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2022
Flag → Flag
Exports $109MRnk 57 / 209
2022
Flag → Flag
Top Product $25MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $68.1MRnk 47 / 205
2022
Flag → Flag
Top Product $14.8MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 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$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Norway-Philippines Trade: In 2022, Norway exported $109M to Philippines. The main products that Norway exported to Philippines were Mixed Mineral or Chemical Fertilizers ($25M), Insulated Wire ($22.3M), and Non-fillet Frozen Fish ($15M). Over the past 5 years the exports of Norway to Philippines have increased at an annualized rate of 6.51%, from $79.6M in 2017 to $109M in 2022.

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

Philippines-Norway Trade: In 2022, Philippines exported $68.1M to Norway. The main products that Philippines exported to Norway were Integrated Circuits ($14.8M), Office Machine Parts ($10.6M), and Rubber Tires ($2.91M). Over the past 5 years the exports of Philippines to Norway have increased at an annualized rate of 9.11%,  from $44M in 2017 to $68.1M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK55.6M and imported NOK62.2M from Philippines, resulting in a negative trade balance of NOK6.55M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-2.22M (-3.83%) from NOK57.8M to NOK55.6M, while imports decreased by NOK-6.43M (-9.37%) from NOK68.6M to NOK62.2M.

Trade In October 2024, the top exports of Norway to Philippines were Chemical materials and products, n.e.s. (NOK16M), Fish (not marine mammals), crustaceans, molluscs... (NOK11.2M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK586k), General industrial machinery and equipment, n.e.s.,... (NOK484k), and Power-generating machinery and equipment (NOK329k). In October 2024 the top imports of Norway from Philippines were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK27.5M), Office machines and automatic data-processing machines (NOK7.01M), Telecommunications and sound-recording and reproducing apparatus... (NOK4.39M), Professional, scientific and controlling instruments and... (NOK4.16M), and Articles of apparel and clothing accessories (NOK3.46M).

Growth In October 2024, the decrease in Norway's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-15.5M or -49.2%), Fish (not marine mammals), crustaceans, molluscs... (NOK-13.5M or -54.7%), and Furniture, and parts thereof; bedding, mattresses,... (NOK-1.39M or -100%). In October 2024, the decrease in Norway's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Road vehicles (including air-cushion vehicles) (NOK-2.71M or -97.5%), Photographic apparatus, equipment and supplies and... (NOK-630k or -40.5%), and Vegetables and fruit (NOK-617k or -34.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-2.22M(-3.83%)
IMPORT GROWTH (October 2023 - October 2024)NOK-6.43M(-9.37%)

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 Philippines and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $109M to Philippines. The main products exported from Norway to Philippines were Mixed Mineral or Chemical Fertilizers ($25M), Insulated Wire ($22.3M), and Non-fillet Frozen Fish ($15M). During the last 5 years the exports of Norway to Philippines have increased at an annualized rate of 6.51%, from $79.6M in 2017 to $109M in 2022.

In 2017, Philippines exported $68.1M to Norway. The main products exported from Philippines to Norway were Integrated Circuits ($14.8M), Office Machine Parts ($10.6M), and Rubber Tires ($2.91M). During the last 5 years the exports of Philippines to Norway have increased at an annualized rate of 9.11%, from $44M in 2022 to $68.1M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Norway included Hong Kong ($12.6B), Japan ($11.3B), and United States ($15.5B).

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

Comparative Advantage Norway - Philippines

Flow
Scale

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

During 2022, Norway had a large net trade with Philippines in the exports of Chemical Products ($51.3M), Machines ($25.8M), and Animal Products ($22.5M).

During 2017, Philippines had a large net trade with Norway in the exports of Machines ($40M), Textiles ($4.82M), and Plastics and Rubbers ($3.55M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Philippines+$4.46MNon-fillet Frozen Fish
Top Product Potential Philippines Norway+$16.5MIntegrated Circuits

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

Product Space of Norway (Flag) and Philippines (Flag) (2022)

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