Close

Monitor Report of NORWAY trade and NORWAY-China binational trade in 202009

 1.  Overview the trade of NORWAY in goods current year until 202009

According to Dalian Infobank, in 202009NORWAY's exports and imports of goods amounted to 14099.4303 million, and were down 4.70% comparing with the same period of last year. Among these, exports were down 9.60% at 6609.8537 million, and imports were up 0.09% at 7489.5767 million. And the corresponding trade deficit was 879.7230 million and up 414.48%.

During the current year until 202009, NORWAY's total exports and imports of goods were 119012.6037 million and were down 16.08% comparing to the same period of last year. Among these, exports were 60381.5370 million and down 21.28%; imports were 58631.0667 million and down 9.95%. The total trade surplus was 1750.4702 million and down 84.90%.

If considering by country (region), GERMANY, UNITED KINGDOM, SWEDEN, CHINA, NETHERLANDS were NORWAY's top five trading partners. During the current year until 202009, NORWAY's imports and exports to five countries/territories were 13539.3515 million, 13534.1078 million, 12405.6510 million, 11645.4116 million, 8489.2394 million. These values correspond to 11.38%, 11.37%, 10.42%, 9.79%, 7.13% of NORWAY's imports and exports, and, respectively, were down 28.10%, down 28.16%, down 7.25%, up 36.19%, down 21.32% comparing to the same period of last year.

Current year until 202009, NORWAY and the top five trade partners UNITED KINGDOM, GERMANY, NETHERLANDS, SWEDEN, CHINA are the top five countries/territories that NORWAY exports to in terms of the total export amount. During the current year until 202009, NORWAY's exports to these five countries/territories were 10315.7296 million, 6904.6099 million, 6426.0298 million, 6120.0901 million, 4746.8150 million. These values correspond to 17.08%, 11.43%, 10.64%, 10.14%, 7.86% of NORWAY's exports and, respectively, were down 34.09%, down 41.32%, down 22.91%, up 5.67%, up 119.96% comparing with the same period of last year.

Current year until 202009, NORWAY's exports to top five countries/territories CHINA, GERMANY, SWEDEN, UNITED STATES, DENMARK are the top five countries/territories that NORWAY imports from in terms of the total export amount. During the current year until 202009, NORWAY's imports from these five countries/territories were 6898.5966 million, 6634.7416 million, 6285.5609 million, 4117.1547 million, 3358.6606 million. These values correspond to 11.77%, 11.32%, 10.72%, 7.02%, 5.73% of NORWAY's total imports and, respectively, were up 7.91%, down 6.08%, down 17.13%, down 23.79%, down 10.78% comparing with the same period of last year.

During the current year until 202009, the trade surplus of NORWAY was mainly from UNITED KINGDOM, NETHERLANDS, BELGIUM, FRANCE, TURKEY at 7097.3514 million, 4362.8202 million, 1283.0526 million, 1111.7748 million, 359.5896 million, and down 43.06%, down 25.83%, down 44.23%, down 51.51%, down 695.92%. And the trade deficits were mainly from CHINA, UNITED STATES, CANADA, DENMARK, ITALY at 2151.7816 million, 1645.3622 million, 889.2725 million, 873.9960 million, 858.6546 million, and down 49.19%, down 9.48%, up 29.03%, up 181.98%, down 11.78%.

Current year until 202009, NORWAY's trade surplus or deficit with top five countries/territories During the current year until 202009,  commodities with hs2 codes, 27, 84, 03, 85, 87, were NORWAY's top five traded commodities. They correspond to the import and export values of 32582.3695 million, 11349.6884 million, 7967.6369 million, 7444.4942 million, 6969.8043 million, which were down 30.37%, down 8.01%, down 8.25%, down 13.53%, down 21.12% comparing with the same period of last year and account for 27.38%, 9.54%, 6.69%, 6.26%, 5.86% of NORWAY's total imports and exports.

During the current year until 202009, 27, 03, 84, 99, 76 were NORWAY's top five traded commodities, with total import and export values of 29957.6724 million, 7657.5897 million, 3002.9569 million, 2759.0988 million, 2466.5919 million. These values correspond to 49.61%, 12.68%, 4.97%, 4.57%, 4.09% of NORWAY's total exports and, respectively, were down 29.65%, down 8.51%, down 10.49%, down 17.19%, down 12.49% comparing to the same period of last year.

During the current year until 202009, 84, 87, 85, 73, 27 were NORWAY's top five traded commodities, with total import values of 8346.7315 million, 6305.6386 million, 5714.3273 million, 2982.2794 million, 2624.6971 million. These values correspond to 14.24%, 10.75%, 9.75%, 5.09%, 4.48% of NORWAY's total exports and, respectively, were down 7.09%, down 22.09%, down 11.31%, down 14.26%, down 37.72% comparing to the same period of last year.


2. Current year until 202009, NORWAY binational trade profile

According to Dalian Infobank, during the current year until 202009, NORWAY-China binational exports and imports of goods amounted to 11645.4116 million and were up 36.19% comparing with the same period of last year. Among these, exports from NORWAY to China were 4746.8150 million and up 119.96%, imports from China to NORWAY were 6898.5966 million and up 7.91%. The total binational trade deficit was 2151.7816 million and down 49.19%.

During the urrent year until 202009, commodities with hs2 code, 27, 85, 84, 29, 87, were binational trade's top five traded commodities. They correspond to import and export values of 3061.4828 million, 1903.7184 million, 1619.6626 million, 560.9209 million, 456.0747 million and makes up 26.29%, 16.35%, 13.91%, 4.82%, 3.92% of the total binational imports and exports. These values were also up 1130.77%, up 7.43%, up 3.70%, down 15.86%, up 108.42% comparing to the same period last year.

During the current year until 202009, 27, 29, 03, 84, 99 were the top five traded commodities exported to China from NORWAY, with export values of 3061.2841 million, 522.6649 million, 291.1886 million, 208.4246 million, 166.7625 million. These values account for 64.49%, 11.01%, 6.13%, 4.39%, 3.51% of NORWAY's total exports and were up 1149.93%, down 16.60%, down 29.74%, down 17.98%, down 5.49% comparing to the same period of last year.

During the current year until 202009, 85, 84, 87, 62, 94 were NORWAY's top five traded commodities importing from China , with import values of 1801.9499 million, 1411.2380 million, 436.9407 million, 431.0795 million, 395.1211 million. These values account for 26.12%, 20.46%, 6.33%, 6.25%, 5.73% of NORWAY's total imports and were up 4.79%, up 7.91%, up 121.37%, up 5.76%, up 0.83% comparing with the same period of last year.


3.Analysis of import and export trends


Data Source: Statistics Norway