Trade route overview

South Korea exports to Norway
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

KOR-NOR2024 reported exports339 product typesCritical attention review level
Latest reported exports$573.9M2024 route total
Highest-priority products2Need the closest review
Products needing review22High-attention product types
Exports needing review52.6%Share of route exports
Overall review levelCritical attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, South Korea reported $573.9M in goods exports to Norway. 22 product types are marked for closer review, covering 52.6% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from South Korea to Norway in the latest available year.

$573.9M in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

52.6% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

339 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from South Korea to Norway. Bar lengths are relative to the highest year shown.

Latest annual total$625.7M2024 annual history
Highest year$5.1B2017 annual history
Latest below highest87.7%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$458.5M
Still below the previous high
$298.2M
Buyer demand is falling
$0.0
Product mix is concentrated
$255.2M
Tariffs and access rules
$0.0
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility1.3Higher means bigger yearly swings
Below highest year36.4%Compared with the route's best year
Product concentration (HHI)1,007.60-10,000 scale; higher means fewer products dominate
Largest product share28.9%Share from the biggest product

Largest product

Vehicles: with only electric motor for propulsion

Product code HS6 870380 makes up 28.9% of exports from South Korea to Norway. The main reason to review it is: Some product types remain below their previous high.

See product rows
Exports of this product$165.8M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for South Korea exports to Norway
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Vehicles: with only electric motor for propulsionHS6 870380 - six-digit product code$4.2B58.9%1.1Critical attention
2Tanks and other armoured fighting vehicles: motorised, whether or not fitted with weapons, and parts of such vehiclesHS6 871000 - six-digit product code$98.6M0%1.3High attention
3Machines and mechanical appliances: n.e.s. in item no. 8479.8, having individual functionsHS6 847989 - six-digit product code$471.5M0%2.6Watch
4Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)HS6 330499 - six-digit product code$378.5M0%2.2Watch
5Mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structureHS6 842952 - six-digit product code$186.4M54.1%1.2High attention
6Military weapons: artillery weapons (e.g. guns, howitzers, and mortars)HS6 930110 - six-digit product code$22.6M59.7%0.8Critical attention
7Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)HS6 850760 - six-digit product code$227.7M0%1.8Watch
8Electrical transformers: liquid dielectric, having a power handling capacity exceeding 10,000kVAHS6 850423 - six-digit product code$97.7M0%1Watch
9Rubber: new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)HS6 401110 - six-digit product code$270.3M24.1%0.4Stable
10Electric accumulators: lead-acid, of a kind used for starting piston engines, including separators, whether or not rectangular (including square)HS6 850710 - six-digit product code$49.0M0%0.4Stable

Buyer-market imports are total imports of that product into the buyer market, not only exports from South Korea. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets7,731 kmApproximate route distance
Trade agreement (FTA)YesReported agreement coverage
Average import tariff2.4%Average tax applied to imports
Buyer economy size$482.4B2024 gross domestic product
Buyer GDP per person$89.2KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time4 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.

How much did South Korea export to Norway?

South Korea reported $573.9M in goods exports to Norway in 2024.

What does "exports needing review" mean?

52.6% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.