Bilateral trade sheet Norway
This sheet gives an overview of the bilateral trade relations between Norway and Belgium.
Bilateral trade note Norway (May 2024)
In addition to general information about, for example, GDP, inflation, the number of inhabitants, global imports and exports, the unemployment rate, etc., this bilateral trade note also contains an analysis of bilateral trade with Norway, as well as an overview of the main import and export sections.
Studies
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Economic study Norway (June 2024)
With its unique geographical location and close ties to European markets, Norway offers a favorable business climate for those looking to expand their activities in Northern Europe. Trade in Norway accounts for 83% of GDP, with Belgium being the 4th most important client. With the largest sovereign wealth fund in the world, the Government Pension Fund Global, Norway can ensure economic stability and prosperity and promote sustainable investments in the long term.
With the fourth-largest GDP per capita, it offers a level of prosperity significantly higher than that of many other countries, largely thanks to the oil and gas industry, which has played a crucial role as an engine of economic growth. In addition, the Norwegian economy also offers numerous other opportunities in various sectors. Norway has a rich maritime history that continues to contribute to the economy, particularly through marine aquaculture, fish processing, offshore wind energy, and shipbuilding. The country is a world leader in fish and seafood exports and heavily invests in green energy, with 88.1% of electricity generated from hydropower.
The study was conducted by the Belgian Foreign Trade Agency, which, together with its partners the Federal Public Service Foreign Affairs, hub.brussels, Flanders Investment & Trade, and the Wallonia Export-Investment Agency (AWEX), is organizing a joint economic mission to Norway from June 16 to 19, 2024, under the Presidency of HRH Princess Astrid.
Document only available in French and Dutch. Download the Dutch version here.
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Watch the interview with HE Jørn Gloslie, Ambassador of Norway to the Kingdom of Belgium, on the occasion of the Belgian Economic Mission to Norway in June 2024:
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