International Trade in Norway

International Trade in Norway

After fifteen years of a strong growth (more than 5% in average annually), Norway has been touched by the global economy recession; however, the decline in production was less severe than in other countries.  In 2009, the growth was slightly negative (-1.4%), a limited contraction by the... Read more

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Market Analyses About Norway (32)

Import and Export Services in Norway (534)

  • High Beam Global

    High Beam Global

    Market Research, Norway

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...
  • Airsped


    Freight Forwarder, Norway

    Established 1983, Airsped is an IATA air cargo agent serving all global destinations. We have a 5000m2 customs-bonded 3PL warehouse and...

Business Tips About Norway (12)

Agents and Distributors in Norway (16)

  • XL Group, Inc.

    XL Group, Inc.

    Distributors, Norway

    XL Group buys products from small & medium manufacturers and resells them overseas by partnering with importer / wholesalers and...


    Metal Sales and Distribution, Norway

    sunnyofsteel at g m a i l c o m Excellent in nickel monel inconel incoloy hastelloy duplex stainless steel pipe tube flange flanges...

Overview About International Trade in Norway

Main Industry Sectors

Agriculture contributes to about 2%  of the GNP. Fishing is a very important activity, Norway is one of the biggest exporters of fish in the world. Government subsidies for agriculture are very considerable.

Norway's economy is essentially based upon the exploitation of its natural and energy resources  (oil, gas, hydroelectric power, forests and minerals).  Oil production dominates the economy, accounting for nearly a quarter of the GNP. Norway is also a major producer and exporter of natural gas.  There is a consensus among the political parties to save oil and gas revenues for future generations, to the point where Norway has one of the largest sovereign wealth funds in the world.  Shipbuilding, metals, pulp and paper, chemical industries, machinery and electrical equipment are Norway's main manufacturing industries. Norway has one of the biggest and most modern fleet in the world. 

The services sector is highly developed and accounts for more than three-fourths of the GNP.


Economic Overview

After fifteen years of a strong growth (more than 5% in average annually), Norway has been touched by the global economy recession; however, the decline in production was

News Related to International Trade in Norway

  • Norway Joins Forces with USA on Zero Emissions - Aug 11, 2017

    As part of its efforts to develop green shipping, the Norwegian Maritime Authority has entered into an environmental agreement with the US state of California. “The agreement with California offers opportunities for Norway. We have a lot to contribute with when it comes to for instance green shipping, green data centres and climate-friendly production,” Vidar […]

    Source: World Maritime News

  • Macroprudential policy tools in Norway: strengthening financial system resilience - Aug 02, 2017

    In Norway house prices have risen to high levels, associated with very strong credit growth, in a context of low interest rates. Such a combination was in many countries a contributory factor to the 2008-09 crisis.

    Source: OECD

  • Norway’s success in generating inclusive growth can ensure future prosperity, OECD says - Aug 02, 2017

    The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.

    Source: OECD