Exporting to Norway

Norway is the UK's 12th largest trading partner. Total trade between the UK and Norway was worth £27.2 billion from March 2018 - March 2019. 43% of the UK’s exports to Norway are services (ONS, 2019).

Consumer market

Norwegians are keen on British brands and products. The market is technologically and digitally advanced. Norwegians are early adopters of technology.

Business environment

Norway is the 7th best country in the world for doing business, according to the World Bank 2019 report.

Proximity

Norway is one of the UK’s closest neighbours. It can be reached in a 2-hour flight.

Ease of doing business

7

out of 190 countries (World Bank, 2019)

Currency

Norwegian krone

Business language

English is widely spoken

GDP per capita

$81,690

UK is $42,558 (IMF, 2018)

Economic growth

1.4%

(IMF, 2018)

Time zone

GMT +1

Opportunities for exporters

There is demand for UK-manufactured products and services across many sectors in Norway. This includes products and services for oil and gas, and finance. There is also demand for medical and pharmaceutical products, and a wide range of consumer goods.

Doing business in Norway

Preparing to export

VAT

VAT rate (2019) in Norway is 25%. Exemptions include:

  • 15% for food and drink
  • 12% for certain cultural and sporting activities
  • 11.1% for the supply of raw fish
  • 0% for e-books

Foreign businesses operating in Norway must comply with Norwegian VAT rules and be VAT registered if sales or withdrawals liable for VAT exceed 50,000 krone over 12 months.

For more information, read about calculating taxes on Norway’s customs website.

Regulations

The Norwegian Standards Authority is responsible for standardisation, certification and assessment of product standards.

Norway has adopted the EU’s CE mark on some products sold in the EU.

The Norwegian Food Safety Authority, Mattilsynet, is responsible for regulating:

  • food and water
  • animals
  • fish and aquaculture
  • plants
  • cosmetics

Direktoratet for Byggkvalitet is responsible for building regulations.

Intellectual property

As a first step, we advise you to speak to an intellectual property lawyer if you think you need patent protection when exporting.

All trademark and patent applications for Norway must be registered with Norway’s Patent Office Patentstyret.

Operating in Norway

Payment terms

These depend on the sector you are operating in and the company you are trading with. Norwegian companies are used to dealing in GBP and EUR as well as Norwegian Krone.

Next steps

DIT can advise you on doing business abroad, and help put you in touch with other people who can help such as lawyers and distributors.