That dollar amount results from a 6.2% upturn from $160.5 billion five years earlier during 2021.
Year over year, the overall value of goods exported from Norway flatlined via a 1.5% gain compared to $168.1 billion in 2024.
Based on the average exchange rate for 2025, the Norwegian krone appreciated by 3.5% against the US dollar from 2024 to 2025. Norway’s stronger local currency makes Norwegian exports paid for in weaker US dollars relatively more expensive for international buyers starting with American currency.
Norway’s 5 biggest exports ranked by international revenues for 2025 were petroleum gases, crude oil, fresh whole fish, refined petroleum oils and raw aluminum. Collectively, that cohort of major commodities generated approaching more than two-thirds (68.6%) of total Norwegian exports.
Norway benefits from higher energy prices. Over three-fifths (60.6%) of Norwegian export sales were for petroleum gases, crude oil and, to a lesser degree, refined petroleum oils.
Norway’s Best International Trade Customers
Geographically, Norway’s closest trading partners are Finland, Russia and Denmark.
However, the latest available country-specific data shows that 85.4% of products exported from Norway was bought by importers in: United Kingdom (17.5% of the Norwegian total), Germany (17.4%), Netherlands (9.8%), Sweden (6.5%), Poland (5.9%), France (5.8%), Denmark (5.7%), Belgium (5.1%), United States of America (3.9%), Finland (3.3%), mainland China (2.7%) and Italy (1.8%).
From a continental perspective, 85.5% of Norway’s exports by value was delivered to fellow European countries while 7.7% was sold to importers in Asia. Norway shipped another 4.5% worth of goods to customers in North America.
Tinier percentages went to buyers located in Latin America (1.05%) excluding Mexico but including the Caribbean, Africa (0.96%) then Oceania (0.2%) led by Australia and New Zealand.
Given Norway’s population of 5.62 million people, its total US$170.5 billion in 2025 exports translates to roughly $30,350 for every resident in the Nordic nation. That per-capita average exceeds the average $30,150 one year earlier in 2024.
Norway’s Top 10 Exports
The following export product groups represent the highest dollar value in Norwegian global shipments during 2025. Also shown is the percentage share each export category represents in terms of overall exports from Norway.
- Mineral fuels including oil: US$106 billion (62.2% of total exports)
- Fish: $16.6 billion (9.7%)
- Electrical machinery, equipment: $7 billion (4.1%)
- Machinery including computers: $6.3 billion (3.7%)
- Aluminum: $5.4 billion (3.2%)
- Optical, technical, medical apparatus: $2.4 billion (1.4%)
- Vehicles: $1.58 billion (0.9%)
- Nickel: $1.55 billion (0.9%)
- Iron, steel: $1.3 billion (0.7%)
- Articles of iron or steel: $1.2 billion (0.7%)
Norway’s top 10 export product categories accounted for 87.5% of the overall revenues for total Norwegian shipments.
Electrical machinery and equipment was the fastest-growing among the top 10 export categories, up by 83.9% from 2024 to 2025.
In second place for improving export sales were vehicles which was up by 14.5%.
Norway’s shipments of machinery including computers posted the third-fastest gain in value, up by 9% year over year.
The leading decliner among Norway’s top 10 export categories was iron or steel via an -8.3% setback.
Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level. For a more granular view of exported goods at the four-digit HTS code level, see the section below.
Searchable List of Norway’s Most Valuable Export Products
The following searchable table displays 100 of the most in-demand goods shipped from Norway during 2025 sorted by value. Shown beside each product label is its total export value then the percentage increase or decrease since 2024.
| Rank | Norwegian Export Product | Value (US$) | YOY |
|---|---|---|---|
| 1 | Petroleum gases | $56,002,885,000 | +3.6% |
| 2 | Crude oil | $42,385,777,000 | -14.8% |
| 3 | Whole fish (fresh) | $9,468,858,000 | +5.6% |
| 4 | Processed petroleum oils | $4,976,290,000 | -7.3% |
| 5 | Aluminum (unwrought) | $4,148,816,000 | +9.4% |
| 6 | Fish fillets, pieces | $3,662,553,000 | +5.2% |
| 7 | Electrical converters/power units | $2,790,856,000 | +386% |
| 8 | Electrical energy | $2,553,945,000 | +35.3% |
| 9 | Whole fish (frozen) | $1,926,942,000 | +6.6% |
| 10 | Nickel (unwrought) | $1,529,742,000 | -4.8% |
| 11 | Dried, salted and smoked fish | $1,089,786,000 | +15.6% |
| 12 | Liquid pumps and elevators | $1,031,653,000 | +7.8% |
| 13 | Warships, lifeboats | $822,463,000 | +273.3% |
| 14 | Carboxyamid/amide-function compounds | $780,184,000 | +273.5% |
| 15 | Iron ferroalloys | $745,218,000 | -0.9% |
| 16 | Insulated wire/cable | $712,785,000 | +90.9% |
| 17 | Electrical/optical circuit boards, panels | $697,203,000 | +42.9% |
| 18 | Bombs, grenades, ammunition | $682,514,000 | +64.6% |
| 19 | Phone devices including smartphones | $680,880,000 | +34.7% |
| 20 | Miscellaneous machinery | $666,155,000 | +12.5% |
| 21 | Turbo-jets | $617,578,000 | +1.8% |
| 22 | Medication mixes in dosage | $613,567,000 | +18.2% |
| 23 | Aluminum plates, sheets, strips | $591,143,000 | +0.7% |
| 24 | Rough wood | $572,533,000 | +42.9% |
| 25 | Automobile parts/accessories | $549,254,000 | +1.8% |
| 26 | Survey/hydro/weather instruments | $526,258,000 | +29% |
| 27 | Zinc (unwrought) | $506,245,000 | +10.8% |
| 28 | Hydrogen, rare gases | $505,892,000 | +2.5% |
| 29 | Taps, valves, similar appliances | $497,224,000 | +8.4% |
| 30 | Trucks | $423,407,000 | +17.5% |
| 31 | Computers, optical readers | $400,837,000 | -0.9% |
| 32 | Crustaceans (including lobsters) | $388,714,000 | +58.5% |
| 33 | Liquid/gas checking instruments | $384,160,000 | +11.6% |
| 34 | Machinery parts | $366,505,000 | -13.7% |
| 35 | Other diagnostic/lab reagents | $363,291,000 | +7.3% |
| 36 | Gold (unwrought) | $345,057,000 | +62.7% |
| 37 | Pebbles, gravel, crushed stone | $317,276,000 | +12.5% |
| 38 | Platinum (unwrought) | $315,704,000 | +23.1% |
| 39 | Cars | $299,760,000 | +43.9% |
| 40 | Other food preparations | $298,774,000 | +27.6% |
| 41 | Aircraft parts, accessories | $297,675,000 | +3.1% |
| 42 | Regulate/control instruments | $295,628,000 | -1.8% |
| 43 | Miscellaneous animal feed preparations | $288,532,000 | +8.7% |
| 44 | Navigational aids, compasses | $283,894,000 | -1.9% |
| 45 | Sawn wood | $282,397,000 | +18.6% |
| 46 | Miscellaneous iron or steel items | $264,982,000 | -1.8% |
| 47 | Iron or steel scrap | $254,555,000 | -2.2% |
| 48 | Centrifuges, filters and purifiers | $253,387,000 | +1.2% |
| 49 | Chemical woodpulp (dissolving) | $247,546,000 | +1.8% |
| 50 | Air or vacuum pumps | $244,355,000 | +11.3% |
| 51 | Fish/marine mammal fats and oils | $235,614,000 | -12.2% |
| 52 | Miscellaneous iron and steel structures | $234,188,000 | +35.6% |
| 53 | Seats (excluding barber/dentist chairs) | $227,220,000 | +3.9% |
| 54 | Aluminum wire | $224,488,000 | +0.2% |
| 55 | Iron or steel tubes, pipes | $213,084,000 | -38.7% |
| 56 | Inedible meat flour | $209,208,000 | -2.6% |
| 57 | Miscellaneous engines, motors | $207,404,000 | +34.8% |
| 58 | Other measuring/testing machines | $199,389,000 | +19% |
| 59 | Electric storage batteries | $197,841,000 | +29.7% |
| 60 | Aluminum waste, scrap | $193,986,000 | +10.9% |
| 61 | Heavy machinery (bulldozers, excavators, road rollers) | $191,426,000 | +10.9% |
| 62 | Uncoated paper for writing/printing | $189,473,000 | +14.1% |
| 63 | Electro-medical equip (e.g. xrays) | $187,990,000 | -7.3% |
| 64 | Lamps, lighting, illuminated signs | $184,592,000 | +4.4% |
| 65 | Arms parts, accessories | $184,041,000 | -5.8% |
| 66 | Refined copper, unwrought alloys | $181,864,000 | +8.1% |
| 67 | Aircraft, spacecraft | $179,080,000 | -11.4% |
| 68 | Sutures, special pharmaceutical goods | $176,512,000 | -72.1% |
| 69 | Connector/insulating parts | $158,955,000 | +52.8% |
| 70 | Carbon electrodes, brushes | $157,159,000 | +3.3% |
| 71 | Electrical machinery | $155,501,000 | +92% |
| 72 | Copper waste, scrap | $154,637,000 | -11.4% |
| 73 | Computer parts, accessories | $153,802,000 | +85% |
| 74 | Plastic packing goods, lids, caps | $152,306,000 | -1.8% |
| 75 | Lower-voltage switches, fuses | $150,494,000 | +5.5% |
| 76 | TV receiver/transmit/digital cameras | $148,453,000 | +6.5% |
| 77 | Physical/chemical analysis tools | $147,935,000 | +12.7% |
| 78 | Transmission shafts, gears, clutches | $145,842,000 | +14.8% |
| 79 | Electric generating sets, converters | $132,951,000 | +33% |
| 80 | Iron ores, concentrates | $131,999,000 | -2.2% |
| 81 | Piston engine parts | $130,706,000 | -11.3% |
| 82 | Metal-containing ash, residues | $130,150,000 | -22% |
| 83 | Chemical industry products/residuals | $128,256,000 | +10.5% |
| 84 | Precious metal waste, scrap | $125,810,000 | +102.5% |
| 85 | Iron or non-alloy steel bars, rods | $120,514,000 | -7.3% |
| 86 | Miscellaneous iron or steel tubes, pipes | $117,958,000 | +7.7% |
| 87 | TV/radio/radar device parts | $116,995,000 | +60.3% |
| 88 | Blood fractions (including antisera) | $116,965,000 | +18.6% |
| 89 | Miscellaneous plastic items | $113,983,000 | +21.9% |
| 90 | Radar, radio communication items | $113,462,000 | -28.5% |
| 91 | Electric motors, generators | $110,843,000 | +32.2% |
| 92 | Vegetable parchment, greaseproof papers | $108,435,000 | -6.2% |
| 93 | TV receivers/monitors/projectors | $102,687,000 | -0.9% |
| 94 | Pulley tackle, hoists, winches, jacks | $102,115,000 | +40% |
| 95 | Other organic cleaning preparations | $97,589,000 | +18.2% |
| 96 | Quartz (not sand) | $97,233,000 | +4.5% |
| 97 | Finishing agents, dye carriers, fixers | $96,247,000 | -1% |
| 98 | Electric circuit parts, fuses, switches | $94,800,000 | +16.8% |
| 99 | Cobalt | $94,492,000 | +28.3% |
| 100 | Coiled iron or non-alloy steel bars, rods | $89,154,000 | -3.8% |
These 100 exported goods were worth a subtotal of $155.8 billion or 91.4% by value for all products exported from Norway during 2025.
That percentage suggests a concentrated subset of Norwegian exports.
Products Driving Greatest Trade Surpluses for Norway
Norway generated an overall US$63.2 billion trade surplus during 2025, declining by -8.8% from $69.3 billion in black ink one year earlier for 2024.
The following types of Norwegian product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.
- Mineral fuels including oil: US$100.4 billion (Down by -4% since 2024)
- Fish: $15.9 billion (Up by 6.8%)
- Aluminum: $4 billion (Up by 13.7%)
- Arms, ammunition: $527.7 million (Up by 19.4%)
- Zinc: $498.5 million (Up by 11.3%)
- Gems, precious metals: $479.8 million (Up by 72%)
- Iron, steel: $398.4 million (Down by -16.3%)
- Woodpulp: $275.7 million (Up by 9.1%)
- Salt, sulphur, stone, cement: $111.3 million (Up by 39.1%)
- Other base metals: $31 million (Up by 1105.1%)
Historically, Norway has recorded highly positive net exports in the international trade of petroleum gases, crude oil and refined petroleum oils. In turn, these cashflows indicate Norway’s strong competitive advantages under the mineral fuels including oil category.
Products Causing Biggest Trade Deficits for Norway
Below are exports from Norway that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country Norway’s goods trail Norwegian importer spending on foreign products.
- Vehicles: -US$10.7 billion (Up by 23.4% since 2024)
- Machinery including computers: -$9.9 billion (Up by 6.7%)
- Articles of iron or steel: -$4.1 billion (Up by 21.1%)
- Electrical machinery, equipment: -$3.6 billion (Down by -35.1%)
- Furniture, bedding, lighting, signs, prefab buildings: -$2.32 billion (Up by 9.2%)
- Pharmaceuticals: -$2.31 billion (Up by 30.6%)
- Plastics, plastic articles: -$2.2 billion (Up by 4.6%)
- Inorganic chemicals: -$1.7 billion (Up by 11.1%)
- Food industry waste, animal fodder: -$1.33 billion (Up by 21.2%)
- Optical, technical, medical apparatus: -$1.29 billion (Up by 19.8%)
Norway has highly negative net exports and therefore deep international trade deficits for road vehicles–notably cars, trucks, automobile parts and trailers, as well as machinery including computers.
These cashflow deficiencies clearly indicate Norway’s competitive disadvantages in the international markets but also represent key opportunities for Norway to improve its position in the global economy through focused innovations or volume discount negotiations.
Major Norwegian Export Companies
Nine Norwegian corporations rank among Forbes Global 2000. Below is a sample of the major Norwegian export companies that Forbes included.
- Norsk Hydro (aluminum)
- Orkla (industrial conglomerates)
- Statoil (oil, gas)
- Telenor (telecommunications)
- Yara International (specialized chemicals)
Wikipedia also lists exporters from Norway. Selected examples are shown below.
- Cermaq (fish)
- Norske Skogindustrier, (pulp, paper)
- The Jotun Group (paints, related chemicals)
- Thin Film Electronics ASA (printed electronics)
- Tine (dairy products)
- Yara International (chemicals)
In macroeconomic terms, Norway’s total exported goods represent 28.1% of its overall Gross Domestic Product for 2025 ($606.6 billion valued in Purchasing Power Parity US dollars). That 28.1% for exports to overall GDP in PPP for 2025 compares to 29.1% in 2024. Those percentages suggest a relatively decreasing reliance on products sold on international markets for Norway’s total economic performance, albeit based on a short timeframe.
Another key indicator of a country’s economic performance is its unemployment rate. Norway’s unemployment rate averaged 3.924% for 2025, down from an average 4.013% jobless rate for 2024 according to International Monetary Fund statistics.
Domestically, the average inflation rate for Norway was 2.599% for 2025 down from an average 3.145% in 2024.
Norway’s capital city is Oslo.
See also Norway’s Top Trading Partners and Norway’s Top 10 Imports
Research Sources:
Central Intelligence Agency, The World Factbook: Country Profiles. Accessed on March 15, 2026
Forbes 2021 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on March 15, 2026
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 15, 2026
International Trade Centre, Trade Map. Accessed on March 15, 2026
Investopedia, Net Exports Definition. Accessed on March 15, 2026
Wikipedia, List of Companies of Norway. Accessed on March 15, 2026
Wikipedia, Gross domestic product. Accessed on March 15, 2026
Wikipedia, Norway. Accessed on March 15, 2026
Wikipedia, Purchasing power parity. Accessed on March 15, 2026
X-rates.com, Exchange Rates: Norwegian Krone to US Dollar (monthly average 2025). Accessed on March 15, 2026