2023
Exports
$132BWorld Rnk 7 / 224
Flag Rnk 1 / 21
2023
PRODUCT COMPLEXITY IN Mineral Products
0.38Rnk 423 / 1025
2023
Imports
$9.75BWorld Rnk 51 / 226
Flag Rnk 4 / 21
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $132B in Mineral Products, making it the 7th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 1st most exported product in Norway. The main destination of Mineral Products exports from Norway are: Germany ($29.6B), United Kingdom ($29.4B), France ($9.87B), Denmark ($9.13B), and Belgium ($8.84B).

The fastest growing export markets for Mineral Products of Norway between 2022 and 2023 were Denmark ($6.47B), Poland ($3.66B), and Czechia ($1.38B).

Imports In 2023, Norway imported $9.75B in Mineral Products, becoming the 51st largest importer of Mineral Products in the world. At the same year, Mineral Products was the 4th most imported product in Norway. Norway imports Mineral Products primarily from: Sweden ($2.26B), Netherlands ($1.88B), United States ($1.8B), United Kingdom ($630M), and Belgium ($528M).

The fastest growing import markets in Mineral Products for Norway between 2022 and 2023 were United States ($683M), Netherlands ($493M), and Nigeria ($288M).

COMPANIES In 2024, leading companies such as Adidas (136), RHI Magnesita (29), and Costco Wholesale (8) were at the forefront of shipping Mineral Products from Norway to the United States.

Latest Trends

Jan 2025

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 Products. 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)$132B
IMPORTS (2023)$9.75B
NET TRADE (2023)$122B

In 2023, Norway exported $132B in Mineral Products. The main destinations of Norway exports on Mineral Products were Germany ($29.6B), United Kingdom ($29.4B), France ($9.87B), Denmark ($9.13B), and Belgium ($8.84B).

In 2023, Norway imported $9.75B in Mineral Products, mainly from Sweden ($2.26B), Netherlands ($1.88B), United States ($1.8B), United Kingdom ($630M), and Belgium ($528M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Denmark$6.47B (243%)
Poland$3.66B (160%)
Czechia$1.38B (83.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Norway WERE (2022 - 2023):
Germany-$42.7B (-59.1%)
United Kingdom-$21.5B (-42.2%)
France-$14.4B (-59.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.92B
TOP IMPORT POTENTIALRussia+ $475M

Mineral Products’s highest export potential is China. With an export gap of $1.92B.   Mineral Products’s highest import potential is Russia with an import gap of $475M.

See methodology.

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