2022
Exports
$4.74BWorld Rnk 11 / 98
Flag Rnk 5 / 1197
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$1.8BWorld Rnk 23 / 128
Flag Rnk 5 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $4.74B in Electricity, making it the 11th largest exporter of Electricity in the world. At the same year, Electricity was the 5th most exported product in Norway. The main destination of Electricity exports from Norway are: Denmark ($1.35B), Germany ($1.32B), United Kingdom ($980M), Sweden ($749M), and Netherlands ($307M).

The fastest growing export markets for Electricity of Norway between 2021 and 2022 were Germany ($879M), United Kingdom ($755M), and Denmark ($589M).

Imports In 2022, Norway imported $1.8B in Electricity, becoming the 23rd largest importer of Electricity in the world. At the same year, Electricity was the 5th most imported product in Norway. Norway imports Electricity primarily from: Sweden ($545M), United Kingdom ($457M), Denmark ($370M), Germany ($365M), and Netherlands ($62.5M).

The fastest growing import markets in Electricity for Norway between 2021 and 2022 were United Kingdom ($452M), Sweden ($377M), and Denmark ($261M).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electricity. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.74B
IMPORTS (2022)$1.8B
NET TRADE (2022)$2.94B

In 2022, Norway exported $4.74B in Electricity. The main destinations of Norway exports on Electricity were Denmark ($1.35B), Germany ($1.32B), United Kingdom ($980M), Sweden ($749M), and Netherlands ($307M).

In 2022, Norway imported $1.8B in Electricity, mainly from Sweden ($545M), United Kingdom ($457M), Denmark ($370M), Germany ($365M), and Netherlands ($62.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Germany$879M (200%)
United Kingdom$755M (335%)
Denmark$589M (77.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Norway WERE (2021 - 2022):
Netherlands-$38M (-11%)
Russia-$2.36k (-77.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electricity were:
In 2022, Norway's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFinland+ $23.8M
TOP IMPORT POTENTIALNetherlands+ $23.8M

Electricity’s highest export potential is Finland. With an export gap of $23.8M.   Electricity’s highest import potential is Netherlands with an import gap of $23.8M.

See methodology.

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