Trade Trend

In 2023, Norway's total export value is 178.45Billion USD, total import value is 96.91Billion USD, Surplus is 81.54Billion USD, and foreign trade dependency is 0.567. In 2023，Norway's top export products are Petroleum gases and other gaseous hydrocarbons(61.61Billion USD), Petroleum oils and oils obtained from bituminous minerals; crude(51.47Billion USD), Fish; fresh or chilled, excluding fish fillets and other fish meat of heading 0304(9.42Billion USD), top export destinations are United Kingdom(34.01Billion USD), Germany(33.63Billion USD), Netherlands(14.94Billion USD). In 2023, Norway's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(6.14Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(5.20Billion USD), Nickel mattes; nickel oxide sinters and other intermediate products of nickel metallurgy(2.67Billion USD), top import origins are Germany(10.99Billion USD), China(10.83Billion USD), Sweden(10.48Billion USD).

Comparing to 2022, Norway's total export value decreased -98.76Billion USD(-35.63%) in 2023, this could result from its export decreases of products such as Petroleum gases and other gaseous hydrocarbons(-87.49Billion USD or -58.68%), Petroleum oils and oils obtained from bituminous minerals; crude(-6.96Billion USD or -11.92%), Electrical energy(-2.06Billion USD or -44.25%) and export decreases to countries/economics such as Germany(-42.94Billion USD or -56.08%), United Kingdom(-28.00Billion USD or -45.15%), France(-15.31Billion USD or -59.35%). Comparing to 2022, Norway's total import value decreased -10.29Billion USD(-9.60%) in 2023, this could result from its import decreases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(-2.50Billion USD or -28.95%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.81Billion USD or -25.83%), Electrical energy(-1.51Billion USD or -65.60%), and its import decreases from countries/economies such as Sweden(-3.07Billion USD or -22.63%), China(-2.38Billion USD or -18.02%), Russia(-1.57Billion USD or -84.45%).

Cumulated to first 7 months of 2024, Norway's total export value is 68.80Billion USD, total import value is 40.19Billion USD, and tradesurplus is 28.62Billion USD. Cumulated to first 7 months of 2024, Norway's top export products are Petroleum oils and oils obtained from bituminous minerals; crude(22.44Billion USD), Petroleum gases and other gaseous hydrocarbons(19.76Billion USD), Fish; fresh or chilled, excluding fish fillets and other fish meat of heading 0304(3.40Billion USD), and top export destinations are United Kingdom(12.98Billion USD), Germany(10.25Billion USD), Netherlands(7.42Billion USD). Cumulated to first 7 months of 2024, Norway's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(22.44Billion USD), Petroleum gases and other gaseous hydrocarbons(19.76Billion USD), Fish; fresh or chilled, excluding fish fillets and other fish meat of heading 0304(3.40Billion USD), and top import origins areSweden(4.51Billion USD), China(4.46Billion USD), Germany(4.24Billion USD).