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2022
Flag → Flag
Exports $713MRnk 25 / 209
2022
Flag → Flag
Top Product $318MDried/Salted/Smoked/Brined Fish
2022
Flag → Flag
Exports $382MRnk 30 / 208
2022
Flag → Flag
Top Product $118MZinc Ore
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
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$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Norway-Portugal Trade: In 2022, Norway exported $713M to Portugal. The main products that Norway exported to Portugal were Dried/Salted/Smoked/Brined Fish ($318M), Raw Aluminium ($133M), and Non-fillet Fresh Fish ($95.1M). Over the past 5 years the exports of Norway to Portugal have increased at an annualized rate of 3.31%, from $606M in 2017 to $713M in 2022.

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 2022, Portugal exported $382M to Norway. The main products that Portugal exported to Norway were Zinc Ore ($118M), Raw Iron Bars ($29.7M), and Leather Footwear ($18.1M). Over the past 5 years the exports of Portugal to Norway have increased at an annualized rate of 7.37%,  from $268M in 2017 to $382M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK1.34B and imported NOK332M from Portugal, resulting in a positive trade balance of NOK1.01B. Between October 2023 and October 2024 the exports of Norway have increased by NOK541M (67.6%) from NOK801M to NOK1.34B, while imports increased by NOK26.4M (8.64%) from NOK305M to NOK332M.

Trade In October 2024, the top exports of Norway to Portugal were Fish (not marine mammals), crustaceans, molluscs... (NOK236M), Non-ferrous metals (NOK44.9M), Inorganic chemicals (NOK4.81M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK4.63M), and General industrial machinery and equipment, n.e.s.,... (NOK4.35M). In October 2024 the top imports of Norway from Portugal were Articles of apparel and clothing accessories (NOK34.6M), Iron and steel (NOK26.9M), Footwear (NOK22.6M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK19.6M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK15M).

Growth In October 2024, the increase in Norway's year-by-year exports to Portugal was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK84.6M or 55.7%), Power-generating machinery and equipment (NOK2.73M or 985%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.17M or 669%). In October 2024, the increase in Norway's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK8.35M or 74.3%), Vegetables and fruit (NOK6.99M or 113%), and Miscellaneous manufactured articles, n.e.s. (NOK5.87M or 169%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK541M(67.6%)
IMPORT GROWTH (October 2023 - October 2024)NOK26.4M(8.64%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $713M to Portugal. The main products exported from Norway to Portugal were Dried/Salted/Smoked/Brined Fish ($318M), Raw Aluminium ($133M), and Non-fillet Fresh Fish ($95.1M). During the last 5 years the exports of Norway to Portugal have increased at an annualized rate of 3.31%, from $606M in 2017 to $713M in 2022.

In 2017, Portugal exported $382M to Norway. The main products exported from Portugal to Norway were Zinc Ore ($118M), Raw Iron Bars ($29.7M), and Leather Footwear ($18.1M). During the last 5 years the exports of Portugal to Norway have increased at an annualized rate of 7.37%, from $268M in 2022 to $382M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Portugal
Top DestinationSpain$20.5B

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 2022, countries that imported more from Norway than Portugal included Germany ($78.1B), United Kingdom ($59.1B), and Belgium ($20.3B).

In 2022, countries that imported more from Portugal than Norway included Spain ($20.5B), Angola ($1.59B), and Morocco ($897M).

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

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 2022, Norway had a large net trade with Portugal in the exports of Animal Products ($430M), Metals ($142M), and Mineral Products ($104M).

During 2017, Portugal had a large net trade with Norway in the exports of Mineral Products ($118M), Metals ($64.5M), and Textiles ($33.7M).

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) (2022)

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