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Trade between Finland and Norway

In 2024, Finland exported $2.4 billion to Norway and imported $5.8 billion. Finland ran a deficit of $3.4 billion with Norway, compared with a surplus of $273 million in 2019. Norway was Finland’s 6th largest trading partner (5% of its trade), and Finland was Norway’s 11th (3%).

Summary

Finland → Norway
$2.4billion
Norway → Finland
$5.8billion
Finland’s balance
-$3.4billion

Balance

Finland’s trade balance with Norway

Trade between Finland and Norway grew 3.2-fold since 1995

USD billions (current). Finland’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.4
  • Imports 5.8
  • Balance -3.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.3 billion$1.3 billion$8 million
1996$1.2 billion$1.2 billion$895 thousand
1997$1.2 billion$1.2 billion$72 million
1998$1.4 billion$1.1 billion$250 million
1999$1.2 billion$1.1 billion$71 million
2000$1.2 billion$1.3 billion-$81 million
2001$1.2 billion$1.1 billion$85 million
2002$1.2 billion$1.1 billion$67 million
2003$1.3 billion$1.1 billion$163 million
2004$1.9 billion$1.2 billion$699 million
2005$1.7 billion$1.3 billion$417 million
2006$2.1 billion$2.1 billion-$66 million
2007$2.9 billion$1.7 billion$1.2 billion
2008$3.3 billion$2.4 billion$916 million
2009$2 billion$1.4 billion$603 million
2010$2 billion$1.5 billion$421 million
2011$2.3 billion$2.4 billion-$177 million
2012$2.4 billion$2.7 billion-$304 million
2013$2.3 billion$1.6 billion$666 million
2014$2 billion$2.2 billion-$166 million
2015$1.7 billion$1.1 billion$563 million
2016$1.7 billion$1.2 billion$489 million
2017$1.8 billion$1.7 billion$114 million
2018$2 billion$2.2 billion-$232 million
2019$1.9 billion$1.6 billion$273 million
2020$1.8 billion$1.7 billion$86 million
2021$2 billion$2 billion$49 million
2022$2.3 billion$6.7 billion-$4.4 billion
2023$2.4 billion$6.4 billion-$4 billion
2024$2.4 billion$5.8 billion-$3.4 billion

What they sell each other

What Finland sells to Norway

The top 10 headings in 2024, with their share of the total.

  1. Nickel matte$361 million · 15.1%
    36 thousand tonnes
  2. Transformers and power supplies$123 million · 5.2%
    3 thousand tonnes
  3. New tires$98 million · 4.1%
    11 thousand tonnes
  4. Welded steel pipes$63 million · 2.6%
    28 thousand tonnes
  5. Precious metal scrap$58 million · 2.4%
    8 tonnes
  6. Trucks$58 million · 2.4%
    4 thousand tonnes · Norway’s sources
  7. Steel structures$51 million · 2.1%
    14 thousand tonnes
  8. Poultry, beekeeping and forestry machinery$43 million · 1.8%
    3 thousand tonnes
  9. Trailers$37 million · 1.5%
    3 thousand tonnes
  10. Cars$34 million · 1.4%
    788 tonnes · Finland’s destinations

What Norway sells to Finland

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$4.1 billion · 70.2%
    6.7 million tonnes · Norway’s destinations
  2. Natural gas and LPG$584 million · 10.1%
    1.1 million tonnes
  3. Fresh fish$310 million · 5.4%
    40 thousand tonnes
  4. Ferroalloys$66 million · 1.1%
    45 thousand tonnes
  5. Unwrought aluminum$51 million · 0.88%
    19 thousand tonnes · Norway’s destinations
  6. Caustic soda and potash$49 million · 0.85%
  7. Steel bars$42 million · 0.72%
    64 thousand tonnes
  8. Gravel and crushed stone$41 million · 0.72%
    455 thousand tonnes
  9. Aluminum wire$28 million · 0.49%
    9 thousand tonnes
  10. Steel wire rod$27 million · 0.47%
    41 thousand tonnes

How it travels

Finland and Norway traded $8.2 billion in 2024 (both directions together). They trade mostly over land: 95% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Sea$448 million · 5.5%
  2. Land$7.7 billion · 94.5%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Norway was Finland’s 6th largest trading partner (5% of its trade), and Finland was Norway’s 11th (3%).

Norway in Finland’s trade
5.3%
Norway’s rank among Finland’s partners
6th
Finland in Norway’s trade
3%
Finland’s rank among Norway’s partners
11th

Compare with

Other partners of Finland

Other partners of Norway

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. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.