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Which countries are Norway’s most important trading partners?
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Norway’s economy is heavily reliant on foreign trade, which accounts for more than two-fifths of its national income. The country’s principal trading partners include the following nations:1
- United Kingdom: Receives the largest portion of Norwegian exports.1
- Germany: A key partner for both imports and exports.1
- Sweden: The greatest contributor of imports to Norway.1
- China: A significant trading partner.1
- Netherlands: A key trading partner.1
The majority of Norway’s petroleum exports are directed toward nations within the European Union. While Norway is not a member of the EU, it maintains strong economic ties through its membership in the European Economic Area. In addition to petroleum, Norway exports machinery, transport equipment, metals, and fish, while its primary imports consist of machinery, motor vehicles, ships, chemicals, and food products.12