Norway (NOR) and Suriname (SUR) Trade | The Observatory of Economic Complexity

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Norway-Suriname Trade: In 2022, Norway exported $1.46M to Suriname. The main products that Norway exported to Suriname were Twine and Rope ($146k), Excavation Machinery ($144k), and Other Measuring Instruments ($80.3k). Over the past 5 years the exports of Norway to Suriname have increased at an annualized rate of 56.5%, from $155k in 2017 to $1.46M in 2022.

In 2022, Norway did not export any services to Suriname.

Suriname-Norway Trade: In 2022, Suriname exported $707k to Norway. The main products that Suriname exported to Norway were Refined Petroleum ($554k), Toilet Paper ($26k), and Excavation Machinery ($24.5k). Over the past 5 years the exports of Suriname to Norway have increased at an annualized rate of 43%, from $118k in 2017 to $707k in 2022.

In 2022, Suriname 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, Suriname ranked 137 in total exports ($2.94B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

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Overview In October 2024, Norway exported NOK3.49M and imported NOK42k from Suriname, resulting in a positive trade balance of NOK3.45M. Between October 2023 and October 2024 the exports of Norway have increased by NOK3.49M (N/A%) from NOK0 to NOK3.49M, while imports increased by NOK42k (N/A%) from NOK0 to NOK42k.

Trade In October 2024, the top exports of Norway to Suriname were General industrial machinery and equipment, n.e.s.,... (NOK811k), Articles of apparel and clothing accessories (NOK451k), Telecommunications and sound-recording and reproducing apparatus... (NOK220k), Manufactures of metals, n.e.s. (NOK210k), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK190k). In October 2024 the top imports of Norway from Suriname were Fish (not marine mammals), crustaceans, molluscs... (NOK4k), Articles of apparel and clothing accessories (NOK3k), Crude animal and vegetable materials, n.e.s. (NOK1k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In October 2024, the increase in Norway's year-by-year exports to Suriname was explained primarily by an increase in product exports in Telecommunications and sound-recording and reproducing apparatus... (NOK71k or 47.7%). In October 2024, the increase in Norway's year-by-year imports from Suriname was explained primarily by an increase in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)NOK3.49M(N/A%)

IMPORT GROWTH (October 2023 - October 2024)NOK42k(N/A%)

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 Suriname 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 $1.46M to Suriname. The main products exported from Norway to Suriname were Twine and Rope ($146k), Excavation Machinery ($144k), and Other Measuring Instruments ($80.3k). During the last 5 years the exports of Norway to Suriname have increased at an annualized rate of 56.5%, from $155k in 2017 to $1.46M in 2022.

In 2017, Suriname exported $707k to Norway. The main products exported from Suriname to Norway were Refined Petroleum ($554k), Toilet Paper ($26k), and Excavation Machinery ($24.5k). During the last 5 years the exports of Suriname to Norway have increased at an annualized rate of 43%, from $118k in 2022 to $707k in 2017.

Exports from Norway () to Suriname () (2022)

Exports from Suriname () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Suriname
Top DestinationSwitzerland$1.15B

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

In 2022, countries that imported more from Norway than Suriname included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Suriname than Norway included Switzerland ($1.15B), United Arab Emirates ($609M), and Guyana ($159M).

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

Comparative Advantage Norway - Suriname

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Suriname in the exports of Machines ($711k), Metals ($180k), and Instruments ($165k).

During 2017, Suriname had a large net trade with Norway in the exports of Mineral Products ($554k), Machines ($48.6k), and Metals ($30.5k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Suriname () (2022)

Exports from Suriname () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Suriname

Economic Complexity

Competitive Landscape

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

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