Identifying a supplier in Norway

Industrial and Manufacturing Profile

Industry accounts for 29.1% of the GDP. Oil and gas field machinery, food processing, offshore industry, fishing, shipbuilding, metals and mechanical engineering are the most significant forms of industry. Of the 50 largest companies in Norway, 10 are oil companies and numerous others are associated with the offshore industry.

Mechanical engineering is a major sector in terms of turnover, number of employees and exports. The sector has about 4,000 firms and produces about 6% of the GDP. The forest industry employs over 20,000 people and is a major exporter. The biggest companies are Moelven and Norske Skog. Food processing industry produces about 2% of the GDP and mostly sells its products in domestic markets. Firms are mostly small or mid-size. The metal industry is dominated by few big corporations, such as HydroStatoil, Elkem and Fesil, and exports over 80% of its production.

Norway is one of the leading countries in the world in shipbuilding. Norwegian corporations have a 25% market share in cruise ship production and a 20% market share in the production of liquefied gas tankers and chemical tankers. 30% of all publically traded shipping companies in the world are listed in the Oslo stock exchange.