Exporter Rank

32 / 127

Importer Rank

30 / 127

Trade Balance Rank

36 / 127

Total Trade [1]

Total Exports (2019) $160,568,108,013
Total Imports (2019) $158,958,869,495
Trade Balance (2019) $1,609,238,518
Exports of goods and services (% of GDP) (2020) [2] 44.23%
Imports of goods and services (% of GDP) (2020) [2] 39.85%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Norway $16,985,987,525
Germany $16,429,937,874
United States $12,246,884,363
Finland $11,446,304,183
Denmark $11,069,419,323
United Kingdom $8,426,162,897
Netherlands $8,335,939,968
China $7,538,787,812
France $6,344,127,874
Belgium $6,287,297,931

Import Partners

Top 10 Import Countries

Country Import USD$
Germany $28,256,042,788
Netherlands $15,020,050,007
Norway $14,637,290,727
Denmark $10,494,800,369
China $8,229,672,195
Finland $7,784,255,512
United Kingdom $7,223,925,141
Belgium $6,940,384,986
Poland $6,680,915,628
France $5,994,537,019

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(84) Industrial Machinery $24,315,321,773
(87) Motor Vehicles & Parts $22,897,080,047
(85) Electrical Machinery $14,052,558,341
(30) Pharmaceuticals $10,233,773,598
(27) Oil & Mineral Fuels $10,216,786,078
(48) Paper $8,583,634,249
(72) Iron & Steel $6,565,762,575
(99) Items nesoi $6,126,877,079
(39) Plastics $5,375,596,842
(03) Seafood $4,344,204,045

Top 10 Import Goods

HS Code Import USD$
(84) Industrial Machinery $20,125,315,461
(85) Electrical Machinery $18,760,004,714
(87) Motor Vehicles & Parts $18,257,511,329
(27) Oil & Mineral Fuels $16,774,283,609
(99) Items nesoi $6,922,032,760
(39) Plastics $5,389,070,561
(03) Seafood $4,873,361,598
(30) Pharmaceuticals $4,848,132,243
(72) Iron & Steel $4,412,834,917
(90) Precision Instruments $4,048,281,855

Sources:

  1. UN Comtrade (2019) except where stated otherwise.
  2. The World Bank. Accessed: 10/4/2021
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