Trade and Economic Cooperation
Trade and economic relations are the most active direction of bilateral cooperation. Norway is an important trade partner of Belarus among the Scandinavian countries.
Bilateral trade between Belarus and Norway in 2017–2021
mln USD
|
|
2017 |
2018 |
2019 |
2020 | 2021 |
|
Turnover |
294,6 |
305,3 |
330,0 |
311,9 | 350,7 |
|
Export |
125,3 |
147,2 |
152,0 |
132,3 | 173,3 |
|
Import |
169,3 |
158,0 |
178,0 |
179,6 | 177,4 |
In 2021 the trade turnover between Belarus and Norway amounted to 350,7 mln US dollars. Belarusian exports amounted to 173,3 mln dollars, imports from Norway – 177,4 mln dollars.
In 2021 the turnover of trade in services between Belarus and Norway was 52,4 mln USD. Export of services from Belarus: 10,2 mln USD, import: 42,2 mln USD.
Foreign direct investments from Norway to Belarus in 2021 amounted to 108,5 ths USD.
