Armenia (ARM) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Armenia-Norway Trade: In 2022, Armenia exported $1.17M to Norway. The main products that Armenia exported to Norway were Non-Knit Women's Coats ($497k), Non-Knit Men's Coats ($396k), and Aluminium Foil ($185k). Over the past 5 years the exports of Armenia to Norway have increased at an annualized rate of 40.7%, from $213k in 2017 to $1.17M in 2022.

In 2022, Armenia did not export any services to Norway.

Norway-Armenia Trade: In 2022, Norway exported $21.1M to Armenia. The main products that Norway exported to Armenia were Non-fillet Fresh Fish ($16.9M), Fish Fillets ($1.81M), and Non-fillet Frozen Fish ($1.05M). Over the past 5 years the exports of Norway to Armenia have increased at an annualized rate of 64.6%, from $1.74M in 2017 to $21.1M in 2022.

In 2022, Norway did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $1.17M to Norway. The main products exported from Armenia to Norway were Non-Knit Women's Coats ($497k), Non-Knit Men's Coats ($396k), and Aluminium Foil ($185k). During the last 5 years the exports of Armenia to Norway have increased at an annualized rate of 40.7%, from $213k in 2017 to $1.17M in 2022.

In 2017, Norway exported $21.1M to Armenia. The main products exported from Norway to Armenia were Non-fillet Fresh Fish ($16.9M), Fish Fillets ($1.81M), and Non-fillet Frozen Fish ($1.05M). During the last 5 years the exports of Norway to Armenia have increased at an annualized rate of 64.6%, from $1.74M in 2022 to $21.1M in 2017.

Exports from Armenia () to Norway () (2022)

Exports from Norway () to Armenia () (2022)

Latest Data

Trade between Armenia () and Norway ()

Armenia Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Norway
Top DestinationGermany$78.1B

This map shows whether countries import more from Armenia or Norway. Each country is colored based on the difference in imports they receive from Armenia and Norway or the difference in the growth in imports.

In 2022, countries that imported more from Armenia than Norway included Russia ($2.36B), Iraq ($250M), and Georgia ($260M).

In 2022, countries that imported more from Norway than Armenia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway () and Armenia () (2022)

Comparative Advantage Armenia - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Norway by product, considering products traded by both, Armenia and Norway.

During 2022, Armenia had a large net trade with Norway in the exports of Textiles ($979k), Metals ($185k), and Foodstuffs ($6.28k).

During 2017, Norway had a large net trade with Armenia in the exports of Animal Products ($19.8M), Animal and Vegetable Bi-Products ($427k), and Chemical Products ($360k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Norway+$499kNon-Knit Women's Coats

Top Product Potential Norway Armenia+$421kNon-fillet Frozen Fish

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Armenia and Norway. This means that a dot/product with the flag of Armenia indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Armenia.

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Norway () (2022)

Exports from Norway () to Armenia () (2022)

Latest Data

Trade between Armenia () and Norway ()

Armenia Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Armenia () (2022)

Comparative Advantage Armenia - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Norway () (2022)

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