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2023
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Exports $389MRnk 35 / 205
2023
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Top Product $176MCrude Petroleum
2023
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Exports $607MRnk 28 / 199
2023
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Top Product $91MIron Structures
2023
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Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
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GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
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GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Norway-Romania Trade: In 2023, Norway exported $389M to Romania. The main products that Norway exported to Romania were Crude Petroleum ($176M), Planes, Helicopters, and/or Spacecraft ($32.9M), and Non-fillet Fresh Fish ($24.4M). Over the past 5 years the exports of Norway to Romania have increased at an annualized rate of 34%, from $90.2M in 2018 to $389M in 2023.

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

Romania-Norway Trade: In 2023, Romania exported $607M to Norway. The main products that Romania exported to Norway were Iron Structures ($91M), Other Sea Vessels ($66.5M), and Fishing Ships ($62.2M). Over the past 5 years the exports of Romania to Norway have decreased at an annualized rate of 8.19%,  from $931M in 2018 to $607M in 2023.

In 2020, Romania exported services to Norway worth $126M, with Computer and information services ($52.7M), Other business services ($34.7M), and Travel ($21.9M) 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK870M and imported NOK374M from Romania, resulting in a positive trade balance of NOK496M. Between December 2023 and December 2024 the exports of Norway have increased by NOK84.9M (10.8%) from NOK785M to NOK870M, while imports increased by NOK64.1M (20.7%) from NOK310M to NOK374M.

Trade In December 2024, the top exports of Norway to Romania were Other transport equipment (NOK72.1M), Power-generating machinery and equipment (NOK26.2M), Office machines and automatic data-processing machines (NOK24.4M), Fish (not marine mammals), crustaceans, molluscs... (NOK19.1M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK17.3M). In December 2024 the top imports of Norway from Romania were Electrical machinery, apparatus and appliances, n.e.s.,... (NOK93.5M), General industrial machinery and equipment, n.e.s.,... (NOK45.7M), Articles of apparel and clothing accessories (NOK31.8M), Iron and steel (NOK21.9M), and Machinery specialized for particular industries (NOK19.8M).

Growth In December 2024, the increase in Norway's year-by-year exports to Romania was explained primarily by an increase in product exports in Power-generating machinery and equipment (NOK21M or 398%), Office machines and automatic data-processing machines (NOK11.7M or 91.9%), and Professional, scientific and controlling instruments and... (NOK5.94M or 73.7%). In December 2024, the increase in Norway's year-by-year imports  from Romania was explained primarily by an increase in product imports  in General industrial machinery and equipment, n.e.s.,... (NOK22M or 92.8%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK18.8M or 25.1%), and Iron and steel (NOK17.5M or 396%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK84.9M(10.8%)
IMPORT GROWTH (December 2023 - December 2024)NOK64.1M(20.7%)

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 Romania and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $389M to Romania. The main products exported from Norway to Romania were Crude Petroleum ($176M), Planes, Helicopters, and/or Spacecraft ($32.9M), and Non-fillet Fresh Fish ($24.4M). During the last 5 years the exports of Norway to Romania have increased at an annualized rate of 34%, from $90.2M in 2018 to $389M in 2023.

In 2018, Romania exported $607M to Norway. The main products exported from Romania to Norway were Iron Structures ($91M), Other Sea Vessels ($66.5M), and Fishing Ships ($62.2M). During the last 5 years the exports of Romania to Norway have decreased at an annualized rate of 8.19%, from $931M in 2023 to $607M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Romania
Top DestinationGermany$19.9B

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

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

In 2023, countries that imported more from Romania than Norway included Italy ($10.2B), Hungary ($4.22B), and Bulgaria ($4.03B).

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

Comparative Advantage Norway - Romania

Flow
Scale

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

During 2023, Norway had a large net trade with Romania in the exports of Mineral Products ($176M), Machines ($72.2M), and Metals ($39.2M).

During 2018, Romania had a large net trade with Norway in the exports of Transportation ($178M), Machines ($139M), and Metals ($113M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Romania+$69MCrude Petroleum
Top Product Potential Romania Norway+$12.1MMotor vehicles; parts and accessories (8701 to 8705)

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 2020, Romania exported services to Norway worth $126M, with Computer and information services ($52.7M), Other business services ($34.7M), and Travel ($21.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Romania (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 Romania. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Norway.

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

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