Norway (NOR) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Norway-Russia In 2022, Norway exported $229M to Russia. The main products that Norway exported to Russia are Animal Food ($112M), Live Fish ($23.6M), and Paper Containers ($8.54M). During the last 27 years the exports of Norway to Russia have increased at an annualized rate of 1.05%, from $173M in 1995 to $229M in 2022.

In 2010, Norway exported services to Russia worth $641M, with Services not allocated ($321M), Other business services ($150M), and Transportation ($80.2M) being the largest in terms of value.

Russia-Norway In 2022, Russia exported $1.76B to Norway. The main products that Russia exported to Norway were Refined Petroleum ($604M), Raw Aluminium ($424M), and Rapeseed Oil ($202M). During the last 27 years the exports of Russia to Norway have increased at an annualized rate of 4.13%, from $590M in 1995 to $1.76B in 2022.

In 2020, Russia exported services to Norway worth $117M, with Transportation ($42M), Other business services ($37.2M), and Computer and information services ($21.3M) being the largest in terms of value.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK196M and imported NOK161M from Russia, resulting in a positive trade balance of NOK34.9M. Between February 2023 and February 2024 the exports of Norway have increased by NOK24M (13.9%) from NOK172M to NOK196M, while imports decreased by NOK-251M (-60.9%) from NOK412M to NOK161M.

Trade In February 2024, the top exports of Norway to Russia were Feeding stuff for animals (not including... (NOK82.7M), Manufactures of metals, n.e.s. (NOK10M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK8.01M), General industrial machinery and equipment, n.e.s.,... (NOK6.06M), and Articles of apparel and clothing accessories (NOK4.55M). In February 2024 the top imports of Norway from Russia were Non-ferrous metals (NOK161M), Fish (not marine mammals), crustaceans, molluscs... (NOK63.6M), Fixed vegetable fats and oils, crude,... (NOK49.5M), Inorganic chemicals (NOK6.08M), and Crude animal and vegetable materials, n.e.s. (NOK4.09M).

Growth In February 2024, the increase in Norway's year-by-year exports to Russia was explained primarily by an increase in product exports in Feeding stuff for animals (not including... (NOK66M or 393%), Articles of apparel and clothing accessories (NOK2.4M or 112%), and Organic chemicals (NOK2.14M or 35.6k%). In February 2024, the decrease in Norway's year-by-year imports from Russia was explained primarily by an decrease in product imports in Petroleum, petroleum products and related materials (NOK-582M or -100%), Non-ferrous metals (NOK-337M or -67.6%), and Feeding stuff for animals (not including... (NOK-166M or -100%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK24M(13.9%)

IMPORT GROWTH (February 2023 - February 2024)NOK-251M(-60.9%)

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 Russia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Norway Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $229M to Russia. The main products exported from Norway to Russia were Animal Food ($112M), Live Fish ($23.6M), and Paper Containers ($8.54M). During the last 27 years the exports of Norway to Russia have increased at an annualized rate of 1.05%, from $173M in 1995 to $229M in 2022.

In 2022, Russia exported $1.76B to Norway. The main products exported from Russia to Norway were Refined Petroleum ($604M), Raw Aluminium ($424M), and Rapeseed Oil ($202M). During the last 27 years the exports of Russia to Norway have increased at an annualized rate of 4.13%, from $590M in 1995 to $1.76B in 2022.

Exports from Norway () to Russia () (2022)

Exports from Russia () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Russia
Top DestinationChina$101B

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

In 2021, countries that imported more from Norway than Russia were United Kingdom ($59.1B), Germany ($78.1B), and Sweden ($17.7B).

In 2021, countries that imported more from Russia than Norway were China ($101B), India ($40.4B), and Turkey ($25.3B).

Difference in imports from Russia () and Norway () (2022)

Comparative Advantage Norway - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Russia in the exports of Foodstuffs ($115M), Machines ($27M), and Animal Products ($25.8M).

During 2022, Russia had a large net trade with Norway in the exports of Mineral Products ($668M), Metals ($434M), and Animal and Vegetable Bi-Products ($229M).

Service Trade

Bilateral Service Trade

Rus Year

Nor Year

In 2010, Norway exported services to Russia worth $641M, with Services not allocated ($321M), Other business services ($150M), and Transportation ($80.2M) being the largest in terms of value.

In 2020, Russia exported services to Norway worth $117M, with Transportation ($42M), Other business services ($37.2M), and Computer and information services ($21.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway () to Russia () (2010)

Services Exports from Russia () to Norway () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Norway () to Russia () (2022)

Exports from Russia () to Norway () (2022)

Market Competitiveness

Difference in imports from Russia () and Norway () (2022)

Comparative Advantage Norway - Russia

Service Trade

Bilateral Service Trade

Services Exports from Norway () to Russia () (2010)

Services Exports from Russia () to Norway () (2020)

Economic Complexity

Competitive Landscape

Product Space of Norway () and Russia () (2022)

Keep Exploring