Norway's trade with developing countries

Publisert: 1. juli 2016

This paper presents some characteristics of Norway’s trade with developing countries. Norwegian trade with low and low middle-income countries has increased in recent years. Imports have increased more than exports. This is partly because a large part of Norwegian exports is petroleum sold to other OECD countries. Norwegian trade with the least developed countries, on the other hand, is stagnant and constitutes only a minor share of Norwegian foreign trade. This pattern is similar to other OECD countries: Developing countries increase their share in world trade while least developed countries are marginalized. By adjusting for size and geographical position of Norwegian trade partners it is found that Norwegian trade with developing countries is as expected as compared to other OECD countries.