2023
Flag  
GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 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
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Norway-New Zealand Trade: In 2023, Norway exported $50.1M to New Zealand. The main products that Norway exported to New Zealand were Mixed Mineral or Chemical Fertilizers ($6.44M), Dried/Salted/Smoked/Brined Fish ($6.06M), and Fish Fillets ($4.38M). Over the past 5 years the exports of Norway to New Zealand have decreased at an annualized rate of 13.8%, from $105M in 2018 to $50.1M in 2023.

In 2009, Norway exported services to New Zealand worth $36.9M, with Transportation ($14.9M), Financial services ($9.75M), and Travel ($7.35M) being the largest in terms of value.

New Zealand-Norway Trade: In 2023, New Zealand exported $41.2M to Norway. The main products that New Zealand exported to Norway were Other Fruits ($4.13M), Sheep and Goat Meat ($3.91M), and Onions ($2.47M). Over the past 5 years the exports of New Zealand to Norway have decreased at an annualized rate of 4.55%,  from $52M in 2018 to $41.2M in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $50.1M to New Zealand. The main products exported from Norway to New Zealand were Mixed Mineral or Chemical Fertilizers ($6.44M), Dried/Salted/Smoked/Brined Fish ($6.06M), and Fish Fillets ($4.38M). During the last 5 years the exports of Norway to New Zealand have decreased at an annualized rate of 13.8%, from $105M in 2018 to $50.1M in 2023.

In 2018, New Zealand exported $41.2M to Norway. The main products exported from New Zealand to Norway were Other Fruits ($4.13M), Sheep and Goat Meat ($3.91M), and Onions ($2.47M). During the last 5 years the exports of New Zealand to Norway have decreased at an annualized rate of 4.55%, from $52M in 2023 to $41.2M in 2018.

Exports from Norway (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top Destination
Germany$33.8B
New Zealand
Top Destination
China$12.3B

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

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

In 2023, countries that imported more from New Zealand than Norway included China ($12.3B), Australia ($5.2B), and Japan ($2.62B).

Difference in imports from New Zealand (Flag) and Norway (Flag) (2023)

Comparative Advantage Norway - New Zealand

Flow
Scale

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

During 2023, Norway had a large net trade with New Zealand in the exports of Chemical Products ($12.5M), Animal Products ($11.5M), and Machines ($7.58M).

During 2018, New Zealand had a large net trade with Norway in the exports of Vegetable Products ($11.3M), Animal Products ($7.09M), and Machines ($4.76M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway New Zealand+$1.26MDelivery Trucks
Top Product Potential New Zealand Norway+$2.01MWine

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and New Zealand. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and New Zealand (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with