Ireland (IRL) and Norway (NOR) Trade | The Observatory of Economic Complexity

About

Ireland-Norway In 2022, Ireland exported $549M to Norway. The main products that Ireland exported to Norway are Zinc Ore ($86.5M), Scented Mixtures ($64.9M), and Vaccines, blood, antisera, toxins and cultures ($59.6M). During the last 27 years the exports of Ireland to Norway have increased at an annualized rate of 0.34%, from $501M in 1995 to $549M 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 In 2022, Norway exported $755M 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). During the last 27 years the exports of Norway to Ireland have increased at an annualized rate of 2.33%, from $406M in 1995 to $755M 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 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B). That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Latest Trends

January, 2024

About

Overview In January 2024, Ireland exported €19.2M and imported €53.4M from Norway, resulting in a negative trade balance of €34.2M. Between January 2023 and January 2024 the exports of Ireland have decreased by €-16.1M (-45.6%) from €35.3M to €19.2M, while imports increased by €9.17M (20.7%) from €44.2M to €53.4M.

Trade In January 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 January 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 January 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 January 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

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-16.1M(-45.6%)

IMPORT GROWTH (January 2023 - January 2024)€9.17M(20.7%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ireland exported $549M 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 27 years the exports of Ireland to Norway have increased at an annualized rate of 0.34%, from $501M in 1995 to $549M in 2022.

In 2022, Norway exported $755M 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 27 years the exports of Norway to Ireland have increased at an annualized rate of 2.33%, from $406M in 1995 to $755M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Ireland than Norway were United States ($70.7B), China ($16.7B), and Japan ($6.24B).

In 2021, countries that imported more from Norway than Ireland were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Ireland - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Norway had a large net trade with Ireland in the exports of Chemical Products ($515M), Mineral Products ($87.5M), and Animal Products ($56.5M).

Service Trade

Bilateral Service Trade

Nor Year

Irl Year

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.

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.

Service trade data is presented based on availability.

Services Exports from Ireland () to Norway () (2020)

Services Exports from Norway () to Ireland () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Ireland.

About

Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Ireland - Norway

Service Trade

Bilateral Service Trade

Services Exports from Ireland () to Norway () (2020)

Services Exports from Norway () to Ireland () (2009)

Economic Complexity

Competitive Landscape

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

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