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2022
Flag → Flag
Exports $1.28BRnk 18 / 209
2022
Flag → Flag
Top Product $204MCrude Petroleum
2022
Flag → Flag
Exports $799MRnk 65 / 219
2022
Flag → Flag
Top Product $160MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Norway-Turkey Trade: In 2022, Norway exported $1.28B to Turkey. The main products that Norway exported to Turkey were Crude Petroleum ($204M), Ferroalloys ($194M), and Insulated Wire ($102M). Over the past 5 years the exports of Norway to Turkey have increased at an annualized rate of 5.25%, from $995M in 2017 to $1.28B in 2022.

In 2009, Norway exported services to Turkey worth $3.68M, with Transportation ($2.56M), Travel ($799k), and Insurance services ($319k) being the largest in terms of value.

Turkey-Norway Trade: In 2022, Turkey exported $799M to Norway. The main products that Turkey exported to Norway were Passenger and Cargo Ships ($160M), Fishing Ships ($86.3M), and Delivery Trucks ($55.7M). Over the past 5 years the exports of Turkey to Norway have increased at an annualized rate of 4.44%,  from $643M in 2017 to $799M in 2022.

In 2009, Turkey exported services to Norway worth $0, with being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK599M and imported NOK781M from Turkey, resulting in a negative trade balance of NOK182M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-127M (-17.5%) from NOK726M to NOK599M, while imports increased by NOK217M (38.5%) from NOK564M to NOK781M.

Trade In July 2024, the top exports of Norway to Turkey were Petroleum, petroleum products and related materials (NOK836M), Miscellaneous manufactured articles, n.e.s. (NOK134M), Animal oils and fats (NOK101M), General industrial machinery and equipment, n.e.s.,... (NOK78.3M), and Fish (not marine mammals), crustaceans, molluscs... (NOK67.7M). In July 2024 the top imports of Norway from Turkey were Articles of apparel and clothing accessories (NOK180M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK68.3M), Road vehicles (including air-cushion vehicles) (NOK68.1M), Manufactures of metals, n.e.s. (NOK58.5M), and Iron and steel (NOK40.5M).

Growth In July 2024, the decrease in Norway's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-110M or -94.9%), Paper, paperboard and articles of paper... (NOK-21M or -96.4%), and Non-ferrous metals (NOK-17.6M or -70.9%). In July 2024, the increase in Norway's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Road vehicles (including air-cushion vehicles) (NOK44.9M or 193%), Iron and steel (NOK36.1M or 809%), and Manufactures of metals, n.e.s. (NOK30.3M or 108%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-127M(-17.5%)
IMPORT GROWTH (July 2023 - July 2024)NOK217M(38.5%)

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 Turkey and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.28B to Turkey. The main products exported from Norway to Turkey were Crude Petroleum ($204M), Ferroalloys ($194M), and Insulated Wire ($102M). During the last 5 years the exports of Norway to Turkey have increased at an annualized rate of 5.25%, from $995M in 2017 to $1.28B in 2022.

In 2017, Turkey exported $799M to Norway. The main products exported from Turkey to Norway were Passenger and Cargo Ships ($160M), Fishing Ships ($86.3M), and Delivery Trucks ($55.7M). During the last 5 years the exports of Turkey to Norway have increased at an annualized rate of 4.44%, from $643M in 2022 to $799M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Turkey
Top DestinationGermany$21.9B

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

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

In 2022, countries that imported more from Turkey than Norway included Iraq ($13.7B), United States ($17.1B), and Russia ($9.24B).

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

Comparative Advantage Norway - Turkey

Flow
Scale

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

During 2022, Norway had a large net trade with Turkey in the exports of Machines ($297M), Mineral Products ($240M), and Metals ($230M).

During 2017, Turkey had a large net trade with Norway in the exports of Transportation ($365M), Metals ($91M), and Machines ($83.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Turkey+$139MCrude Petroleum
Top Product Potential Turkey Norway+$40.6MCars

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

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

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