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2022
Flag → Flag
Exports $1.13BRnk 21 / 209
2022
Flag → Flag
Top Product $445MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $1.45BRnk 42 / 223
2022
Flag → Flag
Top Product $787MAluminium Oxide
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Norway-Brazil Trade: In 2022, Norway exported $1.13B to Brazil. The main products that Norway exported to Brazil were Mixed Mineral or Chemical Fertilizers ($445M), Fish: dried, salted, smoked or in brine ($117M), and Ferroalloys ($70.1M). Over the past 5 years the exports of Norway to Brazil have increased at an annualized rate of 11.5%, from $656M in 2017 to $1.13B in 2022.

In 2010, Norway exported services to Brazil worth $1.78B, with Services not allocated ($889M), Other business services ($572M), and Transportation ($294M) being the largest in terms of value.

Brazil-Norway Trade: In 2022, Brazil exported $1.45B to Norway. The main products that Brazil exported to Norway were Aluminium Oxide ($787M), Soybeans ($148M), and Refined Petroleum ($95.2M). Over the past 5 years the exports of Brazil to Norway have increased at an annualized rate of 10.6%,  from $877M in 2017 to $1.45B in 2022.

In 2022, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK937M and imported NOK2.01B from Brazil, resulting in a negative trade balance of NOK1.08B. Between July 2023 and July 2024 the exports of Norway have increased by NOK554M (145%) from NOK382M to NOK937M, while imports increased by NOK361M (21.9%) from NOK1.65B to NOK2.01B.

Trade In July 2024, the top exports of Norway to Brazil were Fish (not marine mammals), crustaceans, molluscs... (NOK321M), General industrial machinery and equipment, n.e.s.,... (NOK70.5M), Professional, scientific and controlling instruments and... (NOK68.5M), Iron and steel (NOK49.4M), and Machinery specialized for particular industries (NOK18.4M). In July 2024 the top imports of Norway from Brazil were Metalliferous ores and metal scrap (NOK899M), General industrial machinery and equipment, n.e.s.,... (NOK248M), Feeding stuff for animals (not including... (NOK109M), Coffee, tea, cocoa, spices, and manufactures... (NOK92.7M), and Professional, scientific and controlling instruments and... (NOK59.5M).

Growth In July 2024, the increase in Norway's year-by-year exports to Brazil was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK184M or 134%), Professional, scientific and controlling instruments and... (NOK52.1M or 318%), and Iron and steel (NOK32.5M or 192%). In July 2024, the increase in Norway's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Metalliferous ores and metal scrap (NOK503M or 127%), General industrial machinery and equipment, n.e.s.,... (NOK247M or 40.6k%), and Professional, scientific and controlling instruments and... (NOK59.1M or 16.4k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK554M(145%)
IMPORT GROWTH (July 2023 - July 2024)NOK361M(21.9%)

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 Brazil and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Brazil and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.13B to Brazil. The main products exported from Norway to Brazil were Mixed Mineral or Chemical Fertilizers ($445M), Fish: dried, salted, smoked or in brine ($117M), and Ferroalloys ($70.1M). During the last 5 years the exports of Norway to Brazil have increased at an annualized rate of 11.5%, from $656M in 2017 to $1.13B in 2022.

In 2017, Brazil exported $1.45B to Norway. The main products exported from Brazil to Norway were Aluminium Oxide ($787M), Soybeans ($148M), and Refined Petroleum ($95.2M). During the last 5 years the exports of Brazil to Norway have increased at an annualized rate of 10.6%, from $877M in 2022 to $1.45B in 2017.

Exports from Norway (Flag) to Brazil (Flag) (2022)

Exports from Brazil (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Brazil
Top DestinationChina$90.1B

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

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

In 2022, countries that imported more from Brazil than Norway included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

Difference in imports from Brazil (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Brazil

Flow
Scale

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

During 2022, Norway had a large net trade with Brazil in the exports of Chemical Products ($528M), Metals ($163M), and Machines ($135M).

During 2017, Brazil had a large net trade with Norway in the exports of Chemical Products ($835M), Vegetable Products ($199M), and Mineral Products ($154M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Brazil+$15.7MRefined Petroleum
Top Product Potential Brazil Norway+$57MRefined Petroleum

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

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

Product Space of Norway (Flag) and Brazil (Flag) (2022)

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