2023
Flag  
GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
 GDP
$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH
-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC 
$32,610CURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC
$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH
-15.1%CURRENT US$
Rnk 171 / 195

About

Slovenia-Norway Trade: In 2023, Slovenia exported $201M to Norway. The main products that Slovenia exported to Norway were Packaged Medicaments ($37.4M), Aluminium Bars ($21.1M), and Electrical Transformers ($16.2M). Over the past 5 years the exports of Slovenia to Norway have increased at an annualized rate of 3.34%, from $171M in 2018 to $201M in 2023.

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 2023, Norway exported $49.1M to Slovenia. The main products that Norway exported to Slovenia were Non-Iron and Steel Slag, Ash and Residues ($6.76M), Raw Aluminium ($4.34M), and Fish Fillets ($4.24M). Over the past 5 years the exports of Norway to Slovenia have increased at an annualized rate of 3.11%,  from $42.1M in 2018 to $49.1M in 2023.

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

Comparison: In 2023,  Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovenia exported $201M to Norway. The main products exported from Slovenia to Norway were Packaged Medicaments ($37.4M), Aluminium Bars ($21.1M), and Electrical Transformers ($16.2M). During the last 5 years the exports of Slovenia to Norway have increased at an annualized rate of 3.34%, from $171M in 2018 to $201M in 2023.

In 2018, Norway exported $49.1M to Slovenia. The main products exported from Norway to Slovenia were Non-Iron and Steel Slag, Ash and Residues ($6.76M), Raw Aluminium ($4.34M), and Fish Fillets ($4.24M). During the last 5 years the exports of Norway to Slovenia have increased at an annualized rate of 3.11%, from $42.1M in 2023 to $49.1M in 2018.

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

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

Latest Data

Trade between Slovenia (Flag) and Norway (Flag)

Slovenia Exports

Norway Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$13.5B
Norway
Top Destination
Germany$33.8B

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 2023, countries that imported more from Slovenia than Norway included Switzerland ($13.5B), Croatia ($4.85B), and Austria ($3.38B).

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

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

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 2023, Slovenia had a large net trade with Norway in the exports of Machines ($76.3M), Chemical Products ($44.9M), and Metals ($27.4M).

During 2018, Norway had a large net trade with Slovenia in the exports of Chemical Products ($9.03M), Animal Products ($8.61M), and Mineral Products ($7.98M).

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) (2023)

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