Norway’s traditional economic activities include fisheries, fish farming and shipping. In shipping, Norway has the world’s fourth largest fleet in the world. Norway’s exports tripled between the years 1974 and 1981, mostly because of the solid performance of its petroleum sector. The oil and gas sector constitutes about 25% of the Norwegian GDP and spans 52% of Norwegian exports. After Russia, Norway is the world’s most important non-OPEC oil exporter. However, during the same period, Norway’s imports soared by 93%.
In 2008, Norway’s exports to the EU comprised mostly primary products (share is 71%) whereas its share of manufactured goods exports was only 14.1% for the same year. During the same year, services formed a major growing chunk of Norway's world trade. Therefore, Norway’s exported services totaled to €31.1 billion whereas the country’s imports totaled to 29.6 billion.
Norway’s exports include the following:
Oil and gas
Metals, particularly semi-finished steels, ferro-alloys and aluminium