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2022
Flag → Flag
Exports $78.1BRnk 1 / 209
2022
Flag → Flag
Top Product $65.7BPetroleum Gas
2022
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Exports $12BRnk 28 / 223
2022
Flag → Flag
Top Product $3.13BCars
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Norway-Germany Trade: In 2022, Norway exported $78.1B to Germany. The main products that Norway exported to Germany were Petroleum Gas ($65.7B), Crude Petroleum ($5.7B), and Electricity ($1.32B). Over the past 5 years the exports of Norway to Germany have increased at an annualized rate of 36.7%, from $16.3B in 2017 to $78.1B in 2022.

In 2009, Norway exported services to Germany worth $3.06B, with Transportation ($1.15B), Other business services ($755M), and Travel ($649M) being the largest in terms of value.

Germany-Norway Trade: In 2022, Germany exported $12B to Norway. The main products that Germany exported to Norway were Cars ($3.13B), Electricity ($365M), and Packaged Medicaments ($233M). Over the past 5 years the exports of Germany to Norway have increased at an annualized rate of 4.01%,  from $9.84B in 2017 to $12B in 2022.

In 2020, Germany exported services to Norway worth $1.05B, with Other business services ($427M), Transportation ($289M), and Computer and information services ($144M) being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

September, 2024

About

Overview In September 2024, Norway exported NOK17.8B and imported NOK9.95B from Germany, resulting in a positive trade balance of NOK7.86B. Between September 2023 and September 2024 the exports of Norway have decreased by NOK-589M (-3.2%) from NOK18.4B to NOK17.8B, while imports increased by NOK72.5M (0.73%) from NOK9.88B to NOK9.95B.

Trade In September 2024, the top exports of Norway to Germany were Gas, natural and manufactured (NOK31.1B), Petroleum, petroleum products and related materials (NOK3.5B), Electric current (NOK576M), Inorganic chemicals (NOK447M), and Non-ferrous metals (NOK446M). In September 2024 the top imports of Norway from Germany were Road vehicles (including air-cushion vehicles) (NOK2.02B), General industrial machinery and equipment, n.e.s.,... (NOK696M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK463M), Medicinal and pharmaceutical products (NOK451M), and Machinery specialized for particular industries (NOK381M).

Growth In September 2024, the decrease in Norway's year-by-year exports to Germany was explained primarily by an decrease in product exports in Gas, natural and manufactured (NOK-3.83B or -11%), Non-ferrous metals (NOK-353M or -44.2%), and Electric current (NOK-161M or -21.8%). In September 2024, the increase in Norway's year-by-year imports  from Germany was explained primarily by an increase in product imports  in General industrial machinery and equipment, n.e.s.,... (NOK218M or 45.7%), Iron and steel (NOK159M or 134%), and Chemical materials and products, n.e.s. (NOK149M or 82.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)NOK-589M(-3.2%)
IMPORT GROWTH (September 2023 - September 2024)NOK72.5M(0.73%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Germany and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Germany and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $78.1B to Germany. The main products exported from Norway to Germany were Petroleum Gas ($65.7B), Crude Petroleum ($5.7B), and Electricity ($1.32B). During the last 5 years the exports of Norway to Germany have increased at an annualized rate of 36.7%, from $16.3B in 2017 to $78.1B in 2022.

In 2017, Germany exported $12B to Norway. The main products exported from Germany to Norway were Cars ($3.13B), Electricity ($365M), and Packaged Medicaments ($233M). During the last 5 years the exports of Germany to Norway have increased at an annualized rate of 4.01%, from $9.84B in 2022 to $12B in 2017.

Exports from Norway (Flag) to Germany (Flag) (2022)

Exports from Germany (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Germany
Top DestinationUnited States$153B

This map shows whether countries import more from Norway or Germany. Each country is colored based on the difference in imports they receive from Norway and Germany or the difference in the growth in imports.

In 2022, countries that imported more from Norway than Germany included Nigeria ($1.75B), Iceland ($1.17B), and Bermuda ($310M).

In 2022, countries that imported more from Germany than Norway included United States ($153B), China ($109B), and France ($120B).

Difference in imports from Germany (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Germany

Flow
Scale

This chart compares trade between Norway and Germany by product, considering products traded by both, Norway and Germany.

During 2022, Norway had a large net trade with Germany in the exports of Mineral Products ($73.4B), Metals ($1.91B), and Chemical Products ($861M).

During 2017, Germany had a large net trade with Norway in the exports of Transportation ($4.11B), Machines ($2.4B), and Chemical Products ($1.12B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Germany+$1.73BCrude Petroleum
Top Product Potential Germany Norway+$89.2MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2009, Norway exported services to Germany worth $3.06B, with Transportation ($1.15B), Other business services ($755M), and Travel ($649M) being the largest in terms of value.

In 2020, Germany exported services to Norway worth $1.05B, with Other business services ($427M), Transportation ($289M), and Computer and information services ($144M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Germany (Flag) (2009)

Services Exports from Germany (Flag) to Norway (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and Germany. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Germany (Flag) (2022)

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