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Pricing

2022
Flag → Flag
Exports $76.1MRnk 65 / 209
2022
Flag → Flag
Top Product $14.3MFish: dried, salted, smoked or in brine
2022
Flag → Flag
Exports $583MRnk 36 / 156
2022
Flag → Flag
Top Product $250MCars
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

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 11.2%, from $138M in 2017 to $76.1M in 2022.

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

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.

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

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK176M and imported NOK609M from Mexico, resulting in a negative trade balance of NOK434M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-137M (-43.8%) from NOK312M to NOK176M, while imports increased by NOK189M (44.8%) from NOK421M to NOK609M.

Trade In July 2024, the top exports of Norway to Mexico were Plastics in primary forms (NOK15.6M), Chemical materials and products, n.e.s. (NOK15.2M), Non-ferrous metals (NOK13.5M), Machinery specialized for particular industries (NOK10.1M), and Road vehicles (including air-cushion vehicles) (NOK5.31M). In July 2024 the top imports of Norway from Mexico were Iron and steel (NOK121M), Road vehicles (including air-cushion vehicles) (NOK53M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK33.4M), Professional, scientific and controlling instruments and... (NOK31.7M), and Telecommunications and sound-recording and reproducing apparatus... (NOK28.3M).

Growth In July 2024, the decrease in Norway's year-by-year exports to Mexico was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-14.1M or -48.2%), Crude fertilizers, other than those of... (NOK-4.95M or -100%), and Professional, scientific and controlling instruments and... (NOK-3.29M or -55.5%). In July 2024, the increase in Norway's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Iron and steel (NOK91.4M or 306%), Telecommunications and sound-recording and reproducing apparatus... (NOK14.1M or 99.6%), and Office machines and automatic data-processing machines (NOK10.3M or 82.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-137M(-43.8%)
IMPORT GROWTH (July 2023 - July 2024)NOK189M(44.8%)

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 Mexico and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 11.2%, from $138M in 2017 to $76.1M in 2022.

In 2017, 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 2022 to $583M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Mexico
Top DestinationUnited States$421B

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

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

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

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

Comparative Advantage Norway - Mexico

Flow
Scale

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

During 2022, Norway had a large net trade with Mexico in the exports of Animal Products ($18.4M), Metals ($13.5M), and Machines ($13.5M).

During 2017, Mexico had a large net trade with Norway in the exports of Transportation ($279M), Machines ($127M), and Instruments ($60.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Mexico+$12.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Mexico Norway+$131MCars

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

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

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