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Trade between Greece and Norway

In 2024, Greece exported $190 million to Norway and imported $1.2 billion. Greece ran a deficit of $962 million with Norway, compared with a deficit of $163 million in 2019. Norway was Greece’s 28th largest trading partner (0.9% of its trade), and Greece was Norway’s 27th (0.5%).

Summary

Greece → Norway
$190million
Norway → Greece
$1.2billion
Greece’s balance
-$962million

Balance

Greece’s trade balance with Norway

Trade between Greece and Norway grew 5.9-fold since 1995

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

  • Exports 0.2
  • Imports 1.2
  • Balance -1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$49 million$181 million-$132 million
1996$45 million$89 million-$44 million
1997$45 million$187 million-$142 million
1998$53 million$219 million-$166 million
1999$64 million$76 million-$12 million
2000$80 million$209 million-$129 million
2001$54 million$169 million-$114 million
2002$59 million$141 million-$83 million
2003$68 million$165 million-$97 million
2004$93 million$132 million-$39 million
2005$91 million$215 million-$124 million
2006$81 million$178 million-$98 million
2007$163 million$213 million-$50 million
2008$66 million$612 million-$546 million
2009$70 million$267 million-$197 million
2010$54 million$308 million-$253 million
2011$65 million$249 million-$184 million
2012$55 million$434 million-$380 million
2013$68 million$287 million-$219 million
2014$73 million$213 million-$141 million
2015$80 million$179 million-$99 million
2016$73 million$112 million-$39 million
2017$88 million$142 million-$53 million
2018$102 million$133 million-$31 million
2019$110 million$273 million-$163 million
2020$94 million$225 million-$131 million
2021$119 million$713 million-$594 million
2022$130 million$535 million-$405 million
2023$184 million$596 million-$411 million
2024$190 million$1.2 billion-$962 million

What they sell each other

What Greece sells to Norway

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

  1. Welded steel pipes$39 million · 20.5%
    17 thousand tonnes
  2. 48 tonnes · Greece’s destinations
  3. 145 tonnes
  4. Yogurt and fermented milk$11 million · 5.6%
    3 thousand tonnes
  5. Large-diameter steel pipes$7 million · 3.8%
    3 thousand tonnes
  6. Olive oil$6 million · 3.1%
    466 tonnes
  7. Canned vegetables$5 million · 2.5%
    1 thousand tonnes
  8. Makeup and skin care$4 million · 2.3%
    175 tonnes
  9. Nonwoven fabric$4 million · 2.2%
    1 thousand tonnes
  10. Tomato preserves$4 million · 2.1%
    3 thousand tonnes

What Norway sells to Greece

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

  1. Crude petroleum$827 million · 71.7%
    1.4 million tonnes · Norway’s destinations
  2. Natural gas and LPG$73 million · 6.4%
    119 thousand tonnes
  3. Fresh fish$50 million · 4.3%
    6 thousand tonnes
  4. Unwrought aluminum$49 million · 4.2%
    16 thousand tonnes · Norway’s destinations
  5. Mixed fertilizers$36 million · 3.2%
    77 thousand tonnes
  6. Fish oil and marine fats$15 million · 1.3%
    7 thousand tonnes
  7. 2 thousand tonnes
  8. Refined copper$12 million · 1%
    1 thousand tonnes
  9. Imides and imines (saccharin)$10 million · 0.89%
    912 tonnes
  10. Pesticides and herbicides$5 million · 0.42%
    979 tonnes

How it travels

Estimated sea route from Piraeus to Oslo.

The estimated sea route between Piraeus and Oslo is 3,458 nautical miles (6,404 km) long: ≈ 8–10.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar and Strait of Dover.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.3 billion · 93.8%
  2. Air$84 million · 6.2%

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

How much each matters to the other

Norway was Greece’s 28th largest trading partner (0.9% of its trade), and Greece was Norway’s 27th (0.5%).

Norway in Greece’s trade
0.9%
Norway’s rank among Greece’s partners
28th
Greece in Norway’s trade
0.5%
Greece’s rank among Norway’s partners
27th

Compare with

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.