# Norway exports to Belgium: Trade Route Risk | Yugalinks

Understand reported exports from Norway to Belgium, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/NOR-BEL/risk

## Route overview

In 2024, Norway reported $7.6B in goods exports to Belgium. The overall review level is Critical attention.

## How to read this page

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

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $7.6B | 2024 route total |
| Exports needing review | 87.3% | Share of route exports |
| Highest-priority products | 5 | Need the closest review |
| Products needing review | 22 | High-attention product types |
| Export volatility | 0.9 | Higher means bigger yearly swings |
| Below highest year | 58.1% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 271121 | Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $10.4B | 64% | Critical attention |
| 2 | 271012 | Not reported | $7.8B | 18.9% | Stable |
| 3 | 271112 | Petroleum gases and other gaseous hydrocarbons: liquefied, propane | $905.7M | 20.6% | High attention |
| 4 | 290121 | Acyclic hydrocarbons: unsaturated, ethylene | $1.5B | 28.8% | Watch |
| 5 | 271019 | Not reported | $16.1B | 63.3% | Critical attention |
| 6 | 271114 | Petroleum gases and other gaseous hydrocarbons: liquefied, ethylene, propylene, butylene and butadiene | $408.8M | 67.6% | Watch |
| 7 | 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $18.6B | 52.5% | Watch |
| 8 | 271113 | Petroleum gases and other gaseous hydrocarbons: liquefied, butanes | $404.8M | 21.7% | Stable |
| 9 | 720221 | Ferro-alloys: ferro-silicon, containing by weight more than 55% of silicon | $80.1M | 49.6% | Stable |
| 10 | 760120 | Aluminium: unwrought, alloys | $497.7M | 77% | Watch |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.