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2022
Flag → Flag
Exports $346MRnk 35 / 209
2022
Flag → Flag
Top Product $89MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $663MRnk 42 / 152
2022
Flag → Flag
Top Product $146MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 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$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Norway-Vietnam Trade: In 2022, Norway exported $346M to Vietnam. The main products that Norway exported to Vietnam were Non-fillet Frozen Fish ($89M), Non-fillet Fresh Fish ($62.6M), and Fish Fillets ($27.9M). Over the past 5 years the exports of Norway to Vietnam have decreased at an annualized rate of 3.06%, from $404M in 2017 to $346M in 2022.

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

Vietnam-Norway Trade: In 2022, Vietnam exported $663M to Norway. The main products that Vietnam exported to Norway were Broadcasting Equipment ($146M), Textile Footwear ($59.3M), and Leather Footwear ($26.9M). Over the past 5 years the exports of Vietnam to Norway have increased at an annualized rate of 8.92%,  from $433M in 2017 to $663M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK276M and imported NOK1.08B from Vietnam, resulting in a negative trade balance of NOK800M. Between July 2023 and July 2024 the exports of Norway have increased by NOK2.5M (0.92%) from NOK273M to NOK276M, while imports increased by NOK277M (34.7%) from NOK798M to NOK1.08B.

Trade In July 2024, the top exports of Norway to Vietnam were Fish (not marine mammals), crustaceans, molluscs... (NOK164M), Manufactures of metals, n.e.s. (NOK25.6M), Chemical materials and products, n.e.s. (NOK18.2M), Power-generating machinery and equipment (NOK13.5M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK10.8M). In July 2024 the top imports of Norway from Vietnam were Telecommunications and sound-recording and reproducing apparatus... (NOK262M), Footwear (NOK251M), Articles of apparel and clothing accessories (NOK99M), Miscellaneous manufactured articles, n.e.s. (NOK47.4M), and Office machines and automatic data-processing machines (NOK39.2M).

Growth In July 2024, the increase in Norway's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK63.4M or 62.8%), Manufactures of metals, n.e.s. (NOK24.9M or 3.58k%), and Power-generating machinery and equipment (NOK11.8M or 703%). In July 2024, the increase in Norway's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Footwear (NOK146M or 140%), Telecommunications and sound-recording and reproducing apparatus... (NOK81M or 44.9%), and Articles of apparel and clothing accessories (NOK37.9M or 62%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK2.5M(0.92%)
IMPORT GROWTH (July 2023 - July 2024)NOK277M(34.7%)

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 Vietnam and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $346M to Vietnam. The main products exported from Norway to Vietnam were Non-fillet Frozen Fish ($89M), Non-fillet Fresh Fish ($62.6M), and Fish Fillets ($27.9M). During the last 5 years the exports of Norway to Vietnam have decreased at an annualized rate of 3.06%, from $404M in 2017 to $346M in 2022.

In 2017, Vietnam exported $663M to Norway. The main products exported from Vietnam to Norway were Broadcasting Equipment ($146M), Textile Footwear ($59.3M), and Leather Footwear ($26.9M). During the last 5 years the exports of Vietnam to Norway have increased at an annualized rate of 8.92%, from $433M in 2022 to $663M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Norway included United States ($117B), China ($58.7B), and Japan ($25B).

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

Comparative Advantage Norway - Vietnam

Flow
Scale

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

During 2022, Norway had a large net trade with Vietnam in the exports of Animal Products ($183M), Machines ($53.1M), and Chemical Products ($34.9M).

During 2017, Vietnam had a large net trade with Norway in the exports of Machines ($240M), Footwear and Headwear ($109M), and Textiles ($93.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Vietnam+$5.34MMixed Mineral or Chemical Fertilizers
Top Product Potential Vietnam Norway+$88.7MTelephones

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

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

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