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2023
Flag → Flag
Exports $1.26BRnk 17 / 205
2023
Flag → Flag
Top Product $208MCrude Petroleum
2023
Flag → Flag
Exports $1.09BRnk 47 / 216
2023
Flag → Flag
Top Product $212MPassenger and Cargo Ships
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 195
2023
Flag
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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Norway-Turkey Trade: In 2023, Norway exported $1.26B to Turkey. The main products that Norway exported to Turkey were Crude Petroleum ($208M), Petroleum Gas ($132M), and Fish Oil ($114M). Over the past 5 years the exports of Norway to Turkey have increased at an annualized rate of 5.99%, from $944M in 2018 to $1.26B in 2023.

In 2009, Norway exported services to Turkey worth $3.68M, with Transportation ($2.56M), Travel ($799k), and Insurance services ($319k) being the largest in terms of value.

Turkey-Norway Trade: In 2023, Turkey exported $1.09B to Norway. The main products that Turkey exported to Norway were Passenger and Cargo Ships ($212M), Fishing Ships ($89M), and Delivery Trucks ($69.4M). Over the past 5 years the exports of Turkey to Norway have increased at an annualized rate of 2.42%,  from $839M in 2018 to $1.09B in 2023.

In 2009, Turkey exported services to Norway worth $0, with 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK1.01B and imported NOK843M from Turkey, resulting in a positive trade balance of NOK163M. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-220M (-17.9%) from NOK1.23B to NOK1.01B, while imports increased by NOK246M (41.3%) from NOK597M to NOK843M.

Trade In December 2024, the top exports of Norway to Turkey were Other transport equipment (NOK185M), Power-generating machinery and equipment (NOK139M), Plastics in primary forms (NOK98.6M), Animal oils and fats (NOK97.8M), and Fish (not marine mammals), crustaceans, molluscs... (NOK70M). In December 2024 the top imports of Norway from Turkey were Articles of apparel and clothing accessories (NOK200M), Road vehicles (including air-cushion vehicles) (NOK190M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK87.1M), Vegetables and fruit (NOK40.1M), and Manufactures of metals, n.e.s. (NOK27.5M).

Growth In December 2024, the decrease in Norway's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Petroleum, petroleum products and related materials (NOK-836M or -100%), Miscellaneous manufactured articles, n.e.s. (NOK-132M or -98.5%), and General industrial machinery and equipment, n.e.s.,... (NOK-15.2M or -19.4%). In December 2024, the increase in Norway's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Road vehicles (including air-cushion vehicles) (NOK122M or 179%), Articles of apparel and clothing accessories (NOK19.7M or 11%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK18.8M or 27.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-220M(-17.9%)
IMPORT GROWTH (December 2023 - December 2024)NOK246M(41.3%)

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 Turkey and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $1.26B to Turkey. The main products exported from Norway to Turkey were Crude Petroleum ($208M), Petroleum Gas ($132M), and Fish Oil ($114M). During the last 5 years the exports of Norway to Turkey have increased at an annualized rate of 5.99%, from $944M in 2018 to $1.26B in 2023.

In 2018, Turkey exported $1.09B to Norway. The main products exported from Turkey to Norway were Passenger and Cargo Ships ($212M), Fishing Ships ($89M), and Delivery Trucks ($69.4M). During the last 5 years the exports of Turkey to Norway have increased at an annualized rate of 2.42%, from $839M in 2023 to $1.09B in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Turkey
Top DestinationGermany$24.7B

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

In 2023, countries that imported more from Norway than Turkey included United Kingdom ($32.6B), Sweden ($15.9B), and Denmark ($12.7B).

In 2023, countries that imported more from Turkey than Norway included United Arab Emirates ($14.7B), Iraq ($12.8B), and Russia ($10.8B).

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

Comparative Advantage Norway - Turkey

Flow
Scale

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

During 2023, Norway had a large net trade with Turkey in the exports of Mineral Products ($346M), Machines ($209M), and Metals ($158M).

During 2018, Turkey had a large net trade with Norway in the exports of Transportation ($437M), Textiles ($208M), and Machines ($154M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Turkey+$139MCrude Petroleum
Top Product Potential Turkey Norway+$40.6MCars

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

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

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