A Nordic nation in northwestern Europe that shares its long eastern border with Sweden, the Kingdom of Norway’s imports cost a total US$98.7 billion in 2024.

That dollar amount results from a 21.4% increase compared to $81.3 billion five years earlier during 2020.

Year over year, the total cost of Norway’s spending on imported products slowed to a 1.8% gain from $97 billion in 2023.

Based on the average exchange rate for 2024, the Norwegian krone weakened by -1.8% against the US dollar from 2023 to 2024. Norway’s weaker local currency made Norwegian imports paid for in stronger US dollars relatively more expensive when converted starting from the Norwegian krone.

Domestically, Norway’s inflation rate for average consumer prices averaged 3.259% in 2024 according to the International Monetary Fund, down from an average 5.518% for the prior year.

Norway’s Best Suppliers for its Imports

The latest available country-specific data shows that 69.0% of products imported into Norway was furnished by exporters in: mainland China (12.1% of the Norwegian total), Sweden (10.6%), Germany (10.6%), United States of America (7.8%), United Kingdom (4.7%), Netherlands (4.6%), Denmark (4.3%), Poland (3.5%), Italy (3.1%), France (2.8%), Finland (2.5%) and Spain (2.2%).

From a continental perspective, approaching two-thirds (61.7%) of Norway’s total imports by value in 2024 was purchased from fellow European countries. Trade partners in Asia supplied over a fifth (22.4%) of import purchases by Norway while another 10.3% worth of goods originated from providers based in North America.

Smaller percentages came from exporters in Latin America (3.5%) excluding Mexico but including the Caribbean, Africa (1.7%), then Oceania (0.4%) led by Australia, Marshall Islands and New Zealand.

Norway is not a member of the European Union. Nevertheless, 54.7% of Norwegian spending on imports was attributed to suppliers that are EU members.

Given Norway’s population of 5.6 million people, its total $98.7 billion in 2024 imports translates to roughly $17,700 in yearly product demand from every person in the northernmost Scandinavian Peninsula country. That per-capita amount exceeds the average $17,600 for 2023.

Norway’s Top 10 Imports

The following product groups represent the highest dollar value in Norway’s import purchases during 2024. Also shown is the percentage share each product category represents in terms of overall imports into Norway.

1. Machinery including computers: US$15.1 billion (15.3% of total imports)
2. Vehicles: $10.1 billion (10.2%)
3. Electrical machinery, equipment: $9.4 billion (9.6%)
4. Mineral fuels including oil: $6.6 billion (6.7%)
5. Articles of iron or steel: $4.6 billion (4.7%)
6. Optical, technical, medical apparatus: $3.2 billion (3.3%)
7. Pharmaceuticals: $3 billion (3.1%)
8. Plastics, plastic articles: $2.72 billion (2.8%)
9. Furniture, bedding, lighting, signs, prefab buildings: $2.66 billion (2.7%)
10. Inorganic chemicals: $2.2 billion (2.2%)

Norway’s top 10 imports generated about three-fifths (60.4%) of the overall value of its product purchases from other countries.

Pharmaceuticals posted a 17.4% acceleration in Norway’s spending on products classified under that top import category from 2023 to 2024.

The remaining import purchases that benefited from double-digit increases were for machinery including computers (up 15.8%) and inorganic chemicals (up 11.8%).

The severest decliners were for Norway’s imports of mineral fuels including oil (down -20.2%) and vehicles (down -8.2%).

Drilling down to the more granular 4-digit level, Norwegian importers spent the most on the following commodities: imported cars (5.7% of total spending), processed petroleum oils (4.7%), computers including optical readers (3.7%), phone devices including smartphones (2.2%), medication mixes in dosage (2.1%), nickel matte or oxide sinters (2%), trucks (1.8%), miscellaneous iron or steel structures (1.3%), then aluminum oxide or hydroxide (1.2%).

More details about major import product categories are presented in the sections below.

Norway’s Most Valuable Imported Machinery Including Computers

In 2024, Norwegian importers spent the most on the following 10 subcategories of machinery including computers.

1. Computers, optical readers: US$3.7 billion (up 91.5% from 2023)
2. Turbo-jets: $1.1 billion (up 64.8%)
3. Machinery parts: $1 billion (up 11.5%)
4. Taps, valves, similar appliances: $1 billion (up 0.2%)
5. Miscellaneous machinery: $892.3 million (up 3.6%)
6. Centrifuges, filters and purifiers: $494.8 million (up 3.9%)
7. Liquid pumps and elevators: $450.5 million (up 14%)
8. Heavy machinery (bulldozers, excavators, road rollers): $435.3 million (down -34.9%)
9. Air or vacuum pumps: $428 million (up 12.8%)
10. Refrigerators, freezers: $371.6 million (down -3%)

Among these import subcategories, Norwegian purchases of computers including optical readers (up 91.5%), turbo-jets (up 64.8%) then liquid pumps and elevators (up 14%) grew at the fastest pace from 2023 to 2024.

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.

Norway’s Most Valuable Imported Vehicles Products

In 2024, Norwegian importers spent the most on the following 10 subcategories of road vehicles.

1. Cars: US$5.6 billion (down -9.3% from 2023)
2. Trucks: $1.8 billion (down -2.2%)
3. Automobile parts/accessories: $978.6 million (down -1.2%)
4. Tractors: $441.9 million (down -15.9%)
5. Trailers: $335.7 million (down -21.3%)
6. Public-transport vehicles: $225 million (down -30.5%)
7. Motorcycles: $189.2 million (down -7.6%)
8. Special purpose vehicles: $115.2 million (down -12.2%)
9. Armored vehicles, tanks: $97.2 million (up 43.5%)
10. Motorcycle parts/accessories: $80 million (down -1.3%)

Among these import subcategories, Norwegian purchases of armored vehicles and tanks (up 43.5%) was the lone gaining product category from 2023 to 2024.

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.

Norway’s Most Valuable Imported Electronics Products

In 2024, Norwegian importers spent the most on the following 10 subcategories of electronics-related goods.

1. Phone devices including smartphones: US$2.1 billion (up 0.1% from 2023)
2. Insulated wire/cable: $792.1 million (up 7.4%)
3. Electrical converters/power units: $778.8 million (up 1.3%)
4. Lower-voltage switches, fuses: $495.7 million (up 2.9%)
5. TV receivers/monitors/projectors: $494.6 million (down -0.4%)
6. Electrical/optical circuit boards, panels: $416 million (up 3.1%)
7. Electric water heaters, hair dryers: $374.7 million (up 5%)
8. Electric storage batteries: $364.3 million (up 14.1%)
9. Carbon electrodes, brushes: $341 million (down -25.8%)
10. Microphones/headphones/amps: $338.3 million (up 7.7%)

Among these import subcategories, Norwegian purchases of electric storage batteries (up 14.1%), microphones, headphones and amplifiers (up 7.7%) then insulated wire or cable (up 7.4%) grew at the fastest pace from 2023 to 2024.

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.

Norway’s Most Valuable Imported Mineral Fuels Products

In 2024, Norwegian importers spent the most on the following 10 subcategories of mineral fuels including oil and related products.

1. Processed petroleum oils: US$4.6 billion (down -11.7% from 2023)
2. Crude oil: $691.3 million (down -42.9%)
3. Electrical energy: $442.2 million (down -43.5%)
4. Petroleum oil residues: $340.5 million (down -17.9%)
5. Coal, solid fuels made from coal: $171.8 million (down -27.2%)
6. Coke, semi-coke: $151.3 million (down -10.1%)
7. Tar pitch, coke: $99.2 million (down -26.5%)
8. Petroleum gases: $40.9 million (down -11.5%)
9. Coal tar oils (high temperature distillation): $14.9 million (up 101.5%)
10. Petroleum jelly, mineral waxes: $9 million (down -4%)

Among these import subcategories, Norwegian purchases of high-temperature distilled coal tar oils (up 101.5%) represent the sole gainer from 2023 to 2024.

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported mineral fuels including oil plus related products among Norwegian businesses and consumers.
 

See also Norway’s Top Trading Partners, Norway’s Top 10 Exports and Top EU Import Countries

Research Sources:
Central Intelligence Agency, The World Factbook: Country Profiles. Accessed on September 19, 2025

Imported Consumer Products, Norway’s Top 100 Imported Consumer Products. Accessed on September 19, 2025

International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on September 19, 2025

International Monetary Fund, Exchange Rates selected indicators (National Currency per U.S. dollar, period average). Accessed on September 19, 2025

International Trade Centre, Trade Map. Accessed on September 19, 2025

Wikipedia, Norway. Accessed on September 19, 2025