Bilateral Trade with Mainland China

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The bilateral trade between Norway and Mainland China looks optimistic with an increase of 19% in 2015 compared with previous year. It has been increasing since 2012 from NOK60,847 million to NOK87,825 million in 2015.

The trade balance is in favour of Mainland China as it exports to Norway in 2015 was increased from NOK53,123 million in 2014 to NOK63.973 million in 2015 or up 20.4% while Norway exports to Mainland China was increased from NOK20,666 million in 2014 to NOK23,852 million in 2015 or up 15.4%.

It was a little more than double of the increase for exports to Norway from Mainland China when comparing the percentage of increase between 2014 and 2015.

On the contrary for exports from Norway to Mainland China though there was an increase of 15.4% in 2015, it was much less than the increase of 27.2% in 2014.

The export of “Food and live animals” (Mostly salmon) to Mainland China in 2015 was dropped sharply to NOK2,380 million in value or down 24.5% compared with NOK3,152 million in 2014.

“Machinery and transport equipment (Major: Telecommunications apparatus & equipment)” was still the number one export commodity to Norway from Mainland China, up 22% in 2015 compared with previous year.

The number one export commodity from Norway to Mainland China was “Chemicals and related products, n.e.s. (Major: Organic chemicals)”, up 46% from 2014.

Mainland China maintains its No. 1 position as the largest trading partner in Asia with Norway.

 

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

 

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Export from Norway

10872

9493

10747

15213

14187

16228

13906

16247

20666

23852

Import to Norway

23471

28313

32092

33386

39617

46022

46941

48356

53123

63973

Total trade

34343

37806

42839

48599

53804

62250

60847

64603

73790

87825

 

  

 

Chief Exports to Mainland China in 2015

Value

(Million NOK)

Chief Imports from Mainland China in 2015

Value

(Million NOK)

Chemicals and related products, n.e.s. (Major: Organic chemicals)

7470

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

30442

Machinery and transport equipment (Major: General industrial machinery & equipment)

6900

Miscellaneous manufactured articles (Major: Articles of apparel and accessories)

22740

Manufactured goods classified by materials (Major: Non-ferrous metals)

3034

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

7632

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

2380

Chemicals and related products, n.e.s. (Major: Chemical materials & products, n.e.s.)

1984

Miscellaneous manufactured articles (Major: Professional & scientific instruments)

1926

Food and live animals (Major: Feeding stuff for animals, not cereal)

924

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