2023
Exports
$1.45BWorld Rnk 33 / 225
Flag Rnk 14 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$2.44BWorld Rnk 43 / 226
Flag Rnk 11 / 96
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $1.45B in Pharmaceutical products, making it the 33rd largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 14th most exported product in Norway. The main destination of Pharmaceutical products exports from Norway are: United States ($347M), Denmark ($146M), Germany ($133M), Belgium ($85.1M), and Netherlands ($79.4M).

The fastest growing export markets for Pharmaceutical products of Norway between 2022 and 2023 were Denmark ($35.4M), China ($29.9M), and Spain ($28.3M).

Imports In 2023, Norway imported $2.44B in Pharmaceutical products, becoming the 43rd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 11th most imported product in Norway. Norway imports Pharmaceutical products primarily from: Germany ($460M), Denmark ($261M), United States ($242M), Switzerland ($205M), and United Kingdom ($126M).

The fastest growing import markets in Pharmaceutical products for Norway between 2022 and 2023 were United States ($122M), Denmark ($85.4M), and Switzerland ($14.9M).

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 Pharmaceutical 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)$1.45B
IMPORTS (2023)$2.44B
NET TRADE (2023)-$994M

In 2023, Norway exported $1.45B in Pharmaceutical products. The main destinations of Norway exports on Pharmaceutical products were United States ($347M), Denmark ($146M), Germany ($133M), Belgium ($85.1M), and Netherlands ($79.4M).

In 2023, Norway imported $2.44B in Pharmaceutical products, mainly from Germany ($460M), Denmark ($261M), United States ($242M), Switzerland ($205M), and United Kingdom ($126M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Denmark$35.4M (32%)
China$29.9M (126%)
Spain$28.3M (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Norway WERE (2022 - 2023):
United States-$32.4M (-8.55%)
South Korea-$14M (-69.3%)
South Africa-$4.23M (-68%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $69.3M
TOP IMPORT POTENTIALGermany+ $157M

Pharmaceutical products’s highest export potential is United States. With an export gap of $69.3M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $157M.

See methodology.

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