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2023
Flag → Flag
Exports $15.9BRnk 3 / 205
2023
Flag → Flag
Top Product $6.8BCrude Petroleum
2023
Flag → Flag
Exports $10.9BRnk 4 / 216
2023
Flag → Flag
Top Product $1.51BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$55,517CURRENT US$
Rnk 19 / 196
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Norway-Sweden Trade: In 2023, Norway exported $15.9B to Sweden. The main products that Norway exported to Sweden were Crude Petroleum ($6.8B), Fish Fillets ($977M), and Refined Petroleum ($945M). Over the past 5 years the exports of Norway to Sweden have increased at an annualized rate of 8.26%, from $10.7B in 2018 to $15.9B in 2023.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Sweden-Norway Trade: In 2023, Sweden exported $10.9B to Norway. The main products that Sweden exported to Norway were Refined Petroleum ($1.51B), Electricity ($429M), and Delivery Trucks ($371M). Over the past 5 years the exports of Sweden to Norway have increased at an annualized rate of 0.12%,  from $10.8B in 2018 to $10.9B in 2023.

In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK8.59B and imported NOK7.91B from Sweden, resulting in a positive trade balance of NOK683M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-3.13B (-26.7%) from NOK11.7B to NOK8.59B, while imports decreased by NOK-800M (-9.19%) from NOK8.71B to NOK7.91B.

Trade In December 2024, the top exports of Norway to Sweden were Petroleum, petroleum products and related materials (NOK6.19B), Non-ferrous metals (NOK796M), Gas, natural and manufactured (NOK624M), Fish (not marine mammals), crustaceans, molluscs... (NOK474M), and Electric current (NOK398M). In December 2024 the top imports of Norway from Sweden were Petroleum, petroleum products and related materials (NOK1.28B), Road vehicles (including air-cushion vehicles) (NOK803M), Electric current (NOK493M), General industrial machinery and equipment, n.e.s.,... (NOK491M), and Manufactures of metals, n.e.s. (NOK463M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Sweden was explained primarily by an decrease in product exports in Petroleum, petroleum products and related materials (NOK-488M or -7.32%), Electric current (NOK-66.6M or -14.3%), and Other transport equipment (NOK-62.2M or -76.5%). In December 2024, the decrease in Norway's year-by-year imports  from Sweden was explained primarily by an decrease in product imports  in Petroleum, petroleum products and related materials (NOK-677M or -34.5%), Electric current (NOK-221M or -31%), and Other transport equipment (NOK-93.4M or -69.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-3.13B(-26.7%)
IMPORT GROWTH (December 2023 - December 2024)NOK-800M(-9.19%)

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 Sweden and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $15.9B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($6.8B), Fish Fillets ($977M), and Refined Petroleum ($945M). During the last 5 years the exports of Norway to Sweden have increased at an annualized rate of 8.26%, from $10.7B in 2018 to $15.9B in 2023.

In 2018, Sweden exported $10.9B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.51B), Electricity ($429M), and Delivery Trucks ($371M). During the last 5 years the exports of Sweden to Norway have increased at an annualized rate of 0.12%, from $10.8B in 2023 to $10.9B in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Norway than Sweden included United Kingdom ($32.6B), Germany ($33.8B), and Poland ($8.93B).

In 2023, countries that imported more from Sweden than Norway included United States ($18.1B), China ($8.05B), and Finland ($9.41B).

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

Comparative Advantage Norway - Sweden

Flow
Scale

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

During 2023, Norway had a large net trade with Sweden in the exports of Mineral Products ($8.61B), Animal Products ($1.68B), and Metals ($1.53B).

During 2018, Sweden had a large net trade with Norway in the exports of Mineral Products ($2.26B), Machines ($1.88B), and Metals ($1.2B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Sweden+$554MPetroleum Gas
Top Product Potential Sweden Norway+$159MCars

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 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Sweden (Flag) (2009)

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

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

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