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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Exporting to Norway
Norway Country Profile
Official Name (Local Language) Kongeriket Norge
Capital Oslo
Population 5,265,158
Currency Norwegian Kroner
GDP $376.3 billion
Languages Norwegian
Phone Dial In 47
Norway Exports Profile
Exports ($m USD) 85,526
Number of Export Products 4,367
Number of Export Partners 200
Norway Economic Statistics
Government Website | https://www.regjeringen.no/ |
| Sovereign Ratings | https://countryeconomy.com/ratings/norway |
| Central Bank | Norges Bank |
| Currency USD Exchange Rate | 8.615 |
| Unemployment Rate | 4.4% |
| Population below poverty line | NA |
| Inflation Rate | 3.5% |
| Prime Lending Rate | 6.25% |
| GDP | $376.3 billion |
| GDP Pro Capita (PPP) | $69,300 |
| Currency Name | Norwegian Kroner |
| Currency Code | NOK |
| World Bank Classification | High Income |
| Competitive Industrial Performance | 11/138 |
| Corruption Perceptions Index | 3/180 |
| Ease of Doing Business | 7/190 |
| Enabling Trade Index | 17/136 |
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Norway has a population of over 5 million people; it is a high-income economy and is a member of the OECD. In terms of rankings, it has the second GDP per capita in the world and the best index of quality of life in the world.
The main trade with Norway has been mainly with the EU. The total GDP of Noway is around $511 billion and Norway’s GDP per capita is around $101,000, which makes it the second highest in the European Economic Area (EEA) following Luxembourg. Norway emerged as the EU’s most valuable import partner for trade in goods totalling around €91 billion. There is a surplus of around €48 billion in relation to Norway’s trade with the EU. The European Economic Area (EEA) Agreement will protect Norwegian market interests in the main European market.
Exporting to Norway: What is trade finance?
Norway has a population of over 5 million people; it is a high-income economy and is a member of the OECD. In terms of rankings, it has the second GDP per capita in the world and the best index of quality of life in the world.
The main trade with Norway has been mainly with the EU. The total GDP of Noway is around $511 billion and Norway’s GDP per capita is around $101,000, which makes it the second highest in the European Economic Area (EEA) following Luxembourg. Norway emerged as the EU’s most valuable import partner for trade in goods totalling around €91 billion. There is a surplus of around €48 billion in relation to Norway’s trade with the EU. The European Economic Area (EEA) Agreement will protect Norwegian market interests in the main European market.
Chart Showing GDP Growth Compared to rest of world
GDP Composition for Norway
Agriculture
1.8%
Barley, wheat, potatoes; pork, beef, veal, milk; fish
Industry
34.7%
Petroleum and gas, shipping, fishing, aquaculture, food processing, shipbuilding, pulp and paper products, metals, chemicals, timber, mining, textiles
Services
63.5%
Map
Top 5 Import Partners
| Country | Trade | % Partner Share |
| Sweden | 9,819 | 11.48 |
| Germany | 9,487 | 11.09 |
| China | 8,410 | 9.83 |
| United States | 5,816 | 6.80 |
| Korea, Rep. | 5,787 | 6.77 |
Top 5 Import Products
| Export Product | Number |
| Structures and parts of structures,i or s | 7.4% |
| Automobiles nes including gas turbine powered | 5.2% |
| Petroleum oils, etc, (excl. crude); preparation | 2.8% |
| Automobiles with diesel engine displacing more | 2.1% |
| Transmission apparatus, for radioteleph incorpo | 2.0% |
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