Norway (NOR) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Norway-Saudi Arabia In 2022, Norway exported $152M to Saudi Arabia. The main products that Norway exported to Saudi Arabia are Non-fillet Fresh Fish ($40.2M), Fish Fillets ($20.3M), and Delivery Trucks ($11M). During the last 27 years the exports of Norway to Saudi Arabia have increased at an annualized rate of 0.21%, from $144M in 1995 to $152M in 2022.

In 2022, Norway did not export any services to Saudi Arabia.

Saudi Arabia-Norway In 2022, Saudi Arabia exported $55.8M to Norway. The main products that Saudi Arabia exported to Norway were Ammonia ($34M), Acyclic Alcohols ($8.61M), and Ethylene Polymers ($3.1M). During the last 27 years the exports of Saudi Arabia to Norway have increased at an annualized rate of 8.35%, from $6.4M in 1995 to $55.8M in 2022.

In 2022, Saudi Arabia did not export any services to Norway.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK182M and imported NOK16.7M from Saudi Arabia, resulting in a positive trade balance of NOK165M. Between February 2023 and February 2024 the exports of Norway have increased by NOK30.4M (20.1%) from NOK151M to NOK182M, while imports increased by NOK5.22M (45.3%) from NOK11.5M to NOK16.7M.

Trade In February 2024, the top exports of Norway to Saudi Arabia were Fish (not marine mammals), crustaceans, molluscs... (NOK56.9M), Machinery specialized for particular industries (NOK22.1M), Road vehicles (including air-cushion vehicles) (NOK13.4M), Manufactures of metals, n.e.s. (NOK9.58M), and General industrial machinery and equipment, n.e.s.,... (NOK8.01M). In February 2024 the top imports of Norway from Saudi Arabia were Organic chemicals (NOK6.43M), Chemical materials and products, n.e.s. (NOK3.67M), Plastics in primary forms (NOK2.65M), Machinery specialized for particular industries (NOK1.03M), and Vegetables and fruit (NOK304k).

Growth In February 2024, the increase in Norway's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Machinery specialized for particular industries (NOK18.5M or 522%), Fish (not marine mammals), crustaceans, molluscs... (NOK15M or 35.9%), and Road vehicles (including air-cushion vehicles) (NOK13.1M or 5.25k%). In February 2024, the increase in Norway's year-by-year imports from Saudi Arabia was explained primarily by an increase in product imports in Organic chemicals (NOK2.32M or 56.3%), Machinery specialized for particular industries (NOK663k or 180%), and Plastics in primary forms (NOK530k or 25%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK30.4M(20.1%)

IMPORT GROWTH (February 2023 - February 2024)NOK5.22M(45.3%)

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 Saudi Arabia and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $152M to Saudi Arabia. The main products exported from Norway to Saudi Arabia were Non-fillet Fresh Fish ($40.2M), Fish Fillets ($20.3M), and Delivery Trucks ($11M). During the last 27 years the exports of Norway to Saudi Arabia have increased at an annualized rate of 0.21%, from $144M in 1995 to $152M in 2022.

In 2022, Saudi Arabia exported $55.8M to Norway. The main products exported from Saudi Arabia to Norway were Ammonia ($34M), Acyclic Alcohols ($8.61M), and Ethylene Polymers ($3.1M). During the last 27 years the exports of Saudi Arabia to Norway have increased at an annualized rate of 8.35%, from $6.4M in 1995 to $55.8M in 2022.

Exports from Norway () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Saudi Arabia
Top DestinationChina$68B

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

In 2021, countries that imported more from Norway than Saudi Arabia were Germany ($78.1B), United Kingdom ($59.1B), and Belgium ($20.3B).

In 2021, countries that imported more from Saudi Arabia than Norway were China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia () and Norway () (2022)

Comparative Advantage Norway - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Saudi Arabia in the exports of Animal Products ($71M), Machines ($29.8M), and Metals ($12.8M).

During 2022, Saudi Arabia had a large net trade with Norway in the exports of Chemical Products ($45.2M), Plastics and Rubbers ($6.47M), and Machines ($1.63M).

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 Saudi Arabia. Similarly, the more yellow a dot/product is, the more Saudi Arabia has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Norway () (2022)

Market Competitiveness

Difference in imports from Saudi Arabia () and Norway () (2022)

Comparative Advantage Norway - Saudi Arabia

Economic Complexity

Competitive Landscape

Product Space of Norway () and Saudi Arabia () (2022)

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