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Norway trade in 2024

In 2024, Norway exported $171.5 billion and imported $100.8 billion, a trade surplus of $70.6 billion. It was the world's 33rd-largest exporter, with 0.75% of world exports. Its top export was natural gas and LPG (31.6% of the total) and its main trading partner was Germany (14.7% of its trade).

Summary

Exports
$171.5billion
Imports
$100.8billion
Trade balance
+$70.6billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Natural gas and LPG (31.6%) and crude petroleum (29%) together make up 60.7% of its exports.

  1. Natural gas and LPG$54.2 billion · 31.6%
    Main partner: Germany
  2. Crude petroleum$49.8 billion · 29%
    Main partner: United Kingdom
  3. Fresh fish$8.3 billion · 4.8%
    Main partner: Poland
  4. Refined petroleum$5.5 billion · 3.2%
    Main partner: United States
  5. Fish fillets$4.9 billion · 2.9%
    Main partner: Sweden
  6. Unwrought aluminum$4.1 billion · 2.4%
    Main partner: Netherlands
  7. Electricity$2.4 billion · 1.4%
    Main partner: United Kingdom
  8. Frozen fish$1.9 billion · 1.1%
    Main partner: China
  9. Unwrought nickel$1.6 billion · 0.91%
    Main partner: Germany
  10. Dredgers and floating cranes$1.4 billion · 0.83%
    Main partner: United Kingdom

What it imports

Cars (5.5%) and refined petroleum (4.6%) together make up 10.2% of its imports.

  1. Cars$5.6 billion · 5.5%
    Main partner: Germany
  2. Refined petroleum$4.7 billion · 4.6%
    Main partner: Sweden
  3. Computers$3.4 billion · 3.4%
    Main partner: China
  4. Cargo and cruise ships$3 billion · 2.9%
    Main partner: Belgium
  5. Nickel matte$2 billion · 2%
    Main partner: Canada
  6. Medicines in measured doses or retail packs$2 billion · 2%
    Main partner: United Kingdom
  7. Cameras and broadcast equipment$2 billion · 2%
    Main partner: China
  8. Trucks$1.7 billion · 1.7%
    Main partner: Sweden
  9. Turbojets and gas turbines$1.4 billion · 1.4%
    Main partner: United States
  10. Steel structures$1.2 billion · 1.2%
    Main partner: Poland
By Harmonized System chapter (96)
ChapterExportsImports
27 · Oil, gas and coal$112.1 billion$7 billion
03 · Fish and seafood$16.4 billion$575 million
76 · Aluminum$5.5 billion$1.5 billion
84 · Mechanical machinery$4.8 billion$15.3 billion
85 · Electrical and electronic equipment$3 billion$9.4 billion
89 · Ships and boats$3 billion$4.2 billion
72 · Iron and steel$2 billion$917 million
90 · Precision and medical instruments$1.9 billion$3.2 billion
39 · Plastics$1.7 billion$2.9 billion
75 · Nickel$1.6 billion$2.1 billion
31 · Fertilizers$1.6 billion$290 million
29 · Organic chemicals$1.5 billion$1.1 billion
87 · Vehicles$1.3 billion$9.8 billion
28 · Inorganic chemicals$1.2 billion$2.3 billion
30 · Pharmaceuticals$1.1 billion$2.8 billion
44 · Wood$1.1 billion$1.3 billion
73 · Iron and steel products$1 billion$4.6 billion
25 · Salt, stone and cement$937 million$576 million
71 · Gems and precious metals$700 million$432 million
23 · Animal feed and food waste$666 million$1.7 billion
48 · Paper and paperboard$665 million$1.1 billion
38 · Miscellaneous chemicals$650 million$988 million
79 · Zinc$587 million$17 million
26 · Ores and slag$570 million$842 million
15 · Fats and oils$561 million$1.9 billion
93 · Weapons and ammunition$505 million$312 million
94 · Furniture and lighting$461 million$2.6 billion
88 · Aircraft and spacecraft$433 million$1.6 billion
47 · Wood pulp$428 million$73 million
74 · Copper$391 million$583 million
16 · Prepared meat and fish$290 million$197 million
21 · Food preparations$265 million$564 million
32 · Dyes, paints and tanning agents$244 million$447 million
34 · Soap and cleaning products$183 million$481 million
22 · Beverages and spirits$158 million$966 million
68 · Stone, plaster and cement articles$138 million$401 million
81 · Other base metals$136 million$131 million
70 · Glass$103 million$422 million
86 · Railway equipment$101 million$413 million
40 · Rubber$95 million$818 million
82 · Tools and cutlery$90 million$413 million
05 · Other animal products$87 million$71 million
19 · Baked goods and cereal products$86 million$740 million
61 · Knitted clothing$69 million$1.2 billion
36 · Explosives and matches$66 million$112 million
18 · Cocoa and chocolate$66 million$400 million
63 · Home textiles and used clothing$61 million$411 million
49 · Books and printed matter$60 million$277 million
51 · Wool$57 million$92 million
62 · Woven clothing$55 million$1.3 billion
04 · Dairy, eggs and honey$52 million$230 million
83 · Miscellaneous metal goods$49 million$357 million
33 · Perfumes and cosmetics$48 million$935 million
35 · Glues, starches and enzymes$46 million$88 million
95 · Toys and sports gear$43 million$678 million
97 · Art and antiques$43 million$146 million
64 · Footwear$35 million$714 million
02 · Meat and offal$34 million$112 million
56 · Felt, nonwovens and rope$33 million$214 million
41 · Hides and leather$32 million$20 million
20 · Preserved fruit and vegetables$27 million$332 million
59 · Coated and technical textiles$21 million$63 million
69 · Ceramics$17 million$261 million
42 · Leather goods and bags$15 million$372 million
60 · Knitted fabric$12 million$16 million
01 · Live animals$11 million$18 million
96 · Other manufactured goods$9 million$154 million
91 · Watches and clocks$8 million$130 million
52 · Cotton$7 million$18 million
09 · Coffee, tea and spices$6 million$291 million
06 · Live plants and flowers$5 million$227 million
17 · Sugar and sweets$5 million$280 million
78 · Lead$4 million$49 million
65 · Hats$4 million$111 million
13 · Gums and plant extracts$4 million$19 million
24 · Tobacco$4 million$502 million
08 · Fruit and nuts$4 million$906 million
54 · Synthetic filaments$3 million$39 million
43 · Fur and fur goods$2 million$9 million
11 · Milling products and malt$2 million$418 million
92 · Musical instruments$2 million$46 million
55 · Synthetic staple fibers$2 million$21 million
57 · Carpets and rugs$2 million$108 million
12 · Oilseeds and grains$1 million$287 million
58 · Special fabrics and lace$1 million$16 million
07 · Vegetables$1 million$498 million
80 · Tin$875 thousand$2 million
67 · Feathers and artificial flowers$758 thousand$28 million
37 · Photographic goods$636 thousand$19 million
50 · Silk$606 thousand$1 million
10 · Cereals$541 thousand$235 million
53 · Other plant fibers$467 thousand$5 million
45 · Cork$223 thousand$4 million
14 · Other plant products$161 thousand$3 million
46 · Wicker and basketware$146 thousand$12 million
66 · Umbrellas and canes$129 thousand$11 million

Trading partners

Its main destination is the United Kingdom (17.6% of exports) and its main source is China (11.8% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
United Kingdom30.117.6%Sea
Germany29.617.3%Sea
Netherlands14.58.4%Sea
Sweden14.18.2%Land
France10.96.4%Sea
Poland8.34.8%Sea
Belgium7.74.5%Sea
United States6.13.6%Sea
Denmark6.13.6%Sea
Finland5.83.4%Land

Who it buys from

PartnerValue (USD billions)ShareMode
China11.911.8%Sea
Sweden11.111%Land
Germany10.310.3%Sea
United States7.47.3%Air
Netherlands4.94.9%Sea
United Kingdom4.64.6%Sea
Denmark4.54.5%Sea
Poland3.53.5%Sea
Belgium3.43.4%Sea
Italy32.9%Sea

Overview 1995–2024

In 2024, Norway accounted for 0.75% of world exports, compared with 0.87% in 1995.

Exports and imports

Exports quadrupled since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 171
  • Imports 101
  • Balance +70.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$44.3 billion$33.4 billion$11 billion
1996$50.3 billion$35.1 billion$15.2 billion
1997$51.4 billion$37.1 billion$14.3 billion
1998$43.4 billion$39 billion$4.4 billion
1999$46.4 billion$35.7 billion$10.7 billion
2000$62.2 billion$35.6 billion$26.7 billion
2001$59.3 billion$34.3 billion$25 billion
2002$60.9 billion$36.4 billion$24.6 billion
2003$72.2 billion$42.5 billion$29.7 billion
2004$89.4 billion$51 billion$38.4 billion
2005$110 billion$57.9 billion$52 billion
2006$129.3 billion$66.3 billion$62.9 billion
2007$135.3 billion$81.2 billion$54.2 billion
2008$167.7 billion$92.2 billion$75.5 billion
2009$122.3 billion$70.6 billion$51.7 billion
2010$134.4 billion$79.7 billion$54.7 billion
2011$159.5 billion$94.5 billion$64.9 billion
2012$158.4 billion$90.1 billion$68.3 billion
2013$147 billion$92.6 billion$54.3 billion
2014$148.4 billion$91.6 billion$56.7 billion
2015$111.4 billion$82.4 billion$29 billion
2016$95.4 billion$75.7 billion$19.7 billion
2017$112.4 billion$86.3 billion$26.2 billion
2018$130.1 billion$91.1 billion$39.1 billion
2019$111.9 billion$89.7 billion$22.2 billion
2020$89.2 billion$84.2 billion$5 billion
2021$168.2 billion$100.2 billion$68 billion
2022$274.3 billion$105.9 billion$168.4 billion
2023$181.4 billion$98.2 billion$83.2 billion
2024$171.5 billion$100.8 billion$70.6 billion

World rank

Norway fell from 27th to 33rd among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 27th in 1995
  • 33rd in 2024

Source: CEPII BACI

Show the numbers
YearRank
199527th
199627th
199727th
199829th
199928th
200026th
200128th
200228th
200328th
200428th
200528th
200627th
200728th
200827th
200929th
201029th
201129th
201229th
201333rd
201432nd
201534th
201636th
201735th
201833rd
201935th
202037th
202133rd
202229th
202333rd
202433rd

What it sells

Its top export group is still oil, gas and coal: 65% in 2024

% of exports by Harmonized System chapter.

  • Other 13%
  • Precision and medical instruments 1%
  • Iron and steel 1%
  • Ships and boats 2%
  • Electrical and electronic equipment 2%
  • Mechanical machinery 3%
  • Aluminum 3%
  • Fish and seafood 10%
  • Oil, gas and coal 65%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oil, gas and coal46.5%65.4%
Fish and seafood7.1%9.5%
Aluminum4.9%3.2%
Mechanical machinery5.4%2.8%
Electrical and electronic equipment3.1%1.8%
Ships and boats3.3%1.7%
Iron and steel3%1.2%
Precision and medical instruments1.2%1.1%
Other25.5%13.2%

Who it trades with

China went from 1% to 6% of Norway's trade

% of total trade (exports + imports) with each partner.

  • Germany 15%
  • United Kingdom 13%
  • Sweden 9%
  • Netherlands 7%
  • China 6%

Source: CEPII BACI

Show the numbers
Partner19952024
Germany15%14.7%
United Kingdom13.1%12.8%
Sweden12.5%9.2%
Netherlands6.3%7.1%
China1.2%6%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Northern North Sea basinOil and gas · 15.6 Mt CO₂e
  • Voring basinOil and gas · 6.6 Mt CO₂e
  • Central Graben basinOil and gas · 1.2 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Oslo$198.3 billion (PPP, 2021 dollars)
  • Stavanger$48 billion (PPP, 2021 dollars)
  • Bergen$46.6 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

Main partners

See all countries