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2022
Flag → Flag
Exports $382MRnk 30 / 208
2022
Flag → Flag
Top Product $118MZinc Ore
2022
Flag → Flag
Exports $713MRnk 25 / 209
2022
Flag → Flag
Top Product $318MDried/Salted/Smoked/Brined Fish
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Portugal-Norway Trade: In 2022, Portugal exported $382M to Norway. The main products that Portugal exported to Norway were Zinc Ore ($118M), Raw Iron Bars ($29.7M), and Leather Footwear ($18.1M). Over the past 5 years the exports of Portugal to Norway have increased at an annualized rate of 7.37%, from $268M in 2017 to $382M in 2022.

In 2020, Portugal exported services to Norway worth $35.4M, with Travel ($35.4M) being the largest in terms of value.

Norway-Portugal Trade: In 2022, Norway exported $713M to Portugal. The main products that Norway exported to Portugal were Dried/Salted/Smoked/Brined Fish ($318M), Raw Aluminium ($133M), and Non-fillet Fresh Fish ($95.1M). Over the past 5 years the exports of Norway to Portugal have increased at an annualized rate of 2.75%,  from $606M in 2017 to $713M in 2022.

In 2009, Norway exported services to Portugal worth $108M, with Financial services ($41.6M), Travel ($24.3M), and Transportation ($18.1M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €37.6M and imported €16.7M from Norway, resulting in a positive trade balance of €20.9M. Between September 2023 and September 2024 the exports of Portugal have increased by €23.5M (168%) from €14M to €37.6M, while imports increased by €11.2M (204%) from €5.48M to €16.7M.

Trade In September 2024, the top exports of Portugal to Norway were Ores, slag and ash (€16.2M), Iron & steel (€2.25M), Machinery, mechanical appliances, & parts (€1.13M), Footwear (€1.09M), and Knitted clothing accesories (€942k). In September 2024 the top imports of Portugal from Norway were Mineral fuels, mineral oils and products... (€3.82M), Iron & steel (€1.95M), Electrical machinery and electronics (€892k), Inorganic chemicals (€604k), and Salt, sulphur, cement, lime, stone, &... (€468k).

Growth In September 2024, the increase in Portugal's year-by-year exports to Norway was explained primarily by an increase in product exports in Ores, slag and ash (€3.43M or 26.8%), Machinery, mechanical appliances, & parts (€629k or 125%), and Optical, photo, & film equipment; medical... (€522k or 183%). In September 2024, the increase in Portugal's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Electrical machinery and electronics (€701k or 368%), Salt, sulphur, cement, lime, stone, &... (€468k or 23.4M%), and Inorganic chemicals (€143k or 31%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€23.5M(168%)
IMPORT GROWTH (September 2023 - September 2024)€11.2M(204%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Norway and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $382M to Norway. The main products exported from Portugal to Norway were Zinc Ore ($118M), Raw Iron Bars ($29.7M), and Leather Footwear ($18.1M). During the last 5 years the exports of Portugal to Norway have increased at an annualized rate of 7.37%, from $268M in 2017 to $382M in 2022.

In 2017, Norway exported $713M to Portugal. The main products exported from Norway to Portugal were Dried/Salted/Smoked/Brined Fish ($318M), Raw Aluminium ($133M), and Non-fillet Fresh Fish ($95.1M). During the last 5 years the exports of Norway to Portugal have increased at an annualized rate of 2.75%, from $606M in 2022 to $713M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Portugal than Norway included Spain ($20.5B), Angola ($1.59B), and Morocco ($897M).

In 2022, countries that imported more from Norway than Portugal included Germany ($78.1B), United Kingdom ($59.1B), and Belgium ($20.3B).

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

Comparative Advantage Portugal - Norway

Flow
Scale

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

During 2022, Portugal had a large net trade with Norway in the exports of Mineral Products ($118M), Metals ($64.5M), and Textiles ($33.7M).

During 2017, Norway had a large net trade with Portugal in the exports of Animal Products ($430M), Metals ($142M), and Mineral Products ($104M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Norway+$4.96MInsulated Wire
Top Product Potential Norway Portugal+$80.6MCrude Petroleum

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

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

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