Norway

572M €
Exports
2021
2004 January2022 April
143M €
Imports
2021
2004 January2022 April

Infograafikud

Norway is the 11th largest export partner of Estonia. In 2021, Estonia's exports to Norway amounted to €572M and imports from Norway to €143M, resulting in positive trade balance of €429M.

Exports

2021

In 2021, Estonia's exports to Norway amounted to €572M, making it the 11th largest export partner in the world. Compared to the previous year, exports from Estonia to Norway experienced growth at an annualized rate of 23.1%, from €465M in 2020 to €572M in 2021. Most recently, exports were led by prefabricated buildings, whether or not complete o..., which represent 13.3% of the total exports to Norway, followed by shaped wood, which account for 8.94%.

Imports

2021

In 2021, Estonia's imports from Norway ammounted to €143M, making it the 21st largest import partner in the world. Compared to the previous year, imports from Norway to Estonia experienced growth at an annualized rate of 28.6%, from €111M in 2020 to €143M in 2021. Most recently, imports were led by trucks, which represent 18.4% of the total imports from Norway, followed by communication equipment, which account for 18.4%.

Trade Balance

As of 2022 April, Estonia had positive trade balance of €50.4M with Norway. In 2021 April, it had positive trade balance of €38.1M.