Norway (NOR) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Norway-Estonia In 2022, Norway exported $234M to Estonia. The main products that Norway exported to Estonia are Non-fillet Fresh Fish ($44.3M), Delivery Trucks ($33.2M), and Broadcasting Equipment ($23.5M). During the last 27 years the exports of Norway to Estonia have increased at an annualized rate of 7.65%, from $31.9M in 1995 to $234M in 2022.

In 2009, Norway exported services to Estonia worth $20.1M, with Travel ($8.15M), Financial services ($5.75M), and Other business services ($3.68M) being the largest in terms of value.

Estonia-Norway In 2022, Estonia exported $792M to Norway. The main products that Estonia exported to Norway were Prefabricated Buildings ($106M), Refined Petroleum ($88.5M), and Wood Carpentry ($69.6M). During the last 27 years the exports of Estonia to Norway have increased at an annualized rate of 11.2%, from $45.4M in 1995 to $792M in 2022.

In 2020, Estonia exported services to Norway worth $169M, with Transportation ($69.2M), Construction services ($45.1M), and Other business services ($31.9M) being the largest in terms of value.

Comparison In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Norway exported NOK255M and imported NOK476M from Estonia, resulting in a negative trade balance of NOK220M. Between March 2023 and March 2024 the exports of Norway have decreased by NOK-30.3M (-10.6%) from NOK286M to NOK255M, while imports decreased by NOK-232M (-32.8%) from NOK708M to NOK476M.

Trade In March 2024, the top exports of Norway to Estonia were Road vehicles (including air-cushion vehicles) (NOK41.2M), Fish (not marine mammals), crustaceans, molluscs... (NOK28.3M), Telecommunications and sound-recording and reproducing apparatus... (NOK18.1M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK10.7M), and Cork and wood manufactures (excluding furniture) (NOK6.92M). In March 2024 the top imports of Norway from Estonia were Prefabricated buildings; sanitary, plumbing, heating and... (NOK67.8M), Cork and wood manufactures (excluding furniture) (NOK54.8M), Cork and wood (NOK47.3M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK42.2M), and Manufactures of metals, n.e.s. (NOK37.8M).

Growth In March 2024, the decrease in Norway's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-16.3M or -94.7%), Telecommunications and sound-recording and reproducing apparatus... (NOK-5.54M or -23.4%), and Road vehicles (including air-cushion vehicles) (NOK-4.71M or -10.3%). In March 2024, the decrease in Norway's year-by-year imports from Estonia was explained primarily by an decrease in product imports in Prefabricated buildings; sanitary, plumbing, heating and... (NOK-12.2M or -15.3%), Cork and wood manufactures (excluding furniture) (NOK-5.19M or -8.64%), and Furniture, and parts thereof; bedding, mattresses,... (NOK-5.15M or -12.5%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK-30.3M(-10.6%)

IMPORT GROWTH (March 2023 - March 2024)NOK-232M(-32.8%)

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 Estonia 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 $234M to Estonia. The main products exported from Norway to Estonia were Non-fillet Fresh Fish ($44.3M), Delivery Trucks ($33.2M), and Broadcasting Equipment ($23.5M). During the last 27 years the exports of Norway to Estonia have increased at an annualized rate of 7.65%, from $31.9M in 1995 to $234M in 2022.

In 2022, Estonia exported $792M to Norway. The main products exported from Estonia to Norway were Prefabricated Buildings ($106M), Refined Petroleum ($88.5M), and Wood Carpentry ($69.6M). During the last 27 years the exports of Estonia to Norway have increased at an annualized rate of 11.2%, from $45.4M in 1995 to $792M in 2022.

Exports from Norway () to Estonia () (2022)

Exports from Estonia () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Estonia
Top DestinationFinland$3B

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

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

In 2021, countries that imported more from Estonia than Norway were Latvia ($2.77B), Russia ($1.38B), and Uzbekistan ($94.3M).

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

Comparative Advantage Norway - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Estonia in the exports of Machines ($51.5M), Animal Products ($51M), and Transportation ($39.2M).

During 2022, Estonia had a large net trade with Norway in the exports of Miscellaneous ($181M), Wood Products ($149M), and Machines ($102M).

Service Trade

Bilateral Service Trade

Est Year

Nor Year

In 2009, Norway exported services to Estonia worth $20.1M, with Travel ($8.15M), Financial services ($5.75M), and Other business services ($3.68M) being the largest in terms of value.

In 2020, Estonia exported services to Norway worth $169M, with Transportation ($69.2M), Construction services ($45.1M), and Other business services ($31.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Estonia () (2022)

Exports from Estonia () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Estonia

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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