2023
Exports
$2.84BWorld Rnk 7 / 102
Flag Rnk 7 / 1199
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$773MWorld Rnk 30 / 126
Flag Rnk 20 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $2.84B in Electricity, making it the 7th largest exporter of Electricity in the world. At the same year, Electricity was the 7th most exported product in Norway. The main destination of Electricity exports from Norway are: United Kingdom ($1.02B), Germany ($641M), Denmark ($537M), Sweden ($349M), and Netherlands ($276M).

Imports In 2023, Norway imported $773M in Electricity, becoming the 30th largest importer of Electricity in the world. At the same year, Electricity was the 20th most imported product in Norway. Norway imports Electricity primarily from: Sweden ($429M), Denmark ($159M), Germany ($116M), Netherlands ($40.2M), and United Kingdom ($27.7M).

The fastest growing import markets in Electricity for Norway between 2022 and 2023 were Finland ($74.9k).

Latest Trends

Dec 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 (2023)$2.84B
IMPORTS (2023)$773M
NET TRADE (2023)$2.07B

In 2023, Norway exported $2.84B in Electricity. The main destinations of Norway exports on Electricity were United Kingdom ($1.02B), Germany ($641M), Denmark ($537M), Sweden ($349M), and Netherlands ($276M).

In 2023, Norway imported $773M in Electricity, mainly from Sweden ($429M), Denmark ($159M), Germany ($116M), Netherlands ($40.2M), and United Kingdom ($27.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Norway WERE (2022 - 2023):
Denmark-$788M (-59.5%)
Germany-$674M (-51.3%)
Sweden-$427M (-55%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Electricity were:
In 2023, Norway's main importing competitors in Electricity were:

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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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