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Trade between Norway and the United Kingdom

In 2024, Norway exported $30.1 billion to the United Kingdom and imported $4.6 billion. Norway ran a surplus of $25.5 billion with the United Kingdom, compared with a surplus of $15.7 billion in 2019. The United Kingdom was Norway’s 2nd largest trading partner (13% of its trade), and Norway was the United Kingdom’s 9th (3%).

Summary

Norway → United Kingdom
$30.1billion
United Kingdom → Norway
$4.6billion
Norway’s balance
$25.5billion

Balance

Norway’s trade balance with the United Kingdom

Trade between Norway and the United Kingdom grew 3.4-fold since 1995

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

  • Exports 30.1
  • Imports 4.6
  • Balance +25.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$7 billion$3.2 billion$3.8 billion
1996$8.1 billion$3.2 billion$4.9 billion
1997$8.1 billion$3.4 billion$4.7 billion
1998$6 billion$3.7 billion$2.3 billion
1999$6.5 billion$3.2 billion$3.3 billion
2000$9.3 billion$2.9 billion$6.4 billion
2001$8.8 billion$2.6 billion$6.2 billion
2002$8.6 billion$2.5 billion$6.1 billion
2003$11.9 billion$3 billion$8.9 billion
2004$16.9 billion$3.5 billion$13.4 billion
2005$22.6 billion$4.2 billion$18.5 billion
2006$27.9 billion$4.3 billion$23.6 billion
2007$30.7 billion$5.5 billion$25.1 billion
2008$41.9 billion$5.4 billion$36.5 billion
2009$23.9 billion$4 billion$19.8 billion
2010$30.6 billion$4.5 billion$26.1 billion
2011$38.1 billion$4.9 billion$33.2 billion
2012$33.1 billion$5.2 billion$28 billion
2013$26.3 billion$5.6 billion$20.7 billion
2014$28.2 billion$5.7 billion$22.5 billion
2015$19 billion$5 billion$14 billion
2016$17.6 billion$4.3 billion$13.3 billion
2017$23.1 billion$4.1 billion$19 billion
2018$25.6 billion$4.7 billion$20.9 billion
2019$20.1 billion$4.4 billion$15.7 billion
2020$13.7 billion$5.3 billion$8.5 billion
2021$36.2 billion$4.5 billion$31.7 billion
2022$54.6 billion$4.5 billion$50.1 billion
2023$32.6 billion$4.3 billion$28.3 billion
2024$30.1 billion$4.6 billion$25.5 billion

What they sell each other

What Norway sells to the United Kingdom

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

  1. Natural gas and LPG$12.8 billion · 42.6%
    24.7 million tonnes
  2. Crude petroleum$11.7 billion · 38.8%
    20.7 million tonnes · Norway’s destinations
  3. Electricity$852 million · 2.8%
    Norway’s destinations
  4. Dredgers and floating cranes$783 million · 2.6%
    33 thousand tonnes
  5. Refined petroleum$607 million · 2%
    759 thousand tonnes · Norway’s destinations
  6. Fresh fish$504 million · 1.7%
    62 thousand tonnes
  7. Platinum$182 million · 0.6%
    6 tonnes · the United Kingdom’s sources
  8. Fish fillets$157 million · 0.52%
    12 thousand tonnes
  9. Unwrought zinc$133 million · 0.44%
    43 thousand tonnes
  10. Halogenated hydrocarbons$110 million · 0.37%
    151 thousand tonnes

What the United Kingdom sells to Norway

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

  1. Refined petroleum$313 million · 6.8%
    430 thousand tonnes · the United Kingdom’s destinations
  2. 342 tonnes · the United Kingdom’s destinations
  3. Pet and animal feed$229 million · 4.9%
    99 thousand tonnes
  4. Turbojets and gas turbines$187 million · 4%
    107 tonnes · the United Kingdom’s destinations
  5. Fresh fish$181 million · 3.9%
    106 thousand tonnes
  6. Valves and taps$175 million · 3.8%
    1 thousand tonnes
  7. 5 thousand tonnes
  8. Other industrial machines$112 million · 2.4%
    3 thousand tonnes
  9. Aircraft parts$98 million · 2.1%
    93 tonnes
  10. Iron or steel pipe fittings$75 million · 1.6%
    1 thousand tonnes

How it travels

Estimated sea route from Oslo to Felixstowe.

The estimated sea route between Oslo and Felixstowe is 600 nautical miles (1,112 km) long: ≈ 1.5–2 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

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$32 billion · 92%
  2. Air$2.8 billion · 8%

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

How much each matters to the other

The United Kingdom was Norway’s 2nd largest trading partner (13% of its trade), and Norway was the United Kingdom’s 9th (3%).

The United Kingdom in Norway’s trade
12.8%
The United Kingdom’s rank among Norway’s partners
2nd
Norway in the United Kingdom’s trade
3.1%
Norway’s rank among the United Kingdom’s partners
9th

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.