A Nordic nation in northwestern Europe that shares its long eastern border with Sweden, the Kingdom of Norway’s imports cost a total US$85.9 billion in 2019. That dollar amount reflects a -2% decrease since 2015 but an 11.3% uptick from 2018 to 2019.
Based on the average exchange rate for 2019, the Norwegian krone has depreciated by -9.1% against the US dollar since 2015 and declined by -8.2% from 2019 to 2019. Norway’s weaker local currency makes Norwegian imports paid for in stronger US dollars relatively more expensive when converted starting from the Norwegian krone.
From a continental perspective, almost two-thirds (64.9%) of Norway’s total imports by value in 2019 were purchased from fellow European countries. Trade partners in Asia supplied about a fifth (19.9%) of import purchases by Norway while 10.4% worth of goods originated from North America. Smaller percentages came from exporters in Latin America (2.7%) excluding Mexico but including the Caribbean, Africa (1.7%) then Oceania (0.4%) led by Australia.
Given Norway’s population of 5.4 million people, its total $85.9 billion in 2019 imports translates to roughly $16,000 in yearly product demand from every person in the northernmost Scandinavian Peninsula country. Norway is not a member of the European Union.
Norway’s Top 10 Imports
The following product groups represent the highest dollar value in Norway’s import purchases during 2019. Also shown is the percentage share each product category represents in terms of overall imports into Norway.
- Machinery including computers: US$11.9 billion (13.8% of total imports)
- Vehicles: $10.4 billion (12.1%)
- Electrical machinery, equipment: $8.7 billion (10.1%)
- Mineral fuels including oil: $5.5 billion (6.4%)
- Articles of iron or steel: $4.5 billion (5.2%)
- Furniture, bedding, lighting , signs, prefab buildings: $3 billion (3.5%)
- Optical, technical, medical apparatus: $2.9 billion (3.4%)
- Plastics, plastic articles: $2.5 billion (2.9%)
- Pharmaceuticals: $2.2 billion (2.6%)
- Nickel: $1.7 billion (2%)
Norway’s top 10 imports accounted for 62% of the overall value of its product purchases from other countries.
Electrical machinery and equipment posted the fastest-growth in value among Norway’s top 10 import categories, up 7.4% from 2018 to 2019. In second place for improving import purchases was the optical, technical and medical apparatus category via its 5% gain. Norwegian imports of vehicles recorded the third-fastest gain up 1.4%.
Leading Norway’s declining top categories were imported articles of iron or steel (down -7.8%), pharmaceuticals (down -6.5%) then nickel (down -5.5%).
Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.
In 2019, Norwegian importers spent the most on the following 10 subcategories of machinery including computers.
- Computers, optical readers: US$1.6 billion (down -5.7% from 2018)
- Taps, valves, similar appliances: $894.7 million (up 23.5%)
- Miscellaneous machinery: $837.3 million (up 12.1%)
- Turbo-jets: $787.3 million (down -15.8%)
- Machinery parts: $766.4 million (up 7%)
- Heavy machinery (bulldozers, excavators, road rollers): $585.8 million (up 4.3%)
- Centrifuges, filters and purifiers: $372.2 million (up 6.1%)
- Refrigerators, freezers: $362.8 million (down -5.6%)
- Liquid pumps and elevators: $347.7 million (down -1.4%)
- Air or vacuum pumps: $343.8 million (up 2.3%)
Among these import subcategories, Norwegian purchases of taps, valves and similar appliances (up 23.5%), miscellaneous machinery (up 12.1%) then machinery parts (up 7%) grew at the fastest pace from 2018 to 2019.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery including computers among Norwegian businesses and consumers.
In 2019, Norwegian importers spent the most on the following 10 subcategories of road vehicles.
- Cars: US$5.9 billion (down -5.4% from 2018)
- Trucks: $1.6 billion (up 7%)
- Automobile parts/accessories: $887.2 million (down -1.9%)
- Public-transport vehicles: $605.3 million (up 215.9%)
- Trailers: $396 million (down -4.9%)
- Tractors: $367 million (down -3.1%)
- Motorcycles: $201.1 million (up 15.2%)
- Special purpose vehicles: $133.1 million (down -2.8%)
- Motorcycle parts/accessories: $83.4 million (up 1.5%)
- Bicycles, other non-motorized cycles: $79.6 million (down -11.4%)
Among these import subcategories, Norway’s purchases of public-transport vehicles (up 215.9%), motorcycles (up 15.2%) then trucks (up 7%) grew at the fastest pace from 2018 to 2019.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles among Norwegian businesses and consumers.
In 2019, Norwegian importers spent the most on the following 10 subcategories of electronics-related goods.
- Phone system devices including smartphones: US$2 billion (up 0.9% from 2018)
- Electric generating sets, converters: $862.4 million (up 111.3%)
- Insulated wire/cable: $603.6 million (down -4.2%)
- TV receivers/monitors/projectors: $569.5 million (up 2.3%)
- Electrical converters/power units: $450.1 million (down -5.9%)
- Lower-voltage switches, fuses: $411.6 million (up 7.1%)
- Electric water heaters, hair dryers: $335.8 million (up 0.9%)
- Microphones/headphones/amps: $326.1 million (up 9.8%)
- Carbon electrodes, brushes
- Electrical/optical circuit boards, panels: $274.6 million (up 4.6%)
Among these import subcategories, Norway’s purchases of electric generating sets and converters (up 111.3%), microphones, headphones or amplifiers (up 9.8%) then lower-voltage switches and fuses (up 7.1%) grew at the fastest pace from 2018 to 2019.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics-related goods among Norwegian businesses and consumers.
In 2019, Norwegian importers spent the most on the following 10 subcategories of mineral fuels-related products.
- Processed petroleum oils: US$2.8 billion (up 8% from 2018)
- Crude oil: $1.5 billion (down -10.9%)
- Electrical energy: $557.2 million (up 29.7%)
- Petroleum oil residues: $330.2 million (down -15.1%)
- Coke, semi-coke: $128.4 million (down -15.6%)
- Tar pitch, coke: $95.4 million (down -14.7%)
- Coal, solid fuels made from coal: $76.4 million (up 8.5%)
- Petroleum gases: $16.3 million (up 137%)
- Asphalt/petroleum bitumen mixes: $7.7 million (up 18.3%)
- Petroleum jelly, mineral waxes: $6.2 million (down -5.9%)
Among these import subcategories, Norway’s purchases of petroleum gases (up 137%), electrical energy (up 29.7%) then asphalt or petroleum bitumen mixes (up 18.3%) grew at the fastest pace from 2018 to 2019.
These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported mineral fuels and related products among Norwegian businesses and consumers.
See also Norway’s Top Trading Partners, Norway’s Top 10 Exports and Top EU Import Countries
Central Intelligence Agency, The World Factbook: Country Profiles. Accessed on January 26, 2020
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on January 26, 2020
International Monetary Fund, Exchange Rates selected indicators (National Currency per U.S. dollar, period average). Accessed on January 26, 2020
International Trade Centre, Trade Map. Accessed on January 26, 2020
Wikipedia, Norway. Accessed on January 26, 2020