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2023
Flag → Flag
Exports $368MRnk 36 / 205
2023
Flag → Flag
Top Product $155MCrude Petroleum
2023
Flag → Flag
Exports $357MRnk 33 / 211
2023
Flag → Flag
Top Product $72.7MZinc Ore
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Norway-Portugal Trade: In 2023, Norway exported $368M to Portugal. The main products that Norway exported to Portugal were Crude Petroleum ($155M), Raw Aluminium ($78.7M), and Petroleum Gas ($51.4M). Over the past 5 years the exports of Norway to Portugal have decreased at an annualized rate of 1.92%, from $405M in 2018 to $368M in 2023.

In 2009, Norway exported services to Portugal worth $108M, with Financial services ($41.6M), Travel ($24.3M), and Transportation ($18.1M) being the largest in terms of value.

Portugal-Norway Trade: In 2023, Portugal exported $357M to Norway. The main products that Portugal exported to Norway were Zinc Ore ($72.7M), Leather Footwear ($27.3M), and Wine ($16.5M). Over the past 5 years the exports of Portugal to Norway have increased at an annualized rate of 2.24%,  from $319M in 2018 to $357M in 2023.

In 2020, Portugal exported services to Norway worth $35.4M, with Travel ($35.4M) being the largest in terms of value.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK469M and imported NOK284M from Portugal, resulting in a positive trade balance of NOK185M. Between December 2023 and December 2024 the exports of Norway have increased by NOK135M (40.5%) from NOK333M to NOK469M, while imports increased by NOK23.9M (9.19%) from NOK260M to NOK284M.

Trade In December 2024, the top exports of Norway to Portugal were Petroleum, petroleum products and related materials (NOK431M), Fish (not marine mammals), crustaceans, molluscs... (NOK177M), Non-ferrous metals (NOK140M), Gas, natural and manufactured (NOK37.7M), and Power-generating machinery and equipment (NOK20.4M). In December 2024 the top imports of Norway from Portugal were Metalliferous ores and metal scrap (NOK48.9M), Articles of apparel and clothing accessories (NOK32.1M), Footwear (NOK31.8M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK23.3M), and Non-metallic mineral manufactures, n.e.s. (NOK18.2M).

Growth In December 2024, the increase in Norway's year-by-year exports to Portugal was explained primarily by an increase in product exports in Non-ferrous metals (NOK95.4M or 212%), Power-generating machinery and equipment (NOK17.4M or 578%), and Chemical materials and products, n.e.s. (NOK10.6M or 5.33k%). In December 2024, the increase in Norway's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Manufactures of metals, n.e.s. (NOK9.4M or 109%), Footwear (NOK9.18M or 40.6%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK8.23M or 54.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK135M(40.5%)
IMPORT GROWTH (December 2023 - December 2024)NOK23.9M(9.19%)

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 Portugal and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $368M to Portugal. The main products exported from Norway to Portugal were Crude Petroleum ($155M), Raw Aluminium ($78.7M), and Petroleum Gas ($51.4M). During the last 5 years the exports of Norway to Portugal have decreased at an annualized rate of 1.92%, from $405M in 2018 to $368M in 2023.

In 2018, Portugal exported $357M to Norway. The main products exported from Portugal to Norway were Zinc Ore ($72.7M), Leather Footwear ($27.3M), and Wine ($16.5M). During the last 5 years the exports of Portugal to Norway have increased at an annualized rate of 2.24%, from $319M in 2023 to $357M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Norway included Spain ($17.7B), Canada ($2.39B), and Morocco ($1.65B).

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

Comparative Advantage Norway - Portugal

Flow
Scale

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

During 2023, Norway had a large net trade with Portugal in the exports of Mineral Products ($208M), Metals ($97.8M), and Animal Products ($25.5M).

During 2018, Portugal had a large net trade with Norway in the exports of Mineral Products ($72.8M), Textiles ($44.4M), and Metals ($39.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Portugal+$80.6MCrude Petroleum
Top Product Potential Portugal Norway+$4.96MInsulated Wire

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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Bilateral Service Trade

In 2009, Norway exported services to Portugal worth $108M, with Financial services ($41.6M), Travel ($24.3M), and Transportation ($18.1M) being the largest in terms of value.

In 2020, Portugal exported services to Norway worth $35.4M, with Travel ($35.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Portugal (Flag) (2009)

Services Exports from Portugal (Flag) to Norway (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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