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Trade between Norway and Spain

In 2024, Norway exported $1.6 billion to Spain and imported $2.3 billion. Norway ran a deficit of $707 million with Spain, compared with a surplus of $874 million in 2019. Spain was Norway’s 13th largest trading partner (1% of its trade), and Norway was Spain’s 34th (0.5%).

Summary

Norway → Spain
$1.6billion
Spain → Norway
$2.3billion
Norway’s balance
-$707million

Balance

Norway’s trade balance with Spain

Trade between Norway and Spain grew 2.9-fold since 1995

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

  • Exports 1.6
  • Imports 2.3
  • Balance -0.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$709 million$646 million$64 million
1996$979 million$497 million$483 million
1997$833 million$627 million$206 million
1998$982 million$750 million$232 million
1999$982 million$798 million$184 million
2000$954 million$810 million$143 million
2001$942 million$551 million$391 million
2002$925 million$595 million$330 million
2003$1.7 billion$660 million$1 billion
2004$2.2 billion$1.1 billion$1.1 billion
2005$2.7 billion$2 billion$621 million
2006$2.8 billion$1.5 billion$1.2 billion
2007$2.9 billion$1.8 billion$1.1 billion
2008$2.8 billion$1.2 billion$1.6 billion
2009$2.6 billion$941 million$1.7 billion
2010$2.5 billion$1.2 billion$1.3 billion
2011$2.4 billion$1.8 billion$566 million
2012$2.5 billion$1.3 billion$1.2 billion
2013$2.8 billion$1.5 billion$1.3 billion
2014$3.2 billion$1.8 billion$1.4 billion
2015$2 billion$1.4 billion$650 million
2016$1.8 billion$1.6 billion$172 million
2017$2.8 billion$1.7 billion$1 billion
2018$2.5 billion$1.8 billion$683 million
2019$2.6 billion$1.7 billion$874 million
2020$1.6 billion$1.9 billion-$364 million
2021$1.6 billion$2.2 billion-$604 million
2022$1.9 billion$2.1 billion-$148 million
2023$1.8 billion$2 billion-$285 million
2024$1.6 billion$2.3 billion-$707 million

What they sell each other

What Norway sells to Spain

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

  1. Crude petroleum$597 million · 36.6%
    916 thousand tonnes · Norway’s destinations
  2. Fresh fish$205 million · 12.6%
    39 thousand tonnes
  3. Natural gas and LPG$120 million · 7.3%
    280 thousand tonnes
  4. Ferroalloys$75 million · 4.6%
    53 thousand tonnes
  5. Mixed fertilizers$54 million · 3.3%
    132 thousand tonnes
  6. Unwrought aluminum$46 million · 2.9%
    47 thousand tonnes · Norway’s destinations
  7. Fish fillets$38 million · 2.3%
    5 thousand tonnes
  8. Medicines in measured doses or retail packs$34 million · 2.1%
    367 tonnes · Spain’s sources
  9. Unwrought nickel$27 million · 1.6%
    2 thousand tonnes
  10. Navigation instruments$25 million · 1.5%
    84 tonnes

What Spain sells to Norway

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

  1. Airplanes and helicopters$256 million · 11%
    380 tonnes · Spain’s destinations
  2. Aluminum oxide and hydroxide$184 million · 7.9%
    397 thousand tonnes
  3. Trucks$171 million · 7.3%
    9 thousand tonnes · Spain’s destinations
  4. Self-propelled trains and trams$129 million · 5.5%
    1 thousand tonnes
  5. Medicines in measured doses or retail packs$89 million · 3.8%
    1 thousand tonnes · Spain’s destinations
  6. Citrus fruit$70 million · 3%
    45 thousand tonnes · Spain’s destinations
  7. Cars$67 million · 2.8%
    4 thousand tonnes · Spain’s destinations
  8. Cables and wire$46 million · 2%
    6 thousand tonnes · Spain’s destinations
  9. Seamless steel pipes$43 million · 1.9%
    3 thousand tonnes
  10. Other fresh vegetables$41 million · 1.8%
    14 thousand tonnes

How it travels

Estimated sea route from Oslo to Valencia.

The estimated sea route between Oslo and Valencia is 2,326 nautical miles (4,308 km) long: ≈ 5.5–7 days at sea (at 18 and 14 knots).

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

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$3.1 billion · 78.8%
  2. Air$842 million · 21.2%

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

How much each matters to the other

Spain was Norway’s 13th largest trading partner (1% of its trade), and Norway was Spain’s 34th (0.5%).

Spain in Norway’s trade
1.5%
Spain’s rank among Norway’s partners
13th
Norway in Spain’s trade
0.5%
Norway’s rank among Spain’s partners
34th

Compare with

Other partners of Norway

Other partners of Spain

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.