# Norway Export Playbook for Latin America and Caribbean

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> Yugalinks regional export playbook

Compare buyer markets, access conditions, and calculated product opportunities in Latin America and Caribbean. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.

## Navigation

- [Yugalinks home](https://www.yugalinks.com/)
- [Trade data](https://www.yugalinks.com/trade/)
- [Open country workspace](https://www.yugalinks.com/app/countries)
- [Data sources](https://www.yugalinks.com/data-sources)
- [Methodology](https://www.yugalinks.com/methodology)

## Overview

- Exporter: Norway (NOR)
- Region: Latin America and Caribbean
- Latest trade year: 2024
- Buyer markets: 10
- Calculated three-year opportunity: $78.4B
- Reported FTA markets: 6
- Average reported distance: 9,942 km
- Average business entry indicator: 41 days

## Market comparison

| Market | ISO3 | Opportunity | Products | FTA | Distance | Entry days | Top product |
| --- | --- | ---: | ---: | --- | ---: | ---: | --- |
| Brazil | BRA | $35.2B | 16 | Not reported | 10,641 km | 17 | Product not reported |
| Panama | PAN | $15.0B | 4 | Reported | 9,170 km | 6 | Commodities not specified according to kind |
| Chile | CHL | $9.2B | 2 | Reported | 12,747 km | 4 | Product not reported |
| Ecuador | ECU | $3.9B | 1 | Reported | 9,998 km | 49 | Product not reported |
| Peru | PER | $3.8B | 2 | Reported | 11,058 km | 26 | Product not reported |
| Colombia | COL | $3.3B | 2 | Reported | 9,337 km | 10 | Telephones for cellular networks or for other wireless networks |
| Venezuela | VEN | $3.2B | 1 | Not reported | 8,313 km | 230 | Product not reported |
| Paraguay | PRY | $1.9B | 1 | Not reported | 11,316 km | 35 | Telephones for cellular networks or for other wireless networks |
| Costa Rica | CRI | $1.6B | 1 | Reported | 9,323 km | 23 | Product not reported |
| Bahamas | BHS | $1.3B | 1 | Not reported | 7,517 km | 12 | Product not reported |

## Product and market opportunities

| Rank | Market | Product | Opportunity | Buyer growth | Current share |
| ---: | --- | --- | ---: | ---: | ---: |
| 1 | Chile (CHL) | HS 271019 - Product description unavailable | $7.2B | +13.8% | +0.0% |
| 2 | Panama (PAN) | HS 999999 - Commodities not specified according to kind | $7.0B | +10.3% | +0.1% |
| 3 | Brazil (BRA) | HS 271019 - Product description unavailable | $7.0B | +9.0% | +0.0% |
| 4 | Brazil (BRA) | HS 854140 - Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes | $4.3B | +17.9% | +0.0% |
| 5 | Ecuador (ECU) | HS 271019 - Product description unavailable | $3.9B | +12.6% | +0.0% |
| 6 | Panama (PAN) | HS 890190 - Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods | $3.4B | -0.0% | +1.2% |
| 7 | Venezuela (VEN) | HS 271012 - Product description unavailable | $3.2B | +17.9% | +3.7% |
| 8 | Panama (PAN) | HS 271019 - Product description unavailable | $3.0B | +9.8% | +0.0% |
| 9 | Peru (PER) | HS 271019 - Product description unavailable | $2.5B | +10.0% | +0.0% |
| 10 | Brazil (BRA) | HS 851712 - Telephones for cellular networks or for other wireless networks | $2.3B | +8.4% | +0.0% |
| 11 | Brazil (BRA) | HS 270900 - Oils: petroleum oils and oils obtained from bituminous minerals, crude | $2.1B | +3.9% | +1.3% |
| 12 | Brazil (BRA) | HS 271111 - Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas | $2.0B | +77.0% | +9.1% |
| 13 | Chile (CHL) | HS 851712 - Telephones for cellular networks or for other wireless networks | $2.0B | +14.6% | +0.0% |
| 14 | Brazil (BRA) | HS 890520 - Floating or submersible drilling or production platforms | $2.0B | +13.4% | +8.8% |
| 15 | Paraguay (PRY) | HS 851712 - Telephones for cellular networks or for other wireless networks | $1.9B | +16.6% | +0.1% |
| 16 | Brazil (BRA) | HS 310540 - Fertilizers, mineral or chemical: ammonium dihydrogenorthophosphate (monoammonium phosphate) and mixtures thereof with diammonium hydrogenorthophosphate (diammonium phosphate) | $1.8B | +12.9% | +0.0% |
| 17 | Brazil (BRA) | HS 271012 - Product description unavailable | $1.8B | +3.6% | +0.0% |
| 18 | Colombia (COL) | HS 851712 - Telephones for cellular networks or for other wireless networks | $1.7B | +9.4% | +0.0% |
| 19 | Brazil (BRA) | HS 380893 - Herbicides, anti-sprouting products and plant-growth regulators: not containing substances of 3808.50: put up in forms or packings for retail sale or as preparations or articles | $1.7B | +11.7% | +0.1% |
| 20 | Brazil (BRA) | HS 841191 - Turbines: parts of turbo-jets and turbo-propellers | $1.7B | +10.7% | +0.7% |

## Sector opportunities

| Sector | Products | Reported buyer imports | Opportunity | Average growth |
| --- | ---: | ---: | ---: | ---: |
| HS2 00 - HS2 sector 00 | 11 | $40.7B | $34.8B | +10.6% |
| HS2 85 - HS2 sector 85 | 8 | $15.1B | $16.6B | +12.5% |
| HS2 99 - HS2 sector 99 | 1 | $5.4B | $7.0B | +10.3% |
| HS2 89 - HS2 sector 89 | 2 | $7.4B | $5.3B | +6.7% |
| HS2 27 - HS2 sector 27 | 2 | $9.8B | $4.1B | +40.5% |
| HS2 31 - HS2 sector 31 | 2 | $3.7B | $3.0B | +11.4% |
| HS2 38 - HS2 sector 38 | 1 | $2.0B | $1.7B | +11.7% |
| HS2 84 - HS2 sector 84 | 1 | $2.0B | $1.7B | +10.7% |

## Frequently asked questions

### Should Norway focus on Latin America and Caribbean?

Use the market ranking as a starting point, then check product fit, buyer requirements, route costs, tariffs, standards, and competitive conditions.

### What does calculated opportunity mean?

It is a screening indicator built from demand and exporter-position signals. It is not a confirmed order, sales forecast, or guarantee of market entry.

### How should exporters use this page?

Prioritize one market and product combination, then validate buyers, compliance, logistics, pricing, and continuity before making a commercial decision.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.

Yugalinks presents derived views for research and planning. [Read the full methodology](https://www.yugalinks.com/methodology).

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [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.