Mexico (MEX) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Mexico-Norway Trade: In 2022, Mexico exported $583M to Norway. The main products that Mexico exported to Norway were Cars ($250M), Fish oil ($43.2M), and Iron Pipes ($35.5M). Over the past 5 years the exports of Mexico to Norway have increased at an annualized rate of 20.8%, from $226M in 2017 to $583M in 2022.

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

Norway-Mexico Trade: In 2022, Norway exported $76.1M to Mexico. The main products that Norway exported to Mexico were Fish: dried, salted, smoked or in brine ($14.3M), Raw Nickel ($10.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.87M). Over the past 5 years the exports of Norway to Mexico have decreased at an annualized rate of 5.26%, from $138M in 2017 to $76.1M in 2022.

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

Comparison: In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mexico exported $583M to Norway. The main products exported from Mexico to Norway were Cars ($250M), Fish oil ($43.2M), and Iron Pipes ($35.5M). During the last 5 years the exports of Mexico to Norway have increased at an annualized rate of 20.8%, from $226M in 2017 to $583M in 2022.

In 2017, Norway exported $76.1M to Mexico. The main products exported from Norway to Mexico were Fish: dried, salted, smoked or in brine ($14.3M), Raw Nickel ($10.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.87M). During the last 5 years the exports of Norway to Mexico have decreased at an annualized rate of 5.26%, from $138M in 2005 to $76.1M in 2017.

Exports from Mexico () to Norway () (2022)

Exports from Norway () to Mexico () (2022)

Latest Data

Trade between Mexico () and Norway ()

Mexico Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Mexico than Norway included United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

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

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

Comparative Advantage Mexico - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Norway in the exports of Transportation ($279M), Machines ($127M), and Instruments ($60.4M).

During 2017, Norway had a large net trade with Mexico in the exports of Animal Products ($18.4M), Metals ($13.5M), and Machines ($13.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Norway+$131MCars

Top Product Potential Norway Mexico+$12.6MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Norway () (2022)

Exports from Norway () to Mexico () (2022)

Latest Data

Trade between Mexico () and Norway ()

Mexico Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Mexico - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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