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Pricing

2022
Flag → Flag
Exports $18.8MRnk 95 / 209
2022
Flag → Flag
Top Product $6.66MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $12.7MRnk 44 / 154
2022
Flag → Flag
Top Product $7.44MFish oil
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Norway-Georgia Trade: In 2022, Norway exported $18.8M to Georgia. The main products that Norway exported to Georgia were Non-fillet Frozen Fish ($6.66M), Non-fillet Fresh Fish ($3.92M), and Fish Fillets ($2.18M). Over the past 5 years the exports of Norway to Georgia have increased at an annualized rate of 7.07%, from $13.3M in 2017 to $18.8M in 2022.

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

Georgia-Norway Trade: In 2022, Georgia exported $12.7M to Norway. The main products that Georgia exported to Norway were Fish oil ($7.44M), Knit T-shirts ($1.21M), and Ferroalloys ($1.17M). Over the past 5 years the exports of Georgia to Norway have increased at an annualized rate of 34.2%,  from $2.92M in 2017 to $12.7M in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK5.1M and imported NOK8.86M from Georgia, resulting in a negative trade balance of NOK3.75M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-1.9M (-27.1%) from NOK7M to NOK5.1M, while imports increased by NOK5.41M (157%) from NOK3.45M to NOK8.86M.

Trade In July 2024, the top exports of Norway to Georgia were Fish (not marine mammals), crustaceans, molluscs... (NOK10.6M), Chemical materials and products, n.e.s. (NOK608k), Animal oils and fats (NOK434k), Telecommunications and sound-recording and reproducing apparatus... (NOK136k), and Miscellaneous edible products and preparations (NOK115k). In July 2024 the top imports of Norway from Georgia were Articles of apparel and clothing accessories (NOK2.71M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK1.07M), Beverages (NOK384k), Medicinal and pharmaceutical products (NOK246k), and Cork and wood manufactures (excluding furniture) (NOK43k).

Growth In July 2024, the decrease in Norway's year-by-year exports to Georgia was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-2.36M or -79.5%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-107k or -100%), and Office machines and automatic data-processing machines (NOK-32k or -100%). In July 2024, the increase in Norway's year-by-year imports  from Georgia was explained primarily by an increase in product imports  in Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK817k or 320%), Articles of apparel and clothing accessories (NOK127k or 4.93%), and Medicinal and pharmaceutical products (NOK99k or 67.3%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-1.9M(-27.1%)
IMPORT GROWTH (July 2023 - July 2024)NOK5.41M(157%)

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 Georgia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Georgia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $18.8M to Georgia. The main products exported from Norway to Georgia were Non-fillet Frozen Fish ($6.66M), Non-fillet Fresh Fish ($3.92M), and Fish Fillets ($2.18M). During the last 5 years the exports of Norway to Georgia have increased at an annualized rate of 7.07%, from $13.3M in 2017 to $18.8M in 2022.

In 2017, Georgia exported $12.7M to Norway. The main products exported from Georgia to Norway were Fish oil ($7.44M), Knit T-shirts ($1.21M), and Ferroalloys ($1.17M). During the last 5 years the exports of Georgia to Norway have increased at an annualized rate of 34.2%, from $2.92M in 2022 to $12.7M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Norway included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

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

Comparative Advantage Norway - Georgia

Flow
Scale

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

During 2022, Norway had a large net trade with Georgia in the exports of Animal Products ($14.9M), Chemical Products ($1.61M), and Transportation ($710k).

During 2017, Georgia had a large net trade with Norway in the exports of Animal and Vegetable Bi-Products ($7.44M), Textiles ($3.2M), and Metals ($1.19M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Georgia+$718kNon-fillet Fresh Fish
Top Product Potential Georgia Norway+$873kKnit T-shirts

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 Georgia. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Georgia. Similarly, a dot/product with the flag of Georgia indicates it has a comparative advantage over Norway.

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

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