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2022
Flag → Flag
Exports $709MRnk 37 / 210
2022
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Top Product $86.5MZinc Ore
2022
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Exports $1.21BRnk 24 / 209
2022
Flag → Flag
Top Product $344MCarboxyamide Compounds
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Ireland-Norway Trade: In 2022, Ireland exported $709M to Norway. The main products that Ireland exported to Norway were Zinc Ore ($86.5M), Scented Mixtures ($64.9M), and Vaccines, blood, antisera, toxins and cultures ($59.6M). Over the past 5 years the exports of Ireland to Norway have increased at an annualized rate of 7.19%, from $501M in 2017 to $709M in 2022.

In 2020, Ireland exported services to Norway worth $924M, with Other business services ($692M), Transportation ($87.9M), and Financial services ($77.7M) being the largest in terms of value.

Norway-Ireland Trade: In 2022, Norway exported $1.21B to Ireland. The main products that Norway exported to Ireland were Carboxyamide Compounds ($344M), Mixed Mineral or Chemical Fertilizers ($90.5M), and Crude Petroleum ($68.1M). Over the past 5 years the exports of Norway to Ireland have increased at an annualized rate of 24.4%,  from $406M in 2017 to $1.21B in 2022.

In 2009, Norway exported services to Ireland worth $142M, with Other business services ($97.7M), Travel ($18.2M), and Transportation ($12.3M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Latest Trends

April, 2024

About

Overview In April 2024, Ireland exported €24.3M and imported €59.5M from Norway, resulting in a negative trade balance of €35.2M. Between April 2023 and April 2024 the exports of Ireland have decreased by €-1.88k (-0.0078%) from €24.3M to €24.3M, while imports increased by €13.2M (28.5%) from €46.3M to €59.5M.

Trade In April 2024, the top exports of Ireland to Norway were Metalliferous ores and metal scrap (€10M), Essential oils, perfume materials, toilet preparations... (€5.89M), Medicinal and pharmaceutical products (€4.37M), Chemical materials and products, n.e.s. (€3.08M), and General industrial machinery and parts, n.e.s. (€2.74M). In April 2024 the top imports of Ireland from Norway were Organic chemicals (€24.4M), Fertilisers, manufactured (€12M), Fish, crustaceans, molluscs and preparations thereof (€4.28M), Machinery specialised for particular industries (€743k), and Plastics in primary forms (€431k).

Growth In April 2024, the decrease in Ireland's year-by-year exports to Norway was explained primarily by an decrease in product exports in Medicinal and pharmaceutical products (€-3.81M or -46.6%), Inorganic chemicals (€-1.43M or -99.9%), and Plastics in primary forms (€-381k or -69.7%). In April 2024, the increase in Ireland's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Fertilisers, manufactured (€9.35M or 347%), Fish, crustaceans, molluscs and preparations thereof (€2.03M or 90.4%), and Chemical materials and products, n.e.s. (€292k or 471%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)€-1.88k(-0.0078%)
IMPORT GROWTH (April 2023 - April 2024)€13.2M(28.5%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Norway and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $709M to Norway. The main products exported from Ireland to Norway were Zinc Ore ($86.5M), Scented Mixtures ($64.9M), and Vaccines, blood, antisera, toxins and cultures ($59.6M). During the last 5 years the exports of Ireland to Norway have increased at an annualized rate of 7.19%, from $501M in 2017 to $709M in 2022.

In 2017, Norway exported $1.21B to Ireland. The main products exported from Norway to Ireland were Carboxyamide Compounds ($344M), Mixed Mineral or Chemical Fertilizers ($90.5M), and Crude Petroleum ($68.1M). During the last 22 years the exports of Norway to Ireland have increased at an annualized rate of 24.4%, from $406M in 1995 to $1.21B in 2017.

Exports from Ireland (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Ireland than Norway included United States ($70.7B), China ($16.7B), and Japan ($6.24B).

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

Difference in imports from Norway (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Norway

Flow
Scale

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

During 2022, Ireland had a large net trade with Norway in the exports of Chemical Products ($225M), Mineral Products ($110M), and Machines ($84.9M).

During 2017, Norway had a large net trade with Ireland in the exports of Chemical Products ($515M), Mineral Products ($87.5M), and Animal Products ($56.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Norway+$37.8MVaccines, blood, antisera, toxins and cultures
Top Product Potential Norway Ireland+$47.8MCrude Petroleum

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

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

Product Space of Ireland (Flag) and Norway (Flag) (2022)

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