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2022
Flag → Flag
Exports $697MRnk 26 / 209
2022
Flag → Flag
Top Product $227MNon-fillet Fresh Fish
2022
Flag → Flag
Exports $434MRnk 50 / 218
2022
Flag → Flag
Top Product $107MIron Structures
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Norway-Thailand Trade: In 2022, Norway exported $697M to Thailand. The main products that Norway exported to Thailand were Non-fillet Fresh Fish ($227M), Mixed Mineral or Chemical Fertilizers ($164M), and Scrap Vessels ($104M). Over the past 5 years the exports of Norway to Thailand have increased at an annualized rate of 13.2%, from $374M in 2017 to $697M in 2022.

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

Thailand-Norway Trade: In 2022, Thailand exported $434M to Norway. The main products that Thailand exported to Norway were Iron Structures ($107M), Air Conditioners ($44.6M), and Delivery Trucks ($16.5M). Over the past 5 years the exports of Thailand to Norway have decreased at an annualized rate of 7.62%,  from $644M in 2017 to $434M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

September, 2024

About

Overview In September 2024, Norway exported NOK407M and imported NOK497M from Thailand, resulting in a negative trade balance of NOK89.1M. Between September 2023 and September 2024 the exports of Norway have increased by NOK132M (47.9%) from NOK275M to NOK407M, while imports increased by NOK142M (40.2%) from NOK354M to NOK497M.

Trade In September 2024, the top exports of Norway to Thailand were Fish (not marine mammals), crustaceans, molluscs... (NOK215M), Pulp and waste paper (NOK17.1M), Power-generating machinery and equipment (NOK16.1M), Furniture, and parts thereof; bedding, mattresses,... (NOK8.95M), and Chemical materials and products, n.e.s. (NOK6.9M). In September 2024 the top imports of Norway from Thailand were Road vehicles (including air-cushion vehicles) (NOK116M), General industrial machinery and equipment, n.e.s.,... (NOK52.9M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK45.7M), Telecommunications and sound-recording and reproducing apparatus... (NOK43.4M), and Office machines and automatic data-processing machines (NOK24.9M).

Growth In September 2024, the increase in Norway's year-by-year exports to Thailand was explained primarily by an increase in product exports in Power-generating machinery and equipment (NOK15.3M or 1.74k%), Pulp and waste paper (NOK10.8M or 170%), and Non-ferrous metals (NOK6.69M or 9.7k%). In September 2024, the increase in Norway's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Road vehicles (including air-cushion vehicles) (NOK80.9M or 232%), General industrial machinery and equipment, n.e.s.,... (NOK26M or 96.3%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK21.3M or 87.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK132M(47.9%)
IMPORT GROWTH (September 2023 - September 2024)NOK142M(40.2%)

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 Thailand and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $697M to Thailand. The main products exported from Norway to Thailand were Non-fillet Fresh Fish ($227M), Mixed Mineral or Chemical Fertilizers ($164M), and Scrap Vessels ($104M). During the last 5 years the exports of Norway to Thailand have increased at an annualized rate of 13.2%, from $374M in 2017 to $697M in 2022.

In 2017, Thailand exported $434M to Norway. The main products exported from Thailand to Norway were Iron Structures ($107M), Air Conditioners ($44.6M), and Delivery Trucks ($16.5M). During the last 5 years the exports of Thailand to Norway have decreased at an annualized rate of 7.62%, from $644M in 2022 to $434M in 2017.

Exports from Norway (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Thailand
Top DestinationUnited States$53.4B

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

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

In 2022, countries that imported more from Thailand than Norway included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Thailand

Flow
Scale

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

During 2022, Norway had a large net trade with Thailand in the exports of Animal Products ($304M), Chemical Products ($181M), and Transportation ($105M).

During 2017, Thailand had a large net trade with Norway in the exports of Machines ($141M), Metals ($117M), and Transportation ($37.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Thailand+$8.98MFish Fillets
Top Product Potential Thailand Norway+$23.2MTelephones

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 Thailand. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Thailand. Similarly, a dot/product with the flag of Thailand indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Thailand (Flag) (2022)

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