Norway (NOR) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

About

Norway-Hong Kong In 2022, Norway exported $296M to Hong Kong. The main products that Norway exported to Hong Kong are Non-fillet Fresh Fish ($110M), Raw Nickel ($85.9M), and Fish Fillets ($15.8M). During the last 27 years the exports of Norway to Hong Kong have increased at an annualized rate of 1.67%, from $189M in 1995 to $296M in 2022.

In 2010, Norway exported services to Hong Kong worth $49.4M, with Services not allocated ($25.4M), Computer and information services ($21.4M), and Transportation ($2.67M) being the largest in terms of value.

Hong Kong-Norway In 2022, Hong Kong exported $169M to Norway. The main products that Hong Kong exported to Norway were Buses ($28.8M), Computers ($9.12M), and Jewellery ($8.23M). During the last 27 years the exports of Hong Kong to Norway have decreased at an annualized rate of 1.13%, from $230M in 1995 to $169M in 2022.

In 2022, Hong Kong did not export any services to Norway.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Hong Kong ranked 26 in the Economic Complexity Index (ECI 0.99), and 39 in total exports ($113B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK260M and imported NOK72.3M from Hong Kong, resulting in a positive trade balance of NOK188M. Between February 2023 and February 2024 the exports of Norway have increased by NOK72.3M (38.5%) from NOK188M to NOK260M, while imports decreased by NOK-152M (-67.7%) from NOK224M to NOK72.3M.

Trade In February 2024, the top exports of Norway to Hong Kong were Fish (not marine mammals), crustaceans, molluscs... (NOK110M), Plastics in primary forms (NOK20.8M), Medicinal and pharmaceutical products (NOK7.35M), Professional, scientific and controlling instruments and... (NOK5.76M), and Miscellaneous edible products and preparations (NOK5.27M). In February 2024 the top imports of Norway from Hong Kong were Office machines and automatic data-processing machines (NOK28.4M), Miscellaneous manufactured articles, n.e.s. (NOK14.1M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK10.7M), Iron and steel (NOK8.23M), and Articles of apparel and clothing accessories (NOK5.99M).

Growth In February 2024, the increase in Norway's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK42M or 62.2%), Plastics in primary forms (NOK20.8M or 417k%), and Medicinal and pharmaceutical products (NOK7.24M or 6.47k%). In February 2024, the decrease in Norway's year-by-year imports from Hong Kong was explained primarily by an decrease in product imports in Footwear (NOK-6.49M or -88.7%), Non-ferrous metals (NOK-6.06M or -99.9%), and General industrial machinery and equipment, n.e.s.,... (NOK-3.9M or -93.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK72.3M(38.5%)

IMPORT GROWTH (February 2023 - February 2024)NOK-152M(-67.7%)

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 Hong Kong 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 $296M to Hong Kong. The main products exported from Norway to Hong Kong were Non-fillet Fresh Fish ($110M), Raw Nickel ($85.9M), and Fish Fillets ($15.8M). During the last 27 years the exports of Norway to Hong Kong have increased at an annualized rate of 1.67%, from $189M in 1995 to $296M in 2022.

In 2022, Hong Kong exported $169M to Norway. The main products exported from Hong Kong to Norway were Buses ($28.8M), Computers ($9.12M), and Jewellery ($8.23M). During the last 27 years the exports of Hong Kong to Norway have decreased at an annualized rate of 1.13%, from $230M in 1995 to $169M in 2022.

Exports from Norway () to Hong Kong () (2022)

Exports from Hong Kong () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Hong Kong
Top DestinationChina$23.4B

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

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

In 2021, countries that imported more from Hong Kong than Norway were China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong () and Norway () (2022)

Comparative Advantage Norway - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Hong Kong in the exports of Animal Products ($136M), Metals ($98.4M), and Machines ($22.1M).

During 2022, Hong Kong had a large net trade with Norway in the exports of Machines ($50.2M), Transportation ($31.2M), and Miscellaneous ($15.3M).

Service Trade

Bilateral Service Trade

Nor Year

In 2010, Norway exported services to Hong Kong worth $49.4M, with Services not allocated ($25.4M), Computer and information services ($21.4M), and Transportation ($2.67M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway () to Hong Kong () (2010)

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 Hong Kong. Similarly, the more yellow a dot/product is, the more Hong Kong 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 Hong Kong () (2022)

Exports from Hong Kong () to Norway () (2022)

Market Competitiveness

Difference in imports from Hong Kong () and Norway () (2022)

Comparative Advantage Norway - Hong Kong

Service Trade

Bilateral Service Trade

Services Exports from Norway () to Hong Kong () (2010)

Economic Complexity

Competitive Landscape

Product Space of Norway () and Hong Kong () (2022)

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