from NOK181M to NOK194M, while imports decreased by NOK-251M (-29.1%) from NOK863M to NOK612M.

Trade In October 2024, the top exports of Norway to Malaysia were Fish (not marine mammals), crustaceans, molluscs... (NOK33.5M), Professional, scientific and controlling instruments and... (NOK24.9M), Machinery specialized for particular industries (NOK14.7M), General industrial machinery and equipment, n.e.s.,... (NOK13.5M), and Rubber manufactures, n.e.s. (NOK11.4M). In October 2024 the top imports of Norway from Malaysia were Machinery specialized for particular industries (NOK181M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK70.7M), Telecommunications and sound-recording and reproducing apparatus... (NOK35.8M), General industrial machinery and equipment, n.e.s.,... (NOK32.4M), and Professional, scientific and controlling instruments and... (NOK29.1M).

Growth In October 2024, the increase in Norway's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Machinery specialized for particular industries (NOK12.4M or 540%), Rubber manufactures, n.e.s. (NOK11.2M or 4.22k%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK7.27M or 353%). In October 2024, the decrease in Norway's year-by-year imports  from Malaysia was explained primarily by an decrease in product imports  in Office machines and automatic data-processing machines (NOK-93M or -87.9%), Articles of apparel and clothing accessories (NOK-9.23M or -25.3%), and Essential oils and resinoids and perfume... (NOK-4.6M or -58.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK12.4M(6.84%)
IMPORT GROWTH (October 2023 - October 2024)NOK-251M(-29.1%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $205M to Malaysia. The main products exported from Norway to Malaysia were Non-fillet Fresh Fish ($37.9M), Mixed Mineral or Chemical Fertilizers ($16M), and Inorganic Salts ($14.8M). During the last 5 years the exports of Norway to Malaysia have decreased at an annualized rate of 7.91%, from $310M in 2017 to $205M in 2022.

In 2017, Malaysia exported $389M to Norway. The main products exported from Malaysia to Norway were Excavation Machinery ($48.5M), Surveying Equipment ($33.8M), and Inedible Fats and Oils ($21.2M). During the last 5 years the exports of Malaysia to Norway have increased at an annualized rate of 1.79%, from $356M in 2022 to $389M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Malaysia than Norway included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

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 2022, Norway had a large net trade with Malaysia in the exports of Chemical Products ($50M), Animal Products ($47.3M), and Machines ($38.8M).

During 2017, Malaysia had a large net trade with Norway in the exports of Machines ($201M), Instruments ($57.1M), and Plastics and Rubbers ($38.3M).

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) (2022)

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