2023
Exports
$75.1MWorld Rnk 11 / 155
Flag Rnk 131 / 1199
2023
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.29Rnk 898 / 1025
2023
Imports
$35.2MWorld Rnk 35 / 217
Flag Rnk 387 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $75.1M in Other Vegetable Oils, making it the 11th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 131st most exported product in Norway. The main destination of Other Vegetable Oils exports from Norway are: United States ($31.9M), Australia ($13.3M), Denmark ($7.11M), United Kingdom ($4.67M), and Germany ($4.5M).

The fastest growing export markets for Other Vegetable Oils of Norway between 2022 and 2023 were Australia ($2.79M), Denmark ($2.38M), and Germany ($1.93M).

Imports In 2023, Norway imported $35.2M in Other Vegetable Oils, becoming the 35th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 387th most imported product in Norway. Norway imports Other Vegetable Oils primarily from: Sweden ($11.6M), Germany ($10.5M), Netherlands ($5.47M), Chile ($2.68M), and Denmark ($1.43M).

The fastest growing import markets in Other Vegetable Oils for Norway between 2022 and 2023 were Netherlands ($2.36M), United States ($1.09M), and Denmark ($815k).

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 Other Vegetable Oils. 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)$75.1M
IMPORTS (2023)$35.2M
NET TRADE (2023)$39.8M

In 2023, Norway exported $75.1M in Other Vegetable Oils. The main destinations of Norway exports on Other Vegetable Oils were United States ($31.9M), Australia ($13.3M), Denmark ($7.11M), United Kingdom ($4.67M), and Germany ($4.5M).

In 2023, Norway imported $35.2M in Other Vegetable Oils, mainly from Sweden ($11.6M), Germany ($10.5M), Netherlands ($5.47M), Chile ($2.68M), and Denmark ($1.43M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Australia$2.79M (26.5%)
Denmark$2.38M (50.2%)
Germany$1.93M (75%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Norway WERE (2022 - 2023):
United States-$11.1M (-25.9%)
United Kingdom-$1.01M (-17.8%)
Finland-$953k (-79.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Other Vegetable Oils were:
In 2023, Norway's main importing competitors in Other Vegetable Oils were:

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.23M
TOP IMPORT POTENTIALChina+ $450k

Other Vegetable Oils’s highest export potential is China. With an export gap of $2.23M.   Other Vegetable Oils’s highest import potential is China with an import gap of $450k.

See methodology.

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