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2023
Flag → Flag
Exports $74.8MRnk 63 / 205
2023
Flag → Flag
Top Product $18.8MNitrogenous Fertilizers
2023
Flag → Flag
Exports $67.3MRnk 43 / 201
2023
Flag → Flag
Top Product $16MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 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$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Norway-Philippines Trade: In 2023, Norway exported $74.8M to Philippines. The main products that Norway exported to Philippines were Nitrogenous Fertilizers ($18.8M), Mixed Mineral or Chemical Fertilizers ($16.5M), and Non-fillet Frozen Fish ($12M). Over the past 5 years the exports of Norway to Philippines have increased at an annualized rate of 4.53%, from $59.9M in 2018 to $74.8M in 2023.

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

Philippines-Norway Trade: In 2023, Philippines exported $67.3M to Norway. The main products that Philippines exported to Norway were Integrated Circuits ($16M), Office Machine Parts ($11.4M), and Trunks and Cases ($2.83M). Over the past 5 years the exports of Philippines to Norway have increased at an annualized rate of 7.7%,  from $46.4M in 2018 to $67.3M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK195M and imported NOK60.3M from Philippines, resulting in a positive trade balance of NOK134M. Between December 2023 and December 2024 the exports of Norway have increased by NOK163M (508%) from NOK32M to NOK195M, while imports decreased by NOK-3.7M (-5.79%) from NOK64M to NOK60.3M.

Trade In December 2024, the top exports of Norway to Philippines were Fish (not marine mammals), crustaceans, molluscs... (NOK20.6M), Chemical materials and products, n.e.s. (NOK12.9M), Miscellaneous manufactured articles, n.e.s. (NOK7.26M), Telecommunications and sound-recording and reproducing apparatus... (NOK5.81M), and Professional, scientific and controlling instruments and... (NOK1.83M). In December 2024 the top imports of Norway from Philippines were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK17.8M), Office machines and automatic data-processing machines (NOK6.94M), Telecommunications and sound-recording and reproducing apparatus... (NOK6.24M), Articles of apparel and clothing accessories (NOK3.51M), and Crude animal and vegetable materials, n.e.s. (NOK1.95M).

Growth In December 2024, the increase in Norway's year-by-year exports to Philippines was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK9.43M or 84.1%), Miscellaneous manufactured articles, n.e.s. (NOK7.18M or 8.76k%), and Telecommunications and sound-recording and reproducing apparatus... (NOK5.79M or 29k%). In December 2024, the decrease in Norway's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-9.67M or -35.2%), Professional, scientific and controlling instruments and... (NOK-3.91M or -94%), and Rubber manufactures, n.e.s. (NOK-1.78M or -99.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK163M(508%)
IMPORT GROWTH (December 2023 - December 2024)NOK-3.7M(-5.79%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $74.8M to Philippines. The main products exported from Norway to Philippines were Nitrogenous Fertilizers ($18.8M), Mixed Mineral or Chemical Fertilizers ($16.5M), and Non-fillet Frozen Fish ($12M). During the last 5 years the exports of Norway to Philippines have increased at an annualized rate of 4.53%, from $59.9M in 2018 to $74.8M in 2023.

In 2018, Philippines exported $67.3M to Norway. The main products exported from Philippines to Norway were Integrated Circuits ($16M), Office Machine Parts ($11.4M), and Trunks and Cases ($2.83M). During the last 5 years the exports of Philippines to Norway have increased at an annualized rate of 7.7%, from $46.4M in 2023 to $67.3M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Philippines than Norway included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

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

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 2023, Norway had a large net trade with Philippines in the exports of Chemical Products ($44.3M), Animal Products ($21.8M), and Foodstuffs ($2.55M).

During 2018, Philippines had a large net trade with Norway in the exports of Machines ($44.5M), Textiles ($3.95M), and Animal Hides ($3.45M).

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) (2023)

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