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Pricing

2022
Flag → Flag
Exports $152MRnk 50 / 209
2022
Flag → Flag
Top Product $40.2MNon-fillet Fresh Fish
2022
Flag → Flag
Exports $55.8MRnk 74 / 138
2022
Flag → Flag
Top Product $34MAmmonia
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Norway-Saudi Arabia Trade: In 2022, Norway exported $152M to Saudi Arabia. The main products that Norway exported to Saudi Arabia were Non-fillet Fresh Fish ($40.2M), Fish Fillets ($20.3M), and Delivery Trucks ($11M). Over the past 5 years the exports of Norway to Saudi Arabia have decreased at an annualized rate of 3.23%, from $179M in 2017 to $152M in 2022.

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

Saudi Arabia-Norway Trade: 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). Over the past 5 years the exports of Saudi Arabia to Norway have increased at an annualized rate of 7.64%,  from $38.6M in 2017 to $55.8M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK262M and imported NOK48.3M from Saudi Arabia, resulting in a positive trade balance of NOK213M. Between October 2023 and October 2024 the exports of Norway have increased by NOK82M (45.7%) from NOK180M to NOK262M, while imports increased by NOK25.1M (108%) from NOK23.2M to NOK48.3M.

Trade In October 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 October 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 October 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 October 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

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK82M(45.7%)
IMPORT GROWTH (October 2023 - October 2024)NOK25.1M(108%)

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.

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Norway to Saudi Arabia have decreased at an annualized rate of 3.23%, from $179M in 2017 to $152M in 2022.

In 2017, 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 5 years the exports of Saudi Arabia to Norway have increased at an annualized rate of 7.64%, from $38.6M in 2022 to $55.8M in 2017.

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

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

Market Competitiveness

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

In 2022, countries that imported more from Saudi Arabia than Norway included China ($68B), India ($46.2B), and Japan ($36.5B).

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

Comparative Advantage Norway - Saudi Arabia

Flow
Scale

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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Saudi Arabia+$4.15MDelivery Trucks
Top Product Potential Saudi Arabia Norway+$5.91MAcyclic Alcohols

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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Economic Complexity

Competitive Landscape

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

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

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