Bilateral Trade with Taiwan

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The bilateral trade between Norway and Taiwan in 2015 was again on the upward trend showing an increase of 4.9% in total trade or in the value of NOK6,456 million compared with NOK6,156 million in 2014.

Exports from Norway to Taiwan gained 11.3% in 2015 to NOK2,328 million unlike -40.8% in 2014. It was mainly contributed by “Mineral fuels, lubricants and related materials (Major: Petroleum, petroleum products)”, in the value of NOK1,031 million; up 2% from 2014 and “Food and live animals” (Mostly salmon) in the value of NOK797 million; up 29.8% from previous year.

Though imports from Taiwan to Norway in 2015 was increased to NOK4,128 million from NOK4,064 million in 2014, it merely has an increase of 1.6% compared with 2014 with an increase of 13.8%.

“Machinery and transport equipment (Major: Telecommunications apparatus and equipment)” was the number one export commodity from Taiwan to Norway amounted to NOK2,594 million.

 

Bilateral trade Norway-Taiwan (Million Kroner)
(10-Year Figures – source: Statistics Norway)

 

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Export from Norway

840

1256

1201

1247

2396

2201

2661

3536

2092

2328

Import to Norway

3807

4243

3874

3374

3982

4099

3710

3572

4064

4128

Total trade

4647

5499

5075

4621

6378

6300

6371

7108

6156

6456

 

 

 

Chief Exports to Taiwan in 2015

Value (Million NOK)

Chief Imports from Taiwan in 2015

Value (Million NOK)

Mineral fuels, lubricants and related materials (Major: Petroleum, petroleum products)

1031

Machinery and transport equipment (Major: Telecommunications apparatus and equipment)

2594

Food and live animals (Major: Fish, crustac., molluscs, etc.)

797

Manufactured goods classified by materials (Major: Manufactures of metals, n.e.s.)

816

Chemicals & related products, n.e.s. (Major: Inorganic chemicals)

194

Miscellaneous manufactured articles (Major: Miscellaneous manufactured articles)

580

Machinery and transport equipment (Major: Machinery for special industries)

113

Chemicals and related products, n.e.s. (Major: Plastics in primary forms)

78

Crude materials, inedible, except fuels (Major: Pulp & waste paper)

108

Crude materials, inedible, except fuel (Major: Crude animal and vegetable materials)

47

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Norwegian Chamber of Commerce, Hong Kong

P.O.Box 33264 Sheung Wan Post Office
Hong Kong SAR

Tel: +852 6502 1630 (Whatsapp enabled)