Singapore (SGP) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Singapore-Norway Trade: In 2022, Singapore exported $1.18B to Norway. The main products that Singapore exported to Norway were Special Purpose Ships ($634M), Passenger and Cargo Ships ($133M), and Iron Structures ($133M). Over the past 5 years the exports of Singapore to Norway have increased at an annualized rate of 25.8%, from $373M in 2017 to $1.18B in 2022.

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

Norway-Singapore Trade: In 2022, Norway exported $494M to Singapore. The main products that Norway exported to Singapore were Passenger and Cargo Ships ($108M), Non-fillet Fresh Fish ($75.9M), and Refined Petroleum ($26.4M). Over the past 5 years the exports of Norway to Singapore have decreased at an annualized rate of 15.5%, from $1.14B in 2017 to $494M in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $1.18B to Norway. The main products exported from Singapore to Norway were Special Purpose Ships ($634M), Passenger and Cargo Ships ($133M), and Iron Structures ($133M). During the last 5 years the exports of Singapore to Norway have increased at an annualized rate of 25.8%, from $373M in 2017 to $1.18B in 2022.

In 2017, Norway exported $494M to Singapore. The main products exported from Norway to Singapore were Passenger and Cargo Ships ($108M), Non-fillet Fresh Fish ($75.9M), and Refined Petroleum ($26.4M). During the last 5 years the exports of Norway to Singapore have decreased at an annualized rate of 15.5%, from $1.14B in 2022 to $494M in 2017.

Exports from Singapore () to Norway () (2022)

Exports from Norway () to Singapore () (2022)

Latest Data

Trade between Singapore () and Norway ()

Singapore Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Singapore than Norway included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Difference in imports from Norway () and Singapore () (2022)

Comparative Advantage Singapore - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Norway in the exports of Transportation ($768M), Metals ($172M), and Machines ($125M).

During 2017, Norway had a large net trade with Singapore in the exports of Machines ($142M), Transportation ($110M), and Animal Products ($98.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Norway+$7.71MPackaged Medicaments

Top Product Potential Norway Singapore+$37.5MRefined 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

Year

This visualization shows the product space at the HS4 level with the flags of Singapore and Norway. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Singapore.

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Norway () (2022)

Exports from Norway () to Singapore () (2022)

Latest Data

Trade between Singapore () and Norway ()

Singapore Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Singapore () (2022)

Comparative Advantage Singapore - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Singapore () and Norway () (2022)

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