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27 September 2024
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Key Indicators
Overview
Norway: Navigating Northern Trade Frontiers
Nestled in Northern Europe, Norway commands a unique position for trade with its fjords and maritime advantages. In 2024, it ranked 28 globally in GDP, showcasing a resilient and prosperous economy.
Introduction:
Norway, with a robust and high-income economy, relies significantly on imports to support its advanced industries such as oil and gas, maritime, and seafood. This reliance presents opportunities for global exporters in sectors where domestic production is insufficient.
Economic Overview:
Norway's economy is characterized by a mix of state ownership and free market, with major contributions from energy 2024, fisheries, and shipping. Although Norway is not a member of the European Union, it maintains close ties through the European Economic Area, facilitating significant trade relations. Imports are vital for sustaining high standards in consumer goods and technology.
Political and Regulatory Environment:
Norway boasts a stable political climate and a transparent regulatory framework, facilitating smooth import operations. Recent shifts towards more sustainable energy sources and technologies impact import needs, aligning with global environmental trends.
Opportunities and Challenges for Exporters:
Opportunities are present in exporting renewable energy technology, medical equipment, and automotive components. Exporters face challenges such as stringent environmental and safety standards, competitive local markets, and high labor costs.
Positives:
1. Strategic Maritime Position: Norway's extensive coastline and strategic position in Northern Europe contribute to its role as a maritime and shipping powerhouse, facilitating global trade.
2. Rich Energy Resources: Abundant in oil and natural gas, Norway's energy sector drives economic growth and supports exports, enhancing its trade dynamics.
3. Technological Innovation: A leader in technology and innovation, Norway's expertise in sectors like renewable energy and fisheries adds value to its global trade partnerships.
Negatives:
1. High Cost of Living: The relatively high cost of living may pose challenges for businesses and impact competitiveness in certain sectors.
2. Limited Agricultural Production: Norway's northern climate limits agricultural output, leading to dependence on imports for certain food products.
3. Oil Price Volatility: As a major oil exporter, Norway is susceptible to global oil price fluctuations, affecting its economic stability.
Norway import export data, including buyer and supplier names, is available on the Volza Platform.
Norway import export data, including buyer and supplier names, is available on the Volza Platform.
Imports:
In November 2023, Norway ranked 25th in global imports, with imports valued at 79.96 billion, representing a -15% growth from November 2022.From November 2023 to November 2024, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.
In 2024, imports totaled 79.96 billion, marking a -25% YOY growth from 2023. Sources of these imports were Germany, China, Sweden, USA, Netherlands, Denmark, United Kingdom, Poland, Italy, France. Imported products were Machinery and equipment, Vehicles and Parts, Electrical machinery and equipment other than railway or tramway. Suppliers were C O H M HENNES MAURITZ GBC AB, EFD INDUCTION LTD, and BEER STEN A S. Importers in Norway were Germany: 11.7%, China: 11.4%, and Sweden: 11.0%.
Top 10 Import Products:
- Cars (HS code: 8703) - Automotive industry needs.
- Machinery, including computers (HS code: 8471) - Technological upgrades.
- Electrical machinery (HS code: 8501) - Energy sector demands.
- Pharmaceuticals (HS code: 3004) - Healthcare sector supplies.
- Medical apparatus (HS code: 9018) - Advanced medical technology.
- Petroleum oils (HS code: 2710) - Despite being an oil exporter, imports refined varieties.
- Fish and seafood (HS code: 0304) - High-quality seafood imports.
- Aircraft and spacecraft (HS code: 8802) - Aviation industry components.
- Furniture (HS code: 9403) - Consumer market demand.
- Clothing (HS code: 6203) - Retail sector supply.
Top Buyers from Norway:
ULTIMADE NORDIC AS, TRELLEBORG CLERMONT FERRAND SAS, TESLA MOTORS NORWAY AS
Solution for Global Exporters:
For global exporters, utilizing Volza’s online import data for Norway can provide critical insights into market trends and buyer behaviors, aiding in navigating this lucrative but competitive market efficiently. Visit Volza to access comprehensive data and optimize your export strategies.
Import Database - Factsheet
Data Source- Detailed Mirror data
- Data Available From
- 01, Jan, 2019
Data Coverage- 40%
Last Shipment- 05, Aug, 2024
Source : Volza Import Data
Norway
Import Data
Import Data
4,157,540 Bill of Ladings, 27,790 Buyers & 26,256 Suppliers
Import
vs
Export
Jan-Dec 2023
Shipments
Data Source: VolzaImport Data
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Reach out to the Norway Import market Identify verified and active business partners in Norway
Norway Import Data
Product | Importers | Suppliers | Arrival Date |
|---|---|---|---|
100% ORGANIC COTTON KNITTED BOYS PANT W |   India | India | 30-04-2024 |
97% ORGANIC COTTON 3% ELASTHANE KNITTED | India | India | 30-04-2024 |
MANGOES | India | India | 30-04-2024 |
95% ORGANIC COTTON 5% ELASTHANE KNITTED | India | India | 30-04-2024 |
97% ORGANIC COTTON 3% ELASTHANE KNITTED | India | India | 30-04-2024 |
DIAGNOSTIC REAGENTS - Beta-2-Microg | India | 30-04-2024 |
Top 10 Importers
Norway Top 10 Importers
Within our Volza database, we possess comprehensive information about over 10 active importers in Norway. To assist you in identifying the leading importers in Norway, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Norway are companies like C O H M HENNES MAURITZ GBC AB, EFD INDUCTION LTD , and BEER STEN A S. These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.
Norway Top 10 Importers
| Rank | Importers | Shipments |
|---|---|---|
1 | 21,359 | |
2 | 15,484 | |
3 | 14,806 | |
4 | 11,439 | |
5 | 8,269 | |
6 | 5,449 | |
7 | 5,239 | |
8 | 4,660 | |
9 | 4,316 | |
10 | 3,782 |
Data Source : Volza Import Data
Top 10 Import Products
Norway Top 10 Import Products
As the Norway import data reveals, the nation's top import products for 2024 were prominently characterized by:- Cotton Knitting Yarn: 46.22%
- Used Steel: 29.76%
- Flat Sheet: 12.79%
- Iron Ring: 6.09%
- Glasses Box: 2.56%
- Agricultural Vehicle Tyre: 1.44%
- Aluminum Box: 1.00%
- Unpolished Granite Stone: 0.12%
- Induction Tube: 0.02%
- Outdoor Granite Tile: 0.00%
Norway Top 10 Import Products
| Rank | Import Products | Shipments |
|---|---|---|
1 | COTTON KNITTING YARN | 12,843,432 |
2 | Used Steel | 8,269,020 |
3 | FLAT SHEET | 3,554,425 |
4 | IRON RING | 1,691,360 |
5 | GLASSES BOX | 710,822 |
6 | Agricultural Vehicle Tyre | 400,278 |
7 | Aluminum Box | 278,287 |
8 | Unpolished Granite Stone | 32,724 |
9 | Induction Tube | 5,236 |
10 | Outdoor Granite Tile | 306 |
Data Source : Volza Import Data
Trading Partners
Top Trading Partners of Norway
Import Trading Partners
Export Trading Partners
Top 1 Import Trading Partners
Norway Top 1 Import Trading Partners
Norway trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 479,392).
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Norway had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Norway import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Norway’s major imports from India include Used Steel, COTTON KNITTING YARN, Aluminum Box, GLASSES BOX, FLAT SHEET, IRON RING, Agricultural Vehicle Tyre, Induction Tube, Unpolished Granite Stone, Outdoor Granite Tile, products. The provided chart below breaks down the values in percentile of Norway’s top 1 import partners for 2024.
Norway Top 1 Import Trading Partners
| Rank | Import Trading Partners | Shipments |
|---|
Data Source : Volza Import Data
Import Data Sample record
Norway Import Data Sample record
Norway import data covers all important shipping details that are essential for businesses to find importers in Norway, analyze market trends and identify potential industries. Norway trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Norway import data sample with complete number of fields available in data.
Norway Import Data Sample record
Wine of fresh grapes, including fortified wines; grape must other than that of heading 2009
- Date:
- 30 Apr 2024
- HS Code:
- 61034200
- Quantity:
- 1,740
- Quantity Unit:
- NOS
- Value FC:
- 7,917
- Value:
- HS Descirption:
- Men's or boys' suits, ensembles, jackets,blazers, trousers, bib and brace overalls, breeches and shorts (other than swim wear), knitted or crocheted
- Exporter:
- STEM APPARELS
- Importer:
- BARNAS HUS NORGE AS
Data Source : Volza Import Data
Norway Import Fields
S.No | Data Fields |
|---|---|
1 | |
2 | |
3 | |
4 | |
5 | |
6 | |
7 | |
8 | |
9 |
Total 72 Fields
Data Source : Volza Import Data
Top 10 Import Ports
Norway Top 10 Import Ports
Norway's global import trade operates through over 10 ports. Oslo stands as the predominant port, handling 276,945 import shipments, which constitutes a 62.24% market share. Aarhus follows with an 9.84% share, accounting for 43,772 shipments, while Stavanger contributes a 5.82% market share with its 25,900 shipments. For detailed import trade statistics of each port in Norway, refer to the provided links below. Collectively, these ports underscore the integrated nature of Norway's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Norway.
Norway Top 10 Import Ports
| Rank | Importers | Count |
|---|
Data Source : Volza Import Data
Import Bill of Lading
- Import Shipments of Norway
- 4,157,540
- Date
- 30-04-2024
- Shipper Name
- BARNAS HUS NORGE AS
- Consignee Name
- STEM APPARELS
- Weight Unit
- NOS
- Quantity
- 1,740
- Shipment Origin
- India
- Port of origin
- Tuticorin Sea