globaltraffic.earth

Trade between Norway and Singapore

In 2024, Norway exported $572 million to Singapore and imported $943 million. Norway ran a deficit of $371 million with Singapore, compared with a surplus of $326 million in 2019. Singapore was Norway’s 25th largest trading partner (0.6% of its trade), and Norway was Singapore’s 42nd (0.2%).

Summary

Norway → Singapore
$572million
Singapore → Norway
$943million
Norway’s balance
-$371million

Balance

Norway’s trade balance with Singapore

Trade between Norway and Singapore grew 3-fold since 1995

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

  • Exports 0.6
  • Imports 0.9
  • Balance -0.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$356 million$145 million$211 million
1996$187 million$578 million-$391 million
1997$233 million$156 million$78 million
1998$223 million$498 million-$275 million
1999$197 million$158 million$40 million
2000$250 million$85 million$165 million
2001$327 million$208 million$119 million
2002$341 million$130 million$211 million
2003$731 million$101 million$630 million
2004$405 million$145 million$260 million
2005$732 million$197 million$535 million
2006$711 million$236 million$476 million
2007$942 million$158 million$783 million
2008$857 million$384 million$473 million
2009$1.1 billion$261 million$793 million
2010$1.2 billion$452 million$726 million
2011$999 million$1.3 billion-$311 million
2012$1 billion$438 million$579 million
2013$1.3 billion$1.3 billion-$3 million
2014$1.4 billion$585 million$865 million
2015$1.3 billion$469 million$798 million
2016$890 million$339 million$551 million
2017$1.1 billion$389 million$754 million
2018$644 million$412 million$232 million
2019$696 million$369 million$326 million
2020$574 million$508 million$66 million
2021$516 million$549 million-$33 million
2022$511 million$1.1 billion-$635 million
2023$448 million$975 million-$527 million
2024$572 million$943 million-$371 million

What they sell each other

What Norway sells to Singapore

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

  1. Fresh fish$67 million · 11.8%
    7 thousand tonnes
  2. Refined petroleum$52 million · 9%
    60 thousand tonnes · Norway’s destinations
  3. Computers$44 million · 7.6%
    102 tonnes · Singapore’s sources
  4. Liquid pumps$31 million · 5.4%
    513 tonnes
  5. Parts for cranes and excavators$23 million · 4.1%
    216 tonnes
  6. Air pumps, compressors and fans$23 million · 3.9%
    439 tonnes
  7. Turbojets and gas turbines$22 million · 3.9%
    26 tonnes · Singapore’s sources
  8. Surveying instruments$20 million · 3.5%
    149 tonnes
  9. Crude petroleum$19 million · 3.4%
    33 thousand tonnes · Norway’s destinations
  10. Other industrial machines$15 million · 2.6%
    103 tonnes

What Singapore sells to Norway

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

  1. Dredgers and floating cranes$332 million · 35.2%
    25 thousand tonnes
  2. Cargo and cruise ships$221 million · 23.4%
    435 tonnes · Singapore’s destinations
  3. Nucleic acids and other heterocycles$60 million · 6.4%
    3 tonnes
  4. Parts for cranes and excavators$37 million · 3.9%
    252 tonnes
  5. Other industrial machines$36 million · 3.8%
    303 tonnes
  6. Nickel matte$24 million · 2.5%
    2 thousand tonnes
  7. Valves and taps$23 million · 2.5%
    371 tonnes
  8. Turbojets and gas turbines$23 million · 2.5%
    5 tonnes · Singapore’s destinations
  9. Orthopedic and hearing devices$21 million · 2.3%
    14 tonnes
  10. Surveying instruments$17 million · 1.8%
    58 tonnes

How it travels

Estimated sea route from Oslo to Singapore.

The estimated sea route between Oslo and Singapore is 12,504 nautical miles (23,157 km) long: ≈ 29–37 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (12,504 nautical miles); and 15% via the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (9,052 nautical miles).

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$670 million · 44.2%
  2. Air$846 million · 55.8%

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

How much each matters to the other

Singapore was Norway’s 25th largest trading partner (0.6% of its trade), and Norway was Singapore’s 42nd (0.2%).

Singapore in Norway’s trade
0.6%
Singapore’s rank among Norway’s partners
25th
Norway in Singapore’s trade
0.2%
Norway’s rank among Singapore’s partners
42nd

Compare with

Other partners of Norway

Other partners of Singapore

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.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.