Norway (NOR) and Turkey (TUR) Trade | The Observatory of Economic Complexity

About

Norway-Turkey In 2022, Norway exported $1.28B to Turkey. The main products that Norway exported to Turkey are Crude Petroleum ($204M), Ferroalloys ($194M), and Insulated Wire ($102M). During the last 27 years the exports of Norway to Turkey have increased at an annualized rate of 10%, from $96.8M in 1995 to $1.28B in 2022.

In 2009, Norway exported services to Turkey worth $3.68M, with Transportation ($2.56M), Travel ($799k), and Insurance services ($319k) being the largest in terms of value.

Turkey-Norway In 2022, Turkey exported $799M to Norway. The main products that Turkey exported to Norway were Passenger and Cargo Ships ($160M), Fishing Ships ($86.3M), and Delivery Trucks ($55.7M). During the last 27 years the exports of Turkey to Norway have increased at an annualized rate of 9.3%, from $72.4M in 1995 to $799M in 2022.

In 2009, Turkey exported services to Norway worth $0, with 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, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK741M and imported NOK720M from Turkey, resulting in a positive trade balance of NOK21M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-1.58B (-68%) from NOK2.32B to NOK741M, while imports increased by NOK118M (19.7%) from NOK602M to NOK720M.

Trade In February 2024, the top exports of Norway to Turkey were Petroleum, petroleum products and related materials (NOK836M), Miscellaneous manufactured articles, n.e.s. (NOK134M), Animal oils and fats (NOK101M), General industrial machinery and equipment, n.e.s.,... (NOK78.3M), and Fish (not marine mammals), crustaceans, molluscs... (NOK67.7M). In February 2024 the top imports of Norway from Turkey were Articles of apparel and clothing accessories (NOK180M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK68.3M), Road vehicles (including air-cushion vehicles) (NOK68.1M), Manufactures of metals, n.e.s. (NOK58.5M), and Iron and steel (NOK40.5M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Chemical materials and products, n.e.s. (NOK-110M or -94.9%), Paper, paperboard and articles of paper... (NOK-21M or -96.4%), and Non-ferrous metals (NOK-17.6M or -70.9%). In February 2024, the increase in Norway's year-by-year imports from Turkey was explained primarily by an increase in product imports in Road vehicles (including air-cushion vehicles) (NOK44.9M or 193%), Iron and steel (NOK36.1M or 809%), and Manufactures of metals, n.e.s. (NOK30.3M or 108%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-1.58B(-68%)

IMPORT GROWTH (February 2023 - February 2024)NOK118M(19.7%)

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 Turkey 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 $1.28B to Turkey. The main products exported from Norway to Turkey were Crude Petroleum ($204M), Ferroalloys ($194M), and Insulated Wire ($102M). During the last 27 years the exports of Norway to Turkey have increased at an annualized rate of 10%, from $96.8M in 1995 to $1.28B in 2022.

In 2022, Turkey exported $799M to Norway. The main products exported from Turkey to Norway were Passenger and Cargo Ships ($160M), Fishing Ships ($86.3M), and Delivery Trucks ($55.7M). During the last 27 years the exports of Turkey to Norway have increased at an annualized rate of 9.3%, from $72.4M in 1995 to $799M in 2022.

Exports from Norway () to Turkey () (2022)

Exports from Turkey () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Turkey
Top DestinationGermany$21.9B

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

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

In 2021, countries that imported more from Turkey than Norway were Iraq ($13.7B), United States ($17.1B), and Russia ($9.24B).

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

Comparative Advantage Norway - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Turkey in the exports of Machines ($297M), Mineral Products ($240M), and Metals ($230M).

During 2022, Turkey had a large net trade with Norway in the exports of Transportation ($365M), Metals ($91M), and Machines ($83.9M).

Service Trade

Bilateral Service Trade

Tur Year

2009

2008

Nor Year

In 2009, Norway exported services to Turkey worth $3.68M, with Transportation ($2.56M), Travel ($799k), and Insurance services ($319k) being the largest in terms of value.

In 2009, Turkey exported services to Norway worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

Exports from Turkey () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Turkey

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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