Norway's trade with developing countries

This paper presents some characteristics of Norway’s trade with
developing countries. Norwegian trade with low and low middle-income countries has
increased in recent years. Imports have increased more than exports. This is partly because
a large part of Norwegian exports is petroleum sold to other OECD countries. Norwegian
trade with the least developed countries, on the other hand, is stagnant and constitutes only
a minor share of Norwegian foreign trade. This pattern is similar to other OECD countries:
Developing countries increase their share in world trade while least developed countries are
marginalized. By adjusting for size and geographical position of Norwegian trade partners it
is found that Norwegian trade with developing countries is as expected as compared to other
OECD countries.