Skip to main content
European Commission logo
enen
Trade and Economic Security

Norway

EU trade relations with Norway. Facts, figures and latest developments.

Country or region
  • Norway
Trade topics
  • Negotiations and agreements
  • Trade policy

Norway's economic and trade relations with the EU are mainly governed by the agreement on the European Economic Area (EEA).

Trade picture

  • The EU is Norway's biggest trading partner, representing 61.9% of Norway's total trade in goods in 2024.
  • The EU is Norway's biggest export market, receiving 66.1% of Norway's total exports.
  • Norway mainly exports fuel products to the EU.
  • The EU is Norway's biggest source of imports, with a share of 54.7% of Norway's total imports.
  • Trade in services with Norway grew by 4% from 2022 to 2023, and showed a consistently positive balance for the EU in 2023. 

The EU and Norway

As a member state of the European Economic Area, Norway fully applies the whole EU acquis communautaire relevant to the four freedoms (free movement of goods, persons, services and capital), along with that pertinent to flanking policies (i.e. transport, competition, social policy, consumer protection, environment, statistics and company law).

As a result, the EEA agreement provides for a high degree of economic integration, common competition rules, rules for state aid and government procurement.

Agriculture and fisheries are not covered by the EEA agreement. However, Article 19 thereof highlights the commitment of the parties to progressive liberalisation of agricultural trade, which is achieved through the conclusion of separate agreements on that basis. The latest agreement under this article dates from 2018.

As a member of the European Free Trade Association (EFTA), Norway seeks to conclude bilateral Free Trade Agreements in the so-called EFTA framework. This means that Switzerland, Norway, Iceland and Liechtenstein can negotiate a Free Trade Agreement with a respective third country via EFTA.

Trading with Norway