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2023
Flag → Flag
Exports $456MRnk 31 / 205
2023
Flag → Flag
Top Product $174MNon-fillet Fresh Fish
2023
Flag → Flag
Exports $100MRnk 50 / 193
2023
Flag → Flag
Top Product $36.5MRapeseed Oil
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 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$5,070CURRENT US$
Rnk 122 / 196
2013-2023
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GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Norway-Ukraine Trade: In 2023, Norway exported $456M to Ukraine. The main products that Norway exported to Ukraine were Non-fillet Fresh Fish ($174M), Explosive Ammunition ($57.3M), and Fish Fillets ($46.3M). Over the past 5 years the exports of Norway to Ukraine have increased at an annualized rate of 15.2%, from $225M in 2018 to $456M in 2023.

In 2023, Norway did not export any services to Ukraine.

Ukraine-Norway Trade: In 2023, Ukraine exported $100M to Norway. The main products that Ukraine exported to Norway were Rapeseed Oil ($36.5M), Starch Residue ($6.25M), and Sports Equipment ($5.66M). Over the past 5 years the exports of Ukraine to Norway have increased at an annualized rate of 7.51%,  from $69.7M in 2018 to $100M in 2023.

In 2023, Ukraine did not export any services to Norway.

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK766M and imported NOK74.3M from Ukraine, resulting in a positive trade balance of NOK692M. Between December 2023 and December 2024 the exports of Norway have increased by NOK431M (129%) from NOK335M to NOK766M, while imports increased by NOK13M (21.2%) from NOK61.3M to NOK74.3M.

Trade In December 2024, the top exports of Norway to Ukraine were Fish (not marine mammals), crustaceans, molluscs... (NOK179M), Miscellaneous manufactured articles, n.e.s. (NOK110M), Road vehicles (including air-cushion vehicles) (NOK34.5M), Plastics in primary forms (NOK3.98M), and Power-generating machinery and equipment (NOK3.4M). In December 2024 the top imports of Norway from Ukraine were Fixed vegetable fats and oils, crude,... (NOK42.8M), Oil-seeds and oleaginous fruits (NOK10.2M), Metalliferous ores and metal scrap (NOK6.96M), Feeding stuff for animals (not including... (NOK5.18M), and Furniture, and parts thereof; bedding, mattresses,... (NOK4.96M).

Growth In December 2024, the increase in Norway's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Road vehicles (including air-cushion vehicles) (NOK24.1M or 232%), Plastics in primary forms (NOK3.62M or 986%), and Essential oils and resinoids and perfume... (NOK1.32M or 179%). In December 2024, the increase in Norway's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Fixed vegetable fats and oils, crude,... (NOK39.6M or 1.23k%), Oil-seeds and oleaginous fruits (NOK8.37M or 466%), and Feeding stuff for animals (not including... (NOK4.82M or 1.34k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK431M(129%)
IMPORT GROWTH (December 2023 - December 2024)NOK13M(21.2%)

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 Ukraine and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $456M to Ukraine. The main products exported from Norway to Ukraine were Non-fillet Fresh Fish ($174M), Explosive Ammunition ($57.3M), and Fish Fillets ($46.3M). During the last 5 years the exports of Norway to Ukraine have increased at an annualized rate of 15.2%, from $225M in 2018 to $456M in 2023.

In 2018, Ukraine exported $100M to Norway. The main products exported from Ukraine to Norway were Rapeseed Oil ($36.5M), Starch Residue ($6.25M), and Sports Equipment ($5.66M). During the last 5 years the exports of Ukraine to Norway have increased at an annualized rate of 7.51%, from $69.7M in 2023 to $100M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Norway than Ukraine included United Kingdom ($32.6B), Germany ($33.8B), and Sweden ($15.9B).

In 2023, countries that imported more from Ukraine than Norway included Romania ($3.56B), Turkey ($2.88B), and Moldova ($1.13B).

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

Comparative Advantage Norway - Ukraine

Flow
Scale

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

During 2023, Norway had a large net trade with Ukraine in the exports of Animal Products ($276M), Weapons ($75.1M), and Transportation ($47.8M).

During 2018, Ukraine had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($41.9M), Foodstuffs ($9.55M), and Miscellaneous ($7.69M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Ukraine+$2.59MCars
Top Product Potential Ukraine Norway+$3.05MOther Furniture

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

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

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