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Norway Trade Profile '21

Page 1

Trade Profiles

2021 Trade in commercial services

Transport

Travel Other commercial services

Industrial property

Merchandise trade Agricultural products Nonagricultural products


Norway

Norway

GDP (million current US$, 2020) GDP per capita (US$, 2018-2020) Current account balance (% GDP, 2020) Trade per capita (US$, 2018-2020) Trade (% GDP, 2018-2020)

362 009 74 955 2.5 25 790 34.4

Rank in world trade, 2020 Merchandise excluding intra-EU trade Commercial services excluding intra-EU trade

Exports

38 25 28 17

Imports

40 26 30 19

MERCHANDISE TRADE Value

Million US$ Merchandise exports, f.o.b. Merchandise imports, c.i.f.

Annual percentage change

2020 84 459 80 447 2020 0.48

Share in world total exports (%)

2010-2020 -4 0

2019 -16 -1

2020 -18 -6 2020 0.45

Share in world total imports (%)

Breakdown in economy's total exports

Breakdown in economy's total imports

By main commodity group, % (2019)

By main commodity group, % (2019)

Agricultural products: 13.4

Fuels and mining products: 63.4

Agricultural products: 10.5

Fuels and mining products: 12.5

Manufactures: 19.7

Other: 3.4

Manufactures: 76.6

Other: 0.4

By main destination, % (2020)

By main origin, % (2020)

European Union: 56.2 China: 7.8 Korea, Republic of: 1.7

United Kingdom: 17.4 United States of America: 4 Other: 12.8

European Union: 54.9 United States of America: 6.8 Canada: 2.5

China: 12.1 United Kingdom: 5.4 Other: 18.3

Agricultural Products Value

Top exported products (Million US$) HS2106 HS2309 HS2304 HS1507 HS2201

2020 . 215 202 88 62 53

Other food preparations Preparations of a kind used in animal feeding Solid residues from soya-bean oil Soya-bean oil and its fractions Waters, natural or artificial

Value

Top imported products (Million US$) HS2309 HS2204 HS1514 HS2106 HS1905

2020

Preparations of a kind used in animal feeding Wine of fresh grapes Rape, colza or mustard oil Other food preparations Bread, pastry, other bakers' wares

584 508 502 493 415

Share in economy's trade in agricultural products Exports 0%

20%

Imports 40%

0%

HS2106

HS2309

HS2309

HS2204

HS2304

HS1514

HS1507

HS2106

HS2201

HS1905

5%

10%

Million US$ Exports Imports

Value

2020 1 108 8 114

Annual percentage change

2010-2020 4 4

2019 1 -2

2020 -3 10

Non-Agricultural Products Value

Top exported products (Million US$) HS2709 HS2711 HS0302 HS2710 HS7601

2020

Petroleum oils, crude Petroleum gases Fish, fresh, chilled Petroleum oils, other than crude Unwrought aluminium

22 736 13 755 6 306 3 748 2 526

Value

Top imported products (Million US$) HS8703 HS8471 HS2710 HS7501 HS8525

2020

Motor cars for transport of persons Automatic data-processing machines Petroleum oils, other than crude Nickel mattes, nickel oxide sinters Radio-telephony transmission tools

5 679 1 990 1 964 1 927 1 885

Share in economy's trade in non-agricultural products Exports 0%

272

20%

Imports 40%

0%

HS2709

HS8703

HS2711

HS8471

HS0302

HS2710

HS2710

HS7501

HS7601

HS8525

5%

10%

Million US$ Exports Imports

Value

2020 77 788 72 489

Annual percentage change

2010-2020 -5 0

2019 -16 -1

2020 -21 -7

World Trade Organization – Trade Profiles 2021


Norway TRADE IN COMMERCIAL SERVICES Value

Million US$ Commercial services exports Commercial services imports

Annual percentage change

2020

2010-2020

35 414 36 864 2020 0.72

Share in world total exports (%) Breakdown in economy's total exports

2019

2020

0 1

-18 -30

-2 -2

2020 0.80

Share in world total imports (%) Breakdown in economy's total imports

By main services item, % (2020)

By main services item, % (2020)

Transport: 42.3 Other commercial services: 49.8

Travel: 5.1 Goods-related services: 2.8

Transport: 25.1 Other commercial services: 61.2

By main destination

Travel: 9.9 Goods-related services: 3.7

By main origin

Value

FATS sales Inward (million US$) Outward (million US$)

Annual percentage change

2018 44 334 42 554

2010-2018 3 5

2017 3 4

2018 15 0

Transport Norway

200

World

100 0

2010

2013

2016

2020

Transport exports (Index 2010=100)

Value

Million US$ Exports Imports

2020 14 970 9 262

Exports By sea (2020) By air (2020) By other (2020)

Value

Share (%)

11 598 1 051 2 073

77.5 7.0 13.9

2010-2020 -2 -2

Annual percentage change 2019 -2 -2

Imports By sea (2020) By air (2020) By other (2020)

2020 -17 -23

Value

Share (%)

5 783 769 2 628

62.4 8.3 28.4

Travel Norway

200

World

Value

Million US$ Exports Imports

100 0

2010

2013

2016

2020 1 792 3 660

2010-2020 -9 -12

Annual percentage change 2019 -1 -3

2020 -69 -78

2020

Travel exports (Index 2010=100)

Other Commercial Services and Goods-related Services Exports of OCS by main item (2020) Other business services Financial services

11.0

14.3 21.5

53.2

Million US$

Value

2020

2010-2020

Other commercial services Exports 17 654 Imports 22 569

ICTs

0 2

2020

Goods-related services Exports Imports

Other

Annual percentage change

2010-2020

999 1 373

3 3

2019

2020

1 4

-3 -1

2019

2020

26 45

-6 21

INDUSTRIAL PROPERTY Patent applications, 2019 Residents

957

Non-residents

582

Trademark applications, 2019 Total

1 539

World Trade Organization – Trade Profiles 2021

Residents

4 251

Non-residents

11 688

Industrial design applications, 2019 Total

15 939

Residents

270

Non-residents

1 066

Total

1 336

273


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