Nordics: net trade 2021 by country

In the Nordic countries, Norway had the highest amount of net trade in goods and services until 2014. However, when Norwegian exports were hit by a fall of the oil price, its trade surplus sank dramatically, from 44 billion U.S. dollars in 2014 to only six billion in 2016. Net trade of the other four countries remained more consistent. In 2021, Norway again had the highest trade surplus at 58.6 billion U.S. dollars, followed by Sweden and Denmark. Iceland even had a negative trade balance that year.

Net trade in goods and services in the Nordic countries from 2010 to 2021, by country (in billion U.S. dollars)

Characteristic	Denmark	Finland	Iceland	Norway	Sweden
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Release date

December 2022

More information

Region

Denmark, Finland, Iceland, Norway, Sweden

Survey time period

2010 to 2021

Special properties

Net trade in goods an services (current U.S. dollars)

Supplementary notes

The source adds the following definition: 'Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.'

Numbers have been rounded.

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