Norway (NOR) and Denmark (DNK) Trade | The Observatory of Economic Complexity

About

Norway-Denmark In 2022, Norway exported $6.43B to Denmark. The main products that Norway exported to Denmark are Electricity ($1.35B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($926M). During the last 27 years the exports of Norway to Denmark have increased at an annualized rate of 4.05%, from $2.2B in 1995 to $6.43B in 2022.

In 2009, Norway exported services to Denmark worth $2.71B, with Other business services ($942M), Travel ($633M), and Transportation ($486M) being the largest in terms of value.

Denmark-Norway In 2022, Denmark exported $6.53B to Norway. The main products that Denmark exported to Norway were Electricity ($370M), Other Furniture ($338M), and Refined Petroleum ($245M). During the last 27 years the exports of Denmark to Norway have increased at an annualized rate of 3.23%, from $2.77B in 1995 to $6.53B in 2022.

In 2020, Denmark exported services to Norway worth $3.74B, with Transportation ($1.27B), Other business services ($964M), and Computer and information services ($627M) being the largest in terms of value.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Denmark ranked 23 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK5.8B and imported NOK3.62B from Denmark, resulting in a positive trade balance of NOK2.18B. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-1.53B (-20.9%) from NOK7.33B to NOK5.8B, while imports increased by NOK440M (13.8%) from NOK3.18B to NOK3.62B.

Trade In February 2024, the top exports of Norway to Denmark were Gas, natural and manufactured (NOK4.3B), Petroleum, petroleum products and related materials (NOK1.15B), Fish (not marine mammals), crustaceans, molluscs... (NOK1.07B), Electric current (NOK437M), and Non-ferrous metals (NOK109M). In February 2024 the top imports of Norway from Denmark were Electric current (NOK429M), General industrial machinery and equipment, n.e.s.,... (NOK290M), Furniture, and parts thereof; bedding, mattresses,... (NOK246M), Manufactures of metals, n.e.s. (NOK227M), and Miscellaneous manufactured articles, n.e.s. (NOK176M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Denmark was explained primarily by an decrease in product exports in Non-ferrous metals (NOK-129M or -54.1%), Electric current (NOK-30.5M or -6.51%), and Other transport equipment (NOK-20.6M or -71.8%). In February 2024, the increase in Norway's year-by-year imports from Denmark was explained primarily by an increase in product imports in Animal oils and fats (NOK122M or 604%), General industrial machinery and equipment, n.e.s.,... (NOK87.1M or 42.8%), and Machinery specialized for particular industries (NOK48.1M or 40%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-1.53B(-20.9%)

IMPORT GROWTH (February 2023 - February 2024)NOK440M(13.8%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Denmark and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $6.43B to Denmark. The main products exported from Norway to Denmark were Electricity ($1.35B), Non-fillet Fresh Fish ($1.08B), and Crude Petroleum ($926M). During the last 27 years the exports of Norway to Denmark have increased at an annualized rate of 4.05%, from $2.2B in 1995 to $6.43B in 2022.

In 2022, Denmark exported $6.53B to Norway. The main products exported from Denmark to Norway were Electricity ($370M), Other Furniture ($338M), and Refined Petroleum ($245M). During the last 27 years the exports of Denmark to Norway have increased at an annualized rate of 3.23%, from $2.77B in 1995 to $6.53B in 2022.

Exports from Norway () to Denmark () (2022)

Exports from Denmark () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Denmark
Top DestinationGermany$18.9B

This map shows whether countries import more from Norway or Denmark. Each country is colored based on the difference in imports they receive from Norway and Denmark or the difference in the growth in imports.

In 2021, countries that imported more from Norway than Denmark were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Denmark than Norway were United States ($13.1B), Japan ($2.28B), and Australia ($1.27B).

Difference in imports from Denmark () and Norway () (2022)

Comparative Advantage Norway - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Norway and Denmark by product, considering products traded by both, Norway and Denmark.

During 2022, Norway had a large net trade with Denmark in the exports of Mineral Products ($3.13B), Animal Products ($1.26B), and Metals ($645M).

During 2022, Denmark had a large net trade with Norway in the exports of Machines ($1.28B), Mineral Products ($817M), and Chemical Products ($641M).

Service Trade

Bilateral Service Trade

Dnk Year

Nor Year

In 2009, Norway exported services to Denmark worth $2.71B, with Other business services ($942M), Travel ($633M), and Transportation ($486M) being the largest in terms of value.

In 2020, Denmark exported services to Norway worth $3.74B, with Transportation ($1.27B), Other business services ($964M), and Computer and information services ($627M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway () to Denmark () (2009)

Services Exports from Denmark () to Norway () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Denmark. Similarly, the more yellow a dot/product is, the more Denmark has comparative advantage over Norway.

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Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Denmark () (2022)

Exports from Denmark () to Norway () (2022)

Market Competitiveness

Difference in imports from Denmark () and Norway () (2022)

Comparative Advantage Norway - Denmark

Service Trade

Bilateral Service Trade

Services Exports from Norway () to Denmark () (2009)

Services Exports from Denmark () to Norway () (2020)

Economic Complexity

Competitive Landscape

Product Space of Norway () and Denmark () (2022)

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