Norway (NOR) and Japan (JPN) Trade | The Observatory of Economic Complexity

About

Norway-Japan Trade: In 2022, Norway exported $1.23B to Japan. The main products that Norway exported to Japan were Fish Fillets ($319M), Non-fillet Frozen Fish ($144M), and Raw Nickel ($99.6M). Over the past 5 years the exports of Norway to Japan have decreased at an annualized rate of 3.52%, from $1.48B in 2017 to $1.23B in 2022.

In 2010, Norway exported services to Japan worth $999M, with Services not allocated ($498M), Transportation ($192M), and Other business services ($186M) being the largest in terms of value.

Japan-Norway Trade: In 2022, Japan exported $1.36B to Norway. The main products that Japan exported to Norway were Cars ($510M), Iron Pipes ($154M), and Delivery Trucks ($57.3M). Over the past 5 years the exports of Japan to Norway have increased at an annualized rate of 0.11%, from $1.35B in 2017 to $1.36B in 2022.

In 2022, Japan did not export any services to Norway.

Comparison: In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK537M and imported NOK1.69B from Japan, resulting in a negative trade balance of NOK1.15B. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-48.3M (-8.25%) from NOK586M to NOK537M, while imports increased by NOK218M (14.9%) from NOK1.47B to NOK1.69B.

Trade In July 2024, the top exports of Norway to Japan were Fish (not marine mammals), crustaceans, molluscs... (NOK365M), Machinery specialized for particular industries (NOK217M), Non-ferrous metals (NOK93.5M), Miscellaneous edible products and preparations (NOK66.4M), and Pulp and waste paper (NOK49.1M). In July 2024 the top imports of Norway from Japan were Road vehicles (including air-cushion vehicles) (NOK568M), Iron and steel (NOK199M), Machinery specialized for particular industries (NOK114M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK63.1M), and Professional, scientific and controlling instruments and... (NOK53M).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)NOK-48.3M(-8.25%)

IMPORT GROWTH (July 2023 - July 2024)NOK218M(14.9%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Japan and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $1.23B to Japan. The main products exported from Norway to Japan were Fish Fillets ($319M), Non-fillet Frozen Fish ($144M), and Raw Nickel ($99.6M). During the last 5 years the exports of Norway to Japan have decreased at an annualized rate of 3.52%, from $1.48B in 2017 to $1.23B in 2022.

In 2017, Japan exported $1.36B to Norway. The main products exported from Japan to Norway were Cars ($510M), Iron Pipes ($154M), and Delivery Trucks ($57.3M). During the last 5 years the exports of Japan to Norway have increased at an annualized rate of 0.11%, from $1.35B in 2022 to $1.36B in 2017.

Exports from Norway () to Japan () (2022)

Exports from Japan () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Japan
Top DestinationUnited States$137B

This map shows whether countries import more from Norway or Japan. Each country is colored based on the difference in imports they receive from Norway and Japan or the difference in the growth in imports.

In 2022, countries that imported more from Norway than Japan included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Japan than Norway included United States ($137B), China ($135B), and Chinese Taipei ($50.1B).

Difference in imports from Japan () and Norway () (2022)

Comparative Advantage Norway - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Norway and Japan by product, considering products traded by both, Norway and Japan.

During 2022, Norway had a large net trade with Japan in the exports of Animal Products ($555M), Chemical Products ($226M), and Metals ($182M).

During 2017, Japan had a large net trade with Norway in the exports of Transportation ($645M), Metals ($244M), and Machines ($238M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Norway and Japan. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Japan. Similarly, a dot/product with the flag of Japan indicates it has a comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Japan () (2022)

Exports from Japan () to Norway () (2022)

Market Competitiveness

Difference in imports from Japan () and Norway () (2022)

Comparative Advantage Norway - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Norway () and Japan () (2022)

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