2022
Exports
$226BWorld Rnk 4 / 216
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$11.1BWorld Rnk 52 / 225
Flag Rnk 3 / 96
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $226B in Mineral fuels, mineral oils and products of their distillation, making it the 4th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Norway. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Norway are: Germany ($73.2B), United Kingdom ($55.4B), France ($23.8B), Belgium ($19.4B), and Netherlands ($11.5B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Norway between 2021 and 2022 were Germany ($41.5B), United Kingdom ($22.6B), and France ($15.9B).

Imports In 2022, Norway imported $11.1B in Mineral fuels, mineral oils and products of their distillation, becoming the 52nd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 3rd most imported product in Norway. Norway imports Mineral fuels, mineral oils and products of their distillation primarily from: Sweden ($4.2B), Netherlands ($1.45B), United States ($1.07B), United Kingdom ($881M), and Denmark ($788M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Norway between 2021 and 2022 were Sweden ($2.28B), Netherlands ($1.03B), and United Kingdom ($473M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (2) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Norway to the United States.

Latest Trends

Sep 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 Mineral fuels, mineral oils and products of their distillation. 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)$226B
IMPORTS (2022)$11.1B
NET TRADE (2022)$214B

In 2022, Norway exported $226B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Norway exports on Mineral fuels, mineral oils and products of their distillation were Germany ($73.2B), United Kingdom ($55.4B), France ($23.8B), Belgium ($19.4B), and Netherlands ($11.5B).

In 2022, Norway imported $11.1B in Mineral fuels, mineral oils and products of their distillation, mainly from Sweden ($4.2B), Netherlands ($1.45B), United States ($1.07B), United Kingdom ($881M), and Denmark ($788M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Germany$41.5B (131%)
United Kingdom$22.6B (68.9%)
France$15.9B (201%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Norway WERE (2021 - 2022):
China-$3.36B (-52.2%)
Turkey-$784M (-77%)
South Korea-$777M (-65.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Norway's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $1.94B
TOP IMPORT POTENTIALRussia+ $473M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is China. With an export gap of $1.94B.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Russia with an import gap of $473M.

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