Norway

Compare Norway →

NO · NOR · BACI 579 · latest data 2024

Exports

$171.5B USD, nominal · 2024

= $171,458 M55.0% over 5 yrs (up)

Imports

$100.8B USD, nominal · 2024

= $100,823 M12.6% over 5 yrs (up)

Trade balancesurplus

$70.6B USD, nominal · 2024

= $70,635 M

Total trade

$272.3B USD, nominal · 2024

= $272,281 M36.1% over 5 yrs (up)

World position: #32 of 225 exporters · top 25% · #39 of 225 importers · top 25% · 2024
World export share since 1995: −0.1 pp

Trade timeline

Norway's exports grew from $44.4B in 1995 to $171.5B in 2024; the 2024 balance was $70.6B.

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Exports, imports, trade balance and total trade of Norway per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$44,448 M	$33,310 M	$11,138 M	$77,758 M
1996	$50,362 M	$35,073 M	$15,289 M	$85,435 M
1997	$51,442 M	$37,083 M	$14,359 M	$88,525 M
1998	$43,355 M	$38,982 M	$4,373 M	$82,336 M
1999	$46,362 M	$35,624 M	$10,738 M	$81,987 M
2000	$61,573 M	$35,530 M	$26,043 M	$97,103 M
2001	$59,104 M	$34,228 M	$24,876 M	$93,331 M
2002	$60,697 M	$36,274 M	$24,423 M	$96,972 M
2003	$72,118 M	$42,434 M	$29,685 M	$114,552 M
2004	$89,369 M	$50,770 M	$38,599 M	$140,139 M
2005	$109,185 M	$57,883 M	$51,302 M	$167,068 M
2006	$129,517 M	$66,221 M	$63,296 M	$195,738 M
2007	$134,898 M	$81,148 M	$53,751 M	$216,046 M
2008	$167,562 M	$92,015 M	$75,547 M	$259,577 M
2009	$122,462 M	$70,557 M	$51,905 M	$193,019 M
2010	$134,152 M	$79,401 M	$54,751 M	$213,553 M
2011	$159,929 M	$94,375 M	$65,554 M	$254,305 M
2012	$158,443 M	$89,735 M	$68,709 M	$248,178 M
2013	$147,965 M	$92,475 M	$55,490 M	$240,440 M
2014	$147,942 M	$91,359 M	$56,583 M	$239,301 M
2015	$110,513 M	$82,236 M	$28,277 M	$192,749 M
2016	$95,018 M	$75,519 M	$19,499 M	$170,537 M
2017	$112,543 M	$85,962 M	$26,581 M	$198,505 M
2018	$129,938 M	$90,754 M	$39,184 M	$220,693 M
2019	$110,609 M	$89,503 M	$21,106 M	$200,112 M
2020	$88,335 M	$83,877 M	$4,458 M	$172,212 M
2021	$166,832 M	$100,044 M	$66,788 M	$266,876 M
2022	$277,191 M	$108,027 M	$169,164 M	$385,218 M
2023	$186,727 M	$97,638 M	$89,089 M	$284,365 M
2024	$171,458 M	$100,823 M	$70,635 M	$272,281 M

30 rows

World share & rank

World export share moved from 0.9% in 1995 to 0.8% in 2024; export rank #26 → #32.

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World export and import share in percent, and world ranks, of Norway per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.88%	0.66%	#26	#30
1996	0.94%	0.65%	#26	#33
1997	0.92%	0.66%	#26	#31
1998	0.78%	0.70%	#27	#30
1999	0.81%	0.62%	#27	#29
2000	0.95%	0.55%	#25	#33
2001	0.94%	0.54%	#27	#36
2002	0.92%	0.55%	#27	#34
2003	0.94%	0.55%	#27	#35
2004	0.97%	0.55%	#27	#37
2005	1.04%	0.55%	#27	#36
2006	1.07%	0.55%	#26	#37
2007	0.96%	0.58%	#27	#36
2008	1.04%	0.57%	#26	#36
2009	0.98%	0.57%	#28	#36
2010	0.89%	0.53%	#28	#36
2011	0.89%	0.53%	#28	#35
2012	0.88%	0.50%	#28	#35
2013	0.81%	0.51%	#32	#35
2014	0.81%	0.50%	#31	#35
2015	0.69%	0.51%	#33	#35
2016	0.61%	0.48%	#35	#38
2017	0.64%	0.49%	#33	#36
2018	0.68%	0.48%	#32	#39
2019	0.60%	0.48%	#35	#38
2020	0.52%	0.49%	#36	#37
2021	0.78%	0.47%	#32	#39
2022	1.15%	0.45%	#27	#40
2023	0.83%	0.43%	#32	#40
2024	0.75%	0.44%	#32	#39

30 rows

Trading partners

Germany was Norway's top trading partner in 2024, at 14.7% of total trade; the top five partners covered 49.8%.

Year

Top partner share: 14.7%
Top-5 share: 49.8%
Partners: 216
Partner HHI (0–1): 0.068

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United Kingdom $30.1B

Germany $29.6B

Netherlands $14.5B

Sweden $14.1B

France $10.9B

Poland $8.3B

Belgium $7.7B

United States $6.1B

Denmark $6.1B

Finland $5.8B

China $4.4B

Italy $4.0B

Czechia $2.4B

Spain $1.6B

Brazil $1.1B

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Top partners of Norway in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Germany	$29,644 M	$10,349 M	$39,993 M	$19,296 M
#2	United Kingdom	$30,109 M	$4,632 M	$34,741 M	$25,476 M
#3	Sweden	$14,061 M	$11,080 M	$25,141 M	$2,980 M
#4	Netherlands	$14,477 M	$4,907 M	$19,384 M	$9,569 M
#5	China	$4,445 M	$11,915 M	$16,360 M	−$7,470 M
#6	France	$10,890 M	$2,641 M	$13,531 M	$8,250 M
#7	United States	$6,119 M	$7,363 M	$13,481 M	−$1,244 M
#8	Poland	$8,305 M	$3,536 M	$11,841 M	$4,768 M
#9	Belgium	$7,735 M	$3,379 M	$11,114 M	$4,356 M
#10	Denmark	$6,084 M	$4,531 M	$10,615 M	$1,553 M
#11	Finland	$5,774 M	$2,397 M	$8,172 M	$3,377 M
#12	Italy	$4,045 M	$2,963 M	$7,009 M	$1,082 M
#13	Spain	$1,632 M	$2,339 M	$3,971 M	−$707 M
#14	Czechia	$2,425 M	$1,383 M	$3,808 M	$1,042 M
#15	Brazil	$1,069 M	$2,024 M	$3,093 M	−$956 M

15 rows

Products & sectors

Product composition of Norway's trade in 2024.

Year

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Concentration & risk

Norway's export partners held steady over 1995–2024 — HHI 0.087 → 0.089, a diversified export base across 204 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Norway per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.087	0.073	191	152
1996	0.089	0.075	196	157
1997	0.085	0.070	198	166
1998	0.082	0.069	191	167
1999	0.081	0.068	194	173
2000	0.088	0.064	198	175
2001	0.085	0.067	206	178
2002	0.083	0.067	199	177
2003	0.085	0.066	198	167
2004	0.089	0.066	200	176
2005	0.095	0.062	198	189
2006	0.099	0.063	198	189
2007	0.100	0.063	200	194
2008	0.104	0.059	203	175
2009	0.088	0.060	203	176
2010	0.095	0.060	202	178
2011	0.099	0.059	203	185
2012	0.092	0.061	206	188
2013	0.094	0.059	207	177
2014	0.096	0.058	204	182
2015	0.087	0.058	210	184
2016	0.081	0.059	209	197
2017	0.090	0.057	205	199
2018	0.094	0.056	205	187
2019	0.085	0.056	211	195
2020	0.076	0.057	199	191
2021	0.119	0.060	205	199
2022	0.139	0.062	209	204
2023	0.092	0.056	205	205
2024	0.089	0.056	204	201

30 rows

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