Exporting to Norway

Norway Export Guide | Trade Finance Global

Exporting to Norway

Norway has a population of over 5 million people; it is a high-income economy and is a member of the OECD. In terms of rankings, it has the second GDP per capita in the world and the best index of quality of life in the world.

The main trade with Norway has been mainly with the EU. The total GDP of Noway is around $511 billion and Norway’s GDP per capita is around $101,000, which makes it the second highest in the European Economic Area (EEA) following Luxembourg. Norway emerged as the EU’s most valuable import partner for trade in goods totalling around €91 billion. There is a surplus of around €48 billion in relation to Norway’s trade with the EU. The European Economic Area (EEA) Agreement will protect Norwegian market interests in the main European market.

The main economic activities include fisheries, shipping and fish farming. In relation to shipping, Norway has the fourth largest fleet in the world. The gas and oil makes up around 25% of the GDP or Norway and makes up over half of the exports. Norway is the world’s second most important non-OPEC oil exporter.

Exporting to Norway? Contact our local experts


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Country Profile

CapitalKingdom of Norwayl Kongeriket Norge(Norwegian Bokml) Kongeriket Noreg(Norwegian Nynorsk) Norgga gonagasriika(Northern Sami) Flag Coat of arms Motto:Enig og tro til Dovre faller (Eidsvoll oath)(Norwegian) Anthem: Ja, vi elsker dette landet(de facto) (English: "Yes, we love this country") Norges Skaal (de jure, not used from
Population
Area385,178 km2 (61st)
148,718 sq mi
Currency Norwegian krone
GDP
LanguagesNorwegian

Norway: Imports Profile

Imports from Norway

Imports from Norway: $73.02 billion
Import commodities:Machinery and equipment, chemicals, metals, foodstuffs
Top import destinations:Sweden 12.0%, Germany 11.8%, China 9.8% (2015), United Kingdom 6.7%, United States 6.6%, Denmark 6.0%
GDP growth (annual %)

Importing from Norway? Contact our local experts

Country Profile

CapitalKingdom of Norwayl Kongeriket Norge(Norwegian Bokml) Kongeriket Noreg(Norwegian Nynorsk) Norgga gonagasriika(Northern Sami) Flag Coat of arms Motto:Enig og tro til Dovre faller (Eidsvoll oath)(Norwegian) Anthem: Ja, vi elsker dette landet(de facto) (English: "Yes, we love this country") Norges Skaal (de jure, not used from
Population
Area385,178 km2 (61st)
148,718 sq mi
Currency Norwegian krone
GDP
LanguagesNorwegian

0.82

Econ Complexity 20th of 89
1980
2016

$89.4B

Exports 30th of 120
1980
2016

$72.3B

Imports 34th of 120
1980
2016

$59.3k

GDP Per Capita 5th of 89
1990
2016
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