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Norway Trade Summary

2020

Norway exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR NORWAY 2020

Overall Exports and Imports for Norway 2020

Exports and imports of Norway in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 82,749 million.
  • The total value of imports (CIF) was 81,624 million.
  • At the HS6 digit level, 3,610 products were exported to 199 countries and 4,358 products were imported from 191 countries.

Norway top 5 Export and Import partners 2020

Top five countries to which Norway exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Norway exports to United Kingdom worth US$ 14,324 million, with a partner share of 17.31 percent.
  2. Norway exports to Germany worth US$ 9,971 million, with a partner share of 12.05 percent.
  3. Norway exports to Netherlands worth US$ 8,151 million, with a partner share of 9.85 percent.
  4. Norway exports to Sweden worth US$ 8,064 million, with a partner share of 9.75 percent.
  5. Norway exports to China worth US$ 6,335 million, with a partner share of 7.66 percent.

Top five countries from which Norway imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Norway imports from China worth US$ 9,740 million, with a partner share of 11.93 percent.
  2. Norway imports from Germany worth US$ 9,261 million, with a partner share of 11.35 percent.
  3. Norway imports from Sweden worth US$ 8,646 million, with a partner share of 10.59 percent.
  4. Norway imports from United States worth US$ 5,521 million, with a partner share of 6.76 percent.
  5. Norway imports from United Kingdom worth US$ 4,433 million, with a partner share of 5.43 percent.

Norway Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Norway along with trade value are:

  1. Norway exported Petroleum oils and oils obtained from bituminou , worth US$ 22,558,847.31 million.
  2. Norway exported Natural gas in gaseous state , worth US$ 12,093,117.71 million.
  3. Norway exported Fresh or chilled Pacific, Atlantic and Danube s , worth US$ 5,605,462.96 million.
  4. Norway exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 3,728,806.34 million.
  5. Norway exported Aluminium unwrought, alloyed , worth US$ 2,243,549.80 million.

The top five imported HS 6 digit level products from world by Norway along with trade value are

  1. Norway imported Automobiles nes including gas turbine powered , worth US$ 4,474,955.56 million.
  2. Norway imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,964,438.63 million.
  3. Norway imported Nickel mattes , worth US$ 1,918,787.42 million.
  4. Norway imported Transmission apparatus, for radioteleph incorpo , worth US$ 1,731,076.38 million.
  5. Norway imported Other medicaments of mixed or unmixed products, , worth US$ 1,473,236.35 million.

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Norway in 2020 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 3.27 percent.
  • The trade weighted average tariff was 2.80 .
  • The total duty free imports in thousands of US dollars were 64,151,318.31 and duty free tariff line items share was 89.51 percent.

Development Indicators 2020

Key Development Indicators of Norway in 2020 are below

  • Norway GDP in current US dollar was 362,009 million.
  • GNI per capita, Atlas method (current US$) was 78,250.00 .
  • Norway Trade balance: as % of GDP was -0.59.
  • Trade balance in current US$ was -2,134.00 million.
  • Trade as percentage of GDP was 65.30 .
  • Trade in services as percentage of GDP was 19.85 .

Trade Indicators 2020

Trade Indicators for Norway in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 8.71.
  • World Growth in percentage was -3.91 and Norway Country Growth was -10.04 .