Vietnam (VNM) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Vietnam-Norway Trade: In 2023, Vietnam exported $923M to Norway. The main products that Vietnam exported to Norway were Broadcasting Equipment ($260M), Textile Footwear ($98.9M), and Leather Footwear ($52.4M). Over the past 5 years the exports of Vietnam to Norway have increased at an annualized rate of 9.81%, from $578M in 2018 to $923M in 2023.

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

Norway-Vietnam Trade: In 2023, Norway exported $305M to Vietnam. The main products that Norway exported to Vietnam were Non-fillet Frozen Fish ($109M), Non-fillet Fresh Fish ($63.2M), and Fish Fillets ($25.8M). Over the past 5 years the exports of Norway to Vietnam have increased at an annualized rate of 1%, from $287M in 2018 to $305M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $923M to Norway. The main products exported from Vietnam to Norway were Broadcasting Equipment ($260M), Textile Footwear ($98.9M), and Leather Footwear ($52.4M). During the last 5 years the exports of Vietnam to Norway have increased at an annualized rate of 9.81%, from $578M in 2018 to $923M in 2023.

In 2018, Norway exported $305M to Vietnam. The main products exported from Norway to Vietnam were Non-fillet Frozen Fish ($109M), Non-fillet Fresh Fish ($63.2M), and Fish Fillets ($25.8M). During the last 5 years the exports of Norway to Vietnam have increased at an annualized rate of 1%, from $287M in 2023 to $305M in 2018.

Exports from Vietnam () to Norway () (2023)

Exports from Norway () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Norway ()

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Vietnam than Norway included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Difference in imports from Norway () and Vietnam () (2023)

Comparative Advantage Vietnam - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Norway in the exports of Machines ($394M), Footwear and Headwear ($186M), and Textiles ($129M).

During 2018, Norway had a large net trade with Vietnam in the exports of Animal Products ($201M), Machines ($53.8M), and Metals ($12.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Norway+$88.7MTelephones

Top Product Potential Norway Vietnam+$5.34MMixed Mineral or Chemical Fertilizers

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Norway () (2023)

Exports from Norway () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Norway ()

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Vietnam () (2023)

Comparative Advantage Vietnam - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Norway () (2023)

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