Market Research in Norway
Norway is a prosperous Scandinavian country in Europe. Norway’s economy is an advanced one, with heavy government intervention in certain areas. Historically, the country was dependent on timber, agriculture and fishing. By the end of 1969, huge oil deposits were found in the North Sea, and this was a turning point for Norway.
Fish farming, fisheries and shipping are Norway’s traditional exports. The country also exports shipping, oil and gas, industrial machinery, wood products, hydroelectricity, transport equipment, seafood and other food processing, timber, metals (especially ferro-alloys, semi-finished steels, and aluminum), chemicals, unwrought metals and the building and operation of large offshore installations.
More than two-fifths of Norway’s national income is derived from foreign trade, in the form of shipping services all over the world, and commodities shipped primarily to Western Europe. The vast majority of Norway’s petroleum exports go to the countries of the European Union. Principal trading partners for other exports are Sweden, the United Kingdom, and the Netherlands.