2022
Flag  
GDP
$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP GROWTH
33.4%CURRENT US$
Rnk 92 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$29,457CURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP PC GROWTH
30.1%CURRENT US$
Rnk 63 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Slovenia-Norway Trade: In 2022, Slovenia exported $159M to Norway. The main products that Slovenia exported to Norway were Packaged Medicaments ($28.2M), Aluminium Bars ($21.7M), and Electrical Transformers ($13.6M). Over the past 5 years the exports of Slovenia to Norway have increased at an annualized rate of 8.72%, from $105M in 2017 to $159M in 2022.

In 2020, Slovenia exported services to Norway worth $9.59M, with Transportation ($2.06M), Computer and information services ($1.94M), and Communications services ($1.6M) being the largest in terms of value.

Norway-Slovenia Trade: In 2022, Norway exported $53.3M to Slovenia. The main products that Norway exported to Slovenia were Non-Iron and Steel Slag, Ash and Residues ($9.4M), Amino-resins ($3.34M), and Fish Fillets ($3.3M). Over the past 5 years the exports of Norway to Slovenia have increased at an annualized rate of 10.8%,  from $31.9M in 2017 to $53.3M in 2022.

In 2009, Norway exported services to Slovenia worth $8.15M, with Travel ($8.15M) being the largest in terms of value.

Comparison: In 2022,  Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45), and 56 in total exports ($56B). 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
Value

In 2022, Slovenia exported $159M to Norway. The main products exported from Slovenia to Norway were Packaged Medicaments ($28.2M), Aluminium Bars ($21.7M), and Electrical Transformers ($13.6M). During the last 5 years the exports of Slovenia to Norway have increased at an annualized rate of 8.72%, from $105M in 2017 to $159M in 2022.

In 2017, Norway exported $53.3M to Slovenia. The main products exported from Norway to Slovenia were Non-Iron and Steel Slag, Ash and Residues ($9.4M), Amino-resins ($3.34M), and Fish Fillets ($3.3M). During the last 5 years the exports of Norway to Slovenia have increased at an annualized rate of 10.8%, from $31.9M in 2022 to $53.3M in 2017.

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

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

Latest Data

Trade between Slovenia (Flag) and Norway (Flag)

Slovenia Exports

Norway Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$9.92B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Slovenia than Norway included Switzerland ($9.92B), Croatia ($4.68B), and Austria ($3.75B).

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

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

Comparative Advantage Slovenia - Norway

Flow
Scale

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

During 2022, Slovenia had a large net trade with Norway in the exports of Machines ($50.4M), Chemical Products ($34.6M), and Metals ($27.2M).

During 2017, Norway had a large net trade with Slovenia in the exports of Mineral Products ($10.2M), Chemical Products ($7.71M), and Machines ($6.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovenia Norway+$16.6MPackaged Medicaments
Top Product Potential Norway Slovenia+$4.06MRaw Aluminium

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

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

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