[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · NOR · 2024
Norway trade profile
In 2024, Norway recorded $163.4B in merchandise exports and $94.0B in imports, producing a $69.4B trade surplus. Exports changed -7.5% from the previous year, while imports changed +2.8%.[1]
Exports
$163.4B
-7.5%
Imports
$94.0B
+2.8%
Trade balance
$69.4B
surplus
Active partners
270
62 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$107.8B
HS 27 · Mineral fuels and oils
43 active HS6 lines · 96 export partners
2$16.1B
HS 03 · HS chapter
214 active HS6 lines · 144 export partners
3$5.1B
HS 84 · Machinery
514 active HS6 lines · 177 export partners
4$5.1B
HS 76 · HS chapter
35 active HS6 lines · 120 export partners
5$3.4B
HS 85 · Electrical machinery
261 active HS6 lines · 180 export partners
6$2.0B
HS 90 · HS chapter
142 active HS6 lines · 171 export partners
7$1.8B
HS 89 · HS chapter
17 active HS6 lines · 102 export partners
8$1.7B
HS 72 · HS chapter
166 active HS6 lines · 99 export partners
Leading export markets
Destinations rank bilateral export flows from Norway; growth describes each corridor rather than the whole economy.
1$30.4B
United Kingdom
Annual change -7.3% · 3-year CAGR -5.4%
2$27.4B
Germany
Annual change -17.3% · 3-year CAGR -13.6%
3$13.4B
Netherlands
Annual change -16.0% · 3-year CAGR -3.5%
4$13.4B
Sweden
Annual change -13.2% · 3-year CAGR -3.3%
5$9.7B
France
Annual change +5.8% · 3-year CAGR 1.5%
6$8.9B
Poland
Annual change -8.2% · 3-year CAGR 40.1%
7$7.7B
Belgium
Annual change -17.7% · 3-year CAGR -5.2%
8$7.5B
Denmark
Annual change -1.1% · 3-year CAGR 17.1%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.