2023
Exports
$704MWorld Rnk 6 / 165
Flag Rnk 17 / 1199
2023
PRODUCT COMPLEXITY IN Hydrogen
-0.073Rnk 582 / 1025
2023
Imports
$106MWorld Rnk 23 / 217
Flag Rnk 187 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $704M in Hydrogen, making it the 6th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 17th most exported product in Norway. The main destination of Hydrogen exports from Norway are: Germany ($455M), Netherlands ($47.7M), United States ($43.1M), Sweden ($41.2M), and Japan ($36.7M).

The fastest growing export markets for Hydrogen of Norway between 2022 and 2023 were Spain ($9.57M), Malaysia ($7.2M), and Finland ($6.22M).

Imports In 2023, Norway imported $106M in Hydrogen, becoming the 23rd largest importer of Hydrogen in the world. At the same year, Hydrogen was the 187th most imported product in Norway. Norway imports Hydrogen primarily from: China ($67M), Brazil ($12.1M), Germany ($7.37M), United States ($4.08M), and France ($3.53M).

The fastest growing import markets in Hydrogen for Norway between 2022 and 2023 were United Kingdom ($935k), Belgium ($398k), and Canada ($293k).

COMPANIES In 2024, leading companies such as Costco Wholesale (1) were at the forefront of shipping Hydrogen from Norway to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Hydrogen. 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)$704M
IMPORTS (2023)$106M
NET TRADE (2023)$599M

In 2023, Norway exported $704M in Hydrogen. The main destinations of Norway exports on Hydrogen were Germany ($455M), Netherlands ($47.7M), United States ($43.1M), Sweden ($41.2M), and Japan ($36.7M).

In 2023, Norway imported $106M in Hydrogen, mainly from China ($67M), Brazil ($12.1M), Germany ($7.37M), United States ($4.08M), and France ($3.53M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Spain$9.57M (1.18k%)
Malaysia$7.2M (285k%)
Finland$6.22M (815%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Norway WERE (2022 - 2023):
Netherlands-$52.9M (-52.5%)
Japan-$47M (-56.2%)
United States-$46.9M (-52.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Hydrogen were:
In 2023, Norway's main importing competitors in Hydrogen were:
China $2.1B
Japan $1.45B
Germany $1.27B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $25.2M
TOP IMPORT POTENTIALUnited States+ $4.03M

Hydrogen’s highest export potential is China. With an export gap of $25.2M.   Hydrogen’s highest import potential is United States with an import gap of $4.03M.

See methodology.

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