Norway (NOR) and Finland (FIN) Trade | The Observatory of Economic Complexity

About

Norway-Finland In 2022, Norway exported $6.36B to Finland. The main products that Norway exported to Finland are Crude Petroleum ($5.05B), Non-fillet Fresh Fish ($176M), and Ferroalloys ($126M). During the last 27 years the exports of Norway to Finland have increased at an annualized rate of 6.16%, from $1.27B in 1995 to $6.36B in 2022.

In 2009, Norway exported services to Finland worth $865M, with Other business services ($374M), Travel ($195M), and Transportation ($138M) being the largest in terms of value.

Finland-Norway In 2022, Finland exported $2.35B to Norway. The main products that Finland exported to Norway were Nickel Mattes ($269M), Rubber Tires ($92.3M), and Electrical Transformers ($71.9M). During the last 27 years the exports of Finland to Norway have increased at an annualized rate of 2.35%, from $1.25B in 1995 to $2.35B in 2022.

In 2020, Finland exported services to Norway worth $700M, with Computer and information services ($308M), Other business services ($163M), and Transportation ($132M) 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, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK4.52B and imported NOK1.85B from Finland, resulting in a positive trade balance of NOK2.67B. Between February 2023 and February 2024 the exports of Norway have increased by NOK497M (12.3%) from NOK4.02B to NOK4.52B, while imports increased by NOK250M (15.7%) from NOK1.6B to NOK1.85B.

Trade In February 2024, the top exports of Norway to Finland were Petroleum, petroleum products and related materials (NOK3.99B), Fish (not marine mammals), crustaceans, molluscs... (NOK142M), Iron and steel (NOK131M), Non-ferrous metals (NOK105M), and Miscellaneous manufactured articles, n.e.s. (NOK54.4M). In February 2024 the top imports of Norway from Finland were Metalliferous ores and metal scrap (NOK323M), Machinery specialized for particular industries (NOK195M), Road vehicles (including air-cushion vehicles) (NOK178M), Manufactures of metals, n.e.s. (NOK132M), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK113M).

Growth In February 2024, the increase in Norway's year-by-year exports to Finland was explained primarily by an increase in product exports in Petroleum, petroleum products and related materials (NOK2.61B or 188%), Miscellaneous manufactured articles, n.e.s. (NOK33.6M or 161%), and Inorganic chemicals (NOK25.5M or 585%). In February 2024, the increase in Norway's year-by-year imports from Finland was explained primarily by an increase in product imports in Metalliferous ores and metal scrap (NOK308M or 2.03k%), Machinery specialized for particular industries (NOK56.2M or 40.4%), and Manufactures of metals, n.e.s. (NOK44.9M or 51.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK497M(12.3%)

IMPORT GROWTH (February 2023 - February 2024)NOK250M(15.7%)

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 Finland and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Norway Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $6.36B to Finland. The main products exported from Norway to Finland were Crude Petroleum ($5.05B), Non-fillet Fresh Fish ($176M), and Ferroalloys ($126M). During the last 27 years the exports of Norway to Finland have increased at an annualized rate of 6.16%, from $1.27B in 1995 to $6.36B in 2022.

In 2022, Finland exported $2.35B to Norway. The main products exported from Finland to Norway were Nickel Mattes ($269M), Rubber Tires ($92.3M), and Electrical Transformers ($71.9M). During the last 27 years the exports of Finland to Norway have increased at an annualized rate of 2.35%, from $1.25B in 1995 to $2.35B in 2022.

Exports from Norway () to Finland () (2022)

Exports from Finland () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Finland
Top DestinationGermany$9.99B

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

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

In 2021, countries that imported more from Finland than Norway were United States ($9.17B), Estonia ($3.58B), and Russia ($2.14B).

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

Comparative Advantage Norway - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Finland in the exports of Mineral Products ($5.22B), Metals ($436M), and Animal Products ($224M).

During 2022, Finland had a large net trade with Norway in the exports of Metals ($568M), Machines ($506M), and Transportation ($310M).

Service Trade

Bilateral Service Trade

Fin Year

Nor Year

In 2009, Norway exported services to Finland worth $865M, with Other business services ($374M), Travel ($195M), and Transportation ($138M) being the largest in terms of value.

In 2020, Finland exported services to Norway worth $700M, with Computer and information services ($308M), Other business services ($163M), and Transportation ($132M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland () 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 Finland. Similarly, the more yellow a dot/product is, the more Finland has comparative advantage over Norway.

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Norway () to Finland () (2022)

Exports from Finland () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Finland

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

Keep Exploring