Department for International Trade
Analysis – Statistics Brief
Trade and investment between the United Kingdom andNorway{data reported by the UK}
GLOBAL STANDING
2016 (latest available rankings)
| Trading partner | Export market | Import market |
|---|---|---|
| 11th largest2.8% of total UK trade | 23rd largest0.9% of all UK exports | 9th largest4.1% of all UK imports |
TRADE IN GOODS
The following figures are from the ONS and are on a Balance of Payments (‘change of ownership’) basis
The UK reported a trade in goods deficit with Norway of £33.4bn, compared to a trade in goods deficit of £21.1bn in 2016.
| Total trade in goods between the UK and Norway | UK exports of goodsto Norway | UK imports of goodsfrom Norway |
|---|---|---|
| £45.8bn( 35.2% increase from 2016 ) | £6.2bn( -2.8% decrease from 2016 ) | £39.6bn( 44.0% increase from 2016 ) |
The following figures, on trade in goods only, are from HMRC. They are on a different (i.e. ‘physical movement’) basis than the ONS (‘Balance of Payments’) data which are based on the ‘change of ownership’ criterion. They are not directly comparable with the figures above.
The top 5 UK goods exported to Norway in 2017 were:
| % of all UK goods exported to Norway | classification |
|---|---|
| 18.6% | nuclear reactors, boilers, machinery and mechanical appliances; parts thereof |
| 14.9% | ships, boats and floating structures |
| 11.9% | vehicles other than railway or tramway rolling stock, and parts and accessories thereof |
| 9.0% | optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof |
| 6.8% | articles of iron or steel |
The top 5 UK goods imported from Norway in 2017 were:
| % of all UK goods imported from Norway | classification |
|---|---|
| 84.2% | mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes |
| 3.0% | nuclear reactors, boilers, machinery and mechanical appliances; parts thereof |
| 1.8% | aircraft, spacecraft, and parts thereof |
| 1.2% | optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof |
| 1.1% | zinc and articles thereof |