2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

China-Norway Trade: In 2022, China exported $10.1B to Norway. The main products that China exported to Norway were Computers ($703M), Broadcasting Equipment ($701M), and Cars ($606M). Over the past 5 years the exports of China to Norway have increased at an annualized rate of 8.91%, from $6.59B in 2017 to $10.1B in 2022.

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

Norway-China Trade: In 2022, Norway exported $5.64B to China. The main products that Norway exported to China were Crude Petroleum ($3.04B), Non-fillet Frozen Fish ($434M), and Carboxyamide Compounds ($393M). Over the past 5 years the exports of Norway to China have increased at an annualized rate of 13.5%,  from $3B in 2017 to $5.64B in 2022.

In 2010, Norway exported services to China worth $1B, with Services not allocated ($502M), Transportation ($224M), and Other business services ($200M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). 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
Value

In 2022, China exported $10.1B to Norway. The main products exported from China to Norway were Computers ($703M), Broadcasting Equipment ($701M), and Cars ($606M). During the last 5 years the exports of China to Norway have increased at an annualized rate of 8.91%, from $6.59B in 2017 to $10.1B in 2022.

In 2017, Norway exported $5.64B to China. The main products exported from Norway to China were Crude Petroleum ($3.04B), Non-fillet Frozen Fish ($434M), and Carboxyamide Compounds ($393M). During the last 5 years the exports of Norway to China have increased at an annualized rate of 13.5%, from $3B in 2022 to $5.64B in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from China than Norway included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Norway than China included Sweden ($17.7B), Iceland ($1.17B), and Lithuania ($2.55B).

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

Comparative Advantage China - Norway

Flow
Scale

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

During 2022, China had a large net trade with Norway in the exports of Machines ($4.07B), Transportation ($1.59B), and Textiles ($1.13B).

During 2017, Norway had a large net trade with China in the exports of Mineral Products ($3.23B), Animal Products ($750M), and Chemical Products ($728M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Norway+$286MTelephones
Top Product Potential Norway China+$1.87BCrude 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 China and Norway. This means that a dot/product with the flag of China indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over China.

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

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