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Norway’s Trade with Indonesia and Thailand
The trade figures for June 2024 were released by SSB on 15 July. We took a look at the trade between Norway and Indonesia and Thailand.
We have listed the main commodities in the trade flow
Thailand
- Seafood exports from Norway are up 3% as compared to same period in 2023
- Fertiliser exports from Norway are up 47% as compared to same period in 2023
- Exports of metal structures, i.e. oil rigs from Thailand are down 6% as compared to same period in 2023. The metal structures are completely dependent on Aibel’s export of oil rigs and offshore transformer stations from Thailand
Export from Norway for Jan-Jun24 is split like this:
- Seafood 49% NOK 1,467 million
- Fertilisers 26% NOK 770 million
- Other goods 25% NOK 745 million
- Total export NOK 2,982 million
- Total import NOK 3,412 million including metal structures of NOK 1,176 million in May 2024
Indonesia
- Seafood exports from Norway are up 17% as compared to same period in 2023.
- Fertiliser exports from Norway are down 34% as compared to same period in 2023. This is mainly due to seasonal fluctuations.
Export from Norway for Jan-Jun24 is split like this:
- Seafood 16% NOK 106 million
- Fertilisers 27% NOK 251 million
- Other goods 66% NOK 883 million
- Total export NOK 1,343 million
- Total import NOK 1,137 million
Compared to 2023 and 2022, exports conditions for Norwegian seafood to Indonesia have improved. In addition, in 2022 and 2023 we saw huge imports of cobalt minerals from Indonesia and these have yet to come in 2024. Apart from this, there are no significant changes in the composition beyond what has been seen during previous periods.
We have also updated the currency exchange graphs of the Norwegian Krone currency exchange rate versus the Thai Baht and the Indonesian Rupiah and also these currencies versus the US Dollar. Further details are available in the graphs available by clicking the blue button below.
View GraphsPhoto: Innovation Norway/Yngve Ask
