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Pair · Q2 2026 · Aug 2025–Jul 2026

Goods, bank claims, portfolio holdings and direct investment between China and Norway, each channel at its own period. Left, China to Norway; right, Norway to China.

Finance to trade

positions ÷ goods, both directions
Finance to trade0.2×positions ÷ goods, both directions
Financial positions, both directions3.9USD bn
Goods, both directions21.2USD bn

Bank, and positions in both directions over goods trade in both directions; financial centres show very high ratios because they hold securities for others.

Positions at the periods above, goods in the 12-month window. Calculations: datasteg.

The pair through time

2006–Jul 2026

Each channel at its own period on one time axis: goods every month (12-month windows), bank claims every quarter, portfolio holdings every half year, direct investment every year, and below them the finance-to-trade ratio by quarter. Solid lines are reported flows, dashed stretches estimated; the band between a goods line and its other report is the mirror gap where both reports exist. A month with no goods line is one where the pair fell below trade-flow’s 1,500 largest flows.

SinceChina → NorwayNorway → Chinaother report (mirror gap)estimated
Goods · 12-month windows, monthly · USD bnJul 2026 · 15.0 / 6.201020Bank claims · quarterly · USD bnnot reported011Portfolio holdings · half-yearly · USD bnDec 2025 · 0.4 / 16.602550Direct investment · annual · USD bn2024 · 2.2 / 1.3035Finance to trade · quarterly, positions both ways ÷ goods both waysnot reported0.0×1.0×2.0×20062008201020122014201620182020202220242026
Sources

The ratio starts in 2009, when the direct-investment survey begins: bank claims at the quarter, portfolio and direct investment at their latest period at or before it, goods in the 12 months to the quarter end. Calculations: datasteg global-network.

Goods China → Norway

Aug 2025–Jul 2026

exports of China to Norway, 12 months

Exports, 12 months15.0USD bnreported
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

Goods Norway → China

Aug 2025–Jul 2026

exports of Norway to China, 12 months

Exports, 12 months6.2USD bnspliced
–importer’s report ÷ exporter’s
Sources

Window Aug 2025–Jul 2026. Importer-reported where filed, partner-reported or estimated otherwise (tagged). Mirror ratio: the importer’s report over the exporter’s.

China → Norway

Q2 2026

loans and deposits of banks in China on residents of Norway

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

Norway → China

Q2 2026

loans and deposits of banks in Norway on residents of China

Position–Not reported
Flow in the quarter–
Sources

Loans and deposits, all sectors and currencies, residence basis, Q2 2026. Flow as published by the BIS.

China → Norway

Q4 2025

securities issued in Norway held by investors in China

Total0.4USD bn
Equity0.3USD bn
Debt securities0.1USD bn
Sources

Holder to issuer, Q4 2025.

Norway → China

Q4 2025

securities issued in China held by investors in Norway

Total–Not reported
Equity–
Debt securities–
Sources

Holder to issuer, Q4 2025.

China → Norway

2024

position of investors in China in Norway

Position2.2USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.

Norway → China

2024

position of investors in Norway in China

Position1.3USD bn
Reportthe host’s
Sources

Investor to host, 2024; one report per pair, the host’s first.