Exporter Rank

32 / 138

Importer Rank

30 / 138

Trade Balance Rank

32 / 138

Total Trade [1]

Total Exports (2021) $189,845,173,844
Total Imports (2021) $187,116,441,913
Trade Balance (2021) $2,728,731,931
Exports of goods and services (% of GDP) (2022) [2] 52.59%
Imports of goods and services (% of GDP) (2022) [2] 50.16%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Norway $20,252,411,217
Germany $19,463,155,904
United States $15,304,041,150
Denmark $14,697,312,135
Finland $13,455,785,530
United Kingdom $10,462,236,567
Netherlands $9,539,303,291
China $7,830,668,921
France $7,630,679,227
Poland $7,231,196,073

Import Partners

Top 10 Import Countries

Country Import USD$
Germany $31,822,085,071
Norway $19,039,094,618
Netherlands $18,802,378,107
Denmark $12,971,748,964
China $12,802,809,105
Poland $8,842,534,052
Finland $8,376,775,312
Belgium $8,261,705,027
France $7,107,989,549
Italy $6,611,054,115

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

Top 10 Export Goods

HS Code Export USD$
(84) Industrial Machinery $27,042,735,198
(87) Motor Vehicles & Parts $23,446,483,889
(85) Electrical Machinery $17,281,435,854
(27) Oil & Mineral Fuels $13,190,578,365
(30) Pharmaceuticals $11,226,527,928
(48) Paper $9,187,971,221
(72) Iron & Steel $8,072,934,856
(99) Items nesoi $7,308,154,255
(39) Plastics $6,901,571,524
(44) Wood $6,596,189,892

Top 10 Import Goods

HS Code Import USD$
(84) Industrial Machinery $24,008,860,076
(85) Electrical Machinery $23,503,622,369
(87) Motor Vehicles & Parts $19,380,716,858
(27) Oil & Mineral Fuels $18,256,463,751
(99) Items nesoi $8,966,678,131
(39) Plastics $6,743,359,734
(30) Pharmaceuticals $5,916,153,806
(72) Iron & Steel $5,770,883,908
(03) Seafood $5,200,800,674
(90) Precision Instruments $4,936,170,313

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
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