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2022
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Exports $44.5MRnk 78 / 209
2022
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Top Product $6.59MFerroalloys
2022
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Exports $124MRnk 26 / 196
2022
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Top Product $37.4MIron Blocks
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
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GDP GROWTH37.6%CURRENT US$
Rnk 87 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$126,426CURRENT US$
Rnk 1 / 186
2012-2022
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GDP PC GROWTH12.3%CURRENT US$
Rnk 108 / 186

About

Norway-Luxembourg In 2022, Norway exported $44.5M to Luxembourg. The main products that Norway exported to Luxembourg are Ferroalloys ($6.59M), Weapons Parts and Accessories ($4.88M), and Telephones ($3.35M). During the last 23 years the exports of Norway to Luxembourg have increased at an annualized rate of 1.56%, from $31.2M in 1999 to $44.5M in 2022.

In 2009, Norway exported services to Luxembourg worth $143M, with Transportation ($92.2M), Other business services ($38.2M), and Computer and information services ($5.27M) being the largest in terms of value.

Luxembourg-Norway In 2022, Luxembourg exported $124M to Norway. The main products that Luxembourg exported to Norway were Iron Blocks ($37.4M), Iron Sheet Piling ($33M), and Semi-Finished Iron ($5.09M). During the last 23 years the exports of Luxembourg to Norway have increased at an annualized rate of 8.45%, from $19.2M in 1999 to $124M in 2022.

In 2020, Luxembourg exported services to Norway worth $54.8M, with Other business services ($33.1M), Transportation ($20.6M), and Travel ($1.14M) 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, Luxembourg ranked 78 in total exports ($20.5B), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Norway exported NOK54M and imported NOK39.5M from Luxembourg, resulting in a positive trade balance of NOK14.5M. Between March 2023 and March 2024 the exports of Norway have decreased by NOK-13.3M (-19.8%) from NOK67.3M to NOK54M, while imports decreased by NOK-59.9M (-60.2%) from NOK99.4M to NOK39.5M.

Trade In March 2024, the top exports of Norway to Luxembourg were Miscellaneous manufactured articles, n.e.s. (NOK17.5M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK5.11M), Telecommunications and sound-recording and reproducing apparatus... (NOK4.87M), Plastics in primary forms (NOK2.51M), and Fish (not marine mammals), crustaceans, molluscs... (NOK1.54M). In March 2024 the top imports of Norway from Luxembourg were Iron and steel (NOK24.9M), Miscellaneous manufactured articles, n.e.s. (NOK12M), General industrial machinery and equipment, n.e.s.,... (NOK3.36M), Road vehicles (including air-cushion vehicles) (NOK2.99M), and Cereals and cereal preparations (NOK2.92M).

Growth In March 2024, the decrease in Norway's year-by-year exports to Luxembourg was explained primarily by an decrease in product exports in General industrial machinery and equipment, n.e.s.,... (NOK-1.12M or -85.4%), Iron and steel (NOK-492k or -98%), and Professional, scientific and controlling instruments and... (NOK-304k or -58.9%). In March 2024, the decrease in Norway's year-by-year imports  from Luxembourg was explained primarily by an decrease in product imports  in Iron and steel (NOK-32.6M or -56.7%), Manufactures of metals, n.e.s. (NOK-2.29M or -70.3%), and Machinery specialized for particular industries (NOK-594k or -93.7%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (March 2023 - March 2024)NOK-13.3M(-19.8%)
IMPORT GROWTH (March 2023 - March 2024)NOK-59.9M(-60.2%)

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 Luxembourg and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $44.5M to Luxembourg. The main products exported from Norway to Luxembourg were Ferroalloys ($6.59M), Weapons Parts and Accessories ($4.88M), and Telephones ($3.35M). During the last 23 years the exports of Norway to Luxembourg have increased at an annualized rate of 1.56%, from $31.2M in 1999 to $44.5M in 2022.

In 2022, Luxembourg exported $124M to Norway. The main products exported from Luxembourg to Norway were Iron Blocks ($37.4M), Iron Sheet Piling ($33M), and Semi-Finished Iron ($5.09M). During the last 23 years the exports of Luxembourg to Norway have increased at an annualized rate of 8.45%, from $19.2M in 1999 to $124M in 2022.

Exports from Norway (Flag) to Luxembourg (Flag) (2022)

Exports from Luxembourg (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Luxembourg
Top DestinationGermany$4.15B

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

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

In 2021, countries that imported more from Luxembourg than Norway were Hong Kong ($628M), Austria ($632M), and Oman ($263M).

Difference in imports from Luxembourg (Flag) and Norway (Flag) (2022)

Comparative Advantage Norway - Luxembourg

Flow
Scale

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

During 2022, Norway had a large net trade with Luxembourg in the exports of Machines ($13.2M), Metals ($8.61M), and Animal Products ($8.39M).

During 2022, Luxembourg had a large net trade with Norway in the exports of Metals ($83.7M), Plastics and Rubbers ($9.54M), and Machines ($8.8M).

Service Trade

Bilateral Service Trade

In 2009, Norway exported services to Luxembourg worth $143M, with Transportation ($92.2M), Other business services ($38.2M), and Computer and information services ($5.27M) being the largest in terms of value.

In 2020, Luxembourg exported services to Norway worth $54.8M, with Other business services ($33.1M), Transportation ($20.6M), and Travel ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Luxembourg (Flag) (2009)

Services Exports from Luxembourg (Flag) to Norway (Flag) (2020)

Economic Complexity

Competitive Landscape

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 Luxembourg. Similarly, the more yellow a dot/product is, the more Luxembourg has comparative advantage over Norway.

Product Space of Norway (Flag) and Luxembourg (Flag) (2022)

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