# Norway exports to South Korea: Trade Route Risk | Yugalinks

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

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

## Route overview

In 2024, Norway reported $1.3B in goods exports to South Korea. The overall review level is High 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 | $1.3B | 2024 route total |
| Exports needing review | 68.6% | Share of route exports |
| Highest-priority products | 1 | Need the closest review |
| Products needing review | 43 | High-attention product types |
| Export volatility | 1.2 | Higher means bigger yearly swings |
| Below highest year | 42.8% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 030214 | Fish: fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 | $237.6M | 10.2% | High attention |
| 2 | 270900 | Oils: petroleum oils and oils obtained from bituminous minerals, crude | $76.4B | 93.5% | High attention |
| 3 | 030441 | Fish fillets: fresh or chilled, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic (Salmo salar), Danube (Hucho hucho) | $138.0M | 0% | High attention |
| 4 | 030354 | Fish: frozen, mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 | $100.7M | 0% | High attention |
| 5 | 841370 | Pumps: centrifugal, n.e.c. in heading no. 8413, for liquids | $370.7M | 73.5% | Watch |
| 6 | 711021 | Metals: palladium, unwrought or in powder form | $404.0M | 78.3% | High attention |
| 7 | 903290 | Regulating or controlling instruments and apparatus: automatic, parts and accessories | $161.2M | 74.2% | High attention |
| 8 | 750210 | Nickel: unwrought, not alloyed | $808.0M | 71.6% | Watch |
| 9 | 848180 | Taps, cocks, valves and similar appliances: for pipes, boiler shells, tanks, vats or the like, including thermostatically controlled valves | $1.6B | 31.8% | Stable |
| 10 | 903289 | Regulating or controlling instruments and apparatus: automatic, other than hydraulic or pneumatic | $917.5M | 65.4% | 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.