Norway-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $2.33B total volume •Norway surplus: $176.78M
Norway → Türkiye
$1.26B
Exports (2023)
Türkiye → Norway
$1.08B
Imports (2023)
Trade Balance
$176.78M
Surplus for Norway
Total Trade
$2.33B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Norway and Türkiye. Green line shows exports from Norway, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Norway-Türkiye commercial relationship and competitive positioning in global markets.
Norway → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Norway's export portfolio to Türkiye demonstrates strategic specialization, with oils: petroleum oils and oils obtained from bituminous minerals, crude representing a key competitive advantage in this bilateral market.
Türkiye → Norway Imports
Import Dependency Profile
📦 Import Strategy Analysis
Norway's import pattern from Türkiye reveals strategic sourcingin fishing vessels, factory ships and other vessels: for processing or preserving fishery products, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Norway demonstrates competitive strength in exportingoils: petroleum oils and oils obtained from bituminous minerals, crude to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.33B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Norway-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.33 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Norway maintains a surplus of $176.78 million
- Export Focus: Norway's primary exports include oils: petroleum oils and oils obtained from bituminous minerals, crude, petroleum gases and other gaseous hydrocarbons: liquefied, natural gas, fats and oils and their fractions: of fish, (excluding liver-oils)
- Import Dependencies: Key imports from Türkiye include fishing vessels, factory ships and other vessels: for processing or preserving fishery products, cruise ships, excursion boats and similar vessels, principally designed for the transport of persons, ferry boats of all kinds, vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $2.33B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Norway leveraging its comparative advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Norway's specialization in oils: petroleum oils and oils obtained from bituminous minerals, crudecomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fishing vessels, factory ships and other vessels: for processing or preserving fishery products.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.33B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.33B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $2.33 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in oils: petroleum oils and oils obtained from bituminous minerals, crude and fishing vessels, factory ships and other vessels: for processing or preserving fishery products demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Norway's trade surplus of $176.78 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Norway and Türkiye represents a total trade volume of $2.33 billion in 2023. This partnership demonstrates a favorable trade balance for Norway, with exports exceeding importsby $176.78 million.
Export Strengths
Norway's exports to Türkiye total $1.26 billion, with competitive advantages in oils: petroleum oils and oils obtained from bituminous minerals, crude, representing $208.46M or16.6% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $1.08 billion, highlighting economic interdependence in fishing vessels, factory ships and other vessels: for processing or preserving fishery products, with Fishing vessels, factory ships and other vessels: for processing or preserving fishery products comprising25.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Norway's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Norway and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023