2022
Exports
$7.62BWorld Rnk 29 / 214
Flag Rnk 4 / 1197
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$6.54BWorld Rnk 44 / 225
Flag Rnk 2 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $7.62B in Refined Petroleum, making it the 29th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Norway. The main destination of Refined Petroleum exports from Norway are: Nigeria ($1.64B), Sweden ($1.29B), United States ($906M), Netherlands ($744M), and United Kingdom ($686M).

The fastest growing export markets for Refined Petroleum of Norway between 2021 and 2022 were Sweden ($758M), Nigeria ($447M), and Iceland ($303M).

Imports In 2022, Norway imported $6.54B in Refined Petroleum, becoming the 44th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Norway. Norway imports Refined Petroleum primarily from: Sweden ($2.97B), Netherlands ($1.29B), Russia ($604M), United States ($387M), and Denmark ($245M).

The fastest growing import markets in Refined Petroleum for Norway between 2021 and 2022 were Sweden ($1.41B), Netherlands ($1.02B), and Russia ($191M).

COMPANIES In 2023, leading companies such as Chicken of the Sea (2) were at the forefront of shipping Refined Petroleum from Norway to the United States.

Latest Trends

Aug 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 Refined Petroleum. 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)$7.62B
IMPORTS (2022)$6.54B
NET TRADE (2022)$1.08B

In 2022, Norway exported $7.62B in Refined Petroleum. The main destinations of Norway exports on Refined Petroleum were Nigeria ($1.64B), Sweden ($1.29B), United States ($906M), Netherlands ($744M), and United Kingdom ($686M).

In 2022, Norway imported $6.54B in Refined Petroleum, mainly from Sweden ($2.97B), Netherlands ($1.29B), Russia ($604M), United States ($387M), and Denmark ($245M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$758M (143%)
Nigeria$447M (37.5%)
Iceland$303M (82.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Norway WERE (2021 - 2022):
Denmark-$207M (-52.8%)
Canada-$147M (-86.3%)
Ireland-$90.2M (-86.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Refined Petroleum were:
In 2022, Norway's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $372M
TOP IMPORT POTENTIALRussia+ $387M

Refined Petroleum’s highest export potential is United Kingdom. With an export gap of $372M.   Refined Petroleum’s highest import potential is Russia with an import gap of $387M.

See methodology.

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