Foreign trade
Foreign trade has an impact on the country's economic growth and, consequently, on the quality of life of its inhabitants. Thanks to the oil and gas deposits discovered in 1967 on the North Sea shelf and , the country has become the largest oil producer in Europe. In addition, access to the two seas mentioned above and the Barents Sea has allowed Norway to occupy a leading position in the world in the fishing sector. Statistics from the Observatory of Economic Complexity (OEC) show that in 2018, the value of exported fish amounted to Its main customers were the countries of the European Union, with Poland in the lead.
The political situation between Norway and Poland
Over the past 15 years, trade relations between Norway and Poland have strengthened and had a positive impact on export volumes. The year of Poland's accession to the European Union is considered a turning point for both countries. The two economies began cooperation based on the Agreement on the European Economic Area (EEA) and the Agreement between the European Economic Community (EEC) and the Kingdom of Norway on free trade. These signed agreements have a positive impact on both economies, as the volume of Polish-Norwegian trade has continued to increase. According to the Central Statistical Office, its balance increased from $2.47 billion in 2004 to just over $7.05 billion in 2013. And in 2018, it amounted to $9.52 billion.