Over the past 15 years, trade relations between Norway and Poland have strengthened and had a positive impact on export volumes. The year of Poland's accession to the European Union is considered a turning point for both countries. The two economies began cooperation based on the Agreement on the European Economic Area (EEA) and the indonesia whatsapp mobile number Agreement between the European Economic Community (EEC) and the Kingdom of Norway on free trade. These signed agreements have a positive impact on both economies, as the volume of Polish-Norwegian trade has continued to increase. According to the Central Statistical Office, its balance increased from $2.47 billion in 2004 to just over $7.05 billion in 2013. And in 2018, it amounted to $9.52 billion.
Norway's exports and Poland's imports
In 2018, Norway exported a total of USD 127 billion worth of goods from its country, ranking 33rd in the world. Natural gas, oil, metals and fish became the most exported goods, with Germany, the United Kingdom and the Netherlands being its main customers. In contrast, exports to Poland accounted for 2.38% of Norwegian foreign trade, or USD 3.03 billion. The main exported products were fish (both fresh and frozen), crude oil, passenger and cargo ships and aluminium. In comparison, according to 2018 data, Poland ranked 18th in global imports, supplying products worth a total of USD 278 billion. Its dynamic growth in foreign trade was evidenced by a $70.5 billion increase in imports between 2013 and 2018, rising from $207 billion in 2013 to $278 billion in 2018. And, consistently over the years, Norway’s main imported products have been oil, cars and parts. In short, OEC data shows that the Kingdom of Norway accounts for 1.09% of Poland’s imports.