Norway-Viet Nam Bilateral Trade Analysis 2023
Complete trade statistics: $922.68M total volume •Norway deficit: $922.68M
Norway → Viet Nam
$0
Exports (2023)
Viet Nam → Norway
$922.68M
Imports (2023)
Trade Balance
$922.68M
Deficit for Norway
Total Trade
$922.68M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Norway and Viet Nam. 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-Viet Nam commercial relationship and competitive positioning in global markets.
Norway → Viet Nam Exports
Export Market Intelligence
🎯 Strategic Export Focus
Norway's export portfolio to Viet Nam demonstrates strategic specialization, with fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 representing a key competitive advantage in this bilateral market.
Viet Nam → Norway Imports
Import Dependency Profile
📦 Import Strategy Analysis
Norway's import pattern from Viet Nam reveals significant dependencyin telephones for cellular networks or for other wireless networks, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Norway demonstrates competitive strength in exportingfish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 to Viet Nam, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $922.68M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Norway-Viet Nam Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $922.68 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Norway maintains a deficit of $922.68 million
- Export Focus: Norway's primary exports include fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99, fish: frozen, mackerel (scomber scombrus, scomber australasicus, scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99, fish meat, excluding fillets, whether or not minced: frozen, n.e.c. in item no. 0304.9
- Import Dependencies: Key imports from Viet Nam include telephones for cellular networks or for other wireless networks, sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
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 $922.68M 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 fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99.
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 fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99complements Viet Nam's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in telephones for cellular networks or for other wireless networks.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $922.68M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $922.68M 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 $922.68 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 and telephones for cellular networks or for other wireless networks demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Norway's trade deficit of $922.68 million impacts 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 Viet Nam represents a total trade volume of $922.68 million in 2023. This partnership demonstrates an unfavorable trade balance for Norway, with imports exceeding exportsby $922.68 million.
Export Strengths
Norway's exports to Viet Nam total $0.00, with competitive advantages in fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99, representing $61.72M orInfinity% of bilateral exports.
Import Dependencies
Imports from Viet Nam amount to $922.68 million, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprising23.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Norway's strategic sourcing from Viet Nam. 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 Viet Nam in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023