2022
Exports
$1BWorld Rnk 38 / 223
Flag Rnk 16 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$2.53BWorld Rnk 42 / 226
Flag Rnk 10 / 96
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $1B in Pharmaceutical products, making it the 38th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 16th most exported product in Norway. The main destination of Pharmaceutical products exports from Norway are: United States ($183M), Denmark ($105M), Germany ($100M), Japan ($79M), and Netherlands ($65M).

The fastest growing export markets for Pharmaceutical products of Norway between 2021 and 2022 were Ireland ($32.8M), Denmark ($28.4M), and United States ($22M).

Imports In 2022, Norway imported $2.53B in Pharmaceutical products, becoming the 42nd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 10th most imported product in Norway. Norway imports Pharmaceutical products primarily from: Germany ($448M), Sweden ($371M), Switzerland ($238M), Denmark ($222M), and Belgium ($149M).

The fastest growing import markets in Pharmaceutical products for Norway between 2021 and 2022 were Spain ($69.1M), United States ($51.5M), and Denmark ($51.4M).

Latest Trends

Oct 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 (2022)$1B
IMPORTS (2022)$2.53B
NET TRADE (2022)-$1.53B

In 2022, Norway exported $1B in Pharmaceutical products. The main destinations of Norway exports on Pharmaceutical products were United States ($183M), Denmark ($105M), Germany ($100M), Japan ($79M), and Netherlands ($65M).

In 2022, Norway imported $2.53B in Pharmaceutical products, mainly from Germany ($448M), Sweden ($371M), Switzerland ($238M), Denmark ($222M), and Belgium ($149M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Ireland$32.8M (488%)
Denmark$28.4M (37%)
United States$22M (13.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Norway WERE (2021 - 2022):
Belgium-$25.2M (-33.4%)
Saudi Arabia-$16.6M (-91%)
Armenia-$13.6M (-98.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Pharmaceutical products were:
In 2022, 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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