Norway (NOR) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Norway-Israel In 2022, Norway exported $429M to Israel. The main products that Norway exported to Israel are Fish Fillets ($207M), Passenger and Cargo Ships ($135M), and Non-fillet Fresh Fish ($26.5M). During the last 27 years the exports of Norway to Israel have increased at an annualized rate of 3.59%, from $165M in 1995 to $429M in 2022.

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

Israel-Norway In 2022, Israel exported $127M to Norway. The main products that Israel exported to Norway were Chlorides ($9.31M), Audio Alarms ($8.22M), and Citrus ($6.71M). During the last 27 years the exports of Israel to Norway have increased at an annualized rate of 3.65%, from $48.1M in 1995 to $127M in 2022.

In 2012, Israel exported services to Norway worth $0, with being the largest in terms of value.

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Israel ranked 19 in the Economic Complexity Index (ECI 1.17), and 49 in total exports ($76.9B).

Latest Trends

February, 2024

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Overview In February 2024, Norway exported NOK197M and imported NOK151M from Israel, resulting in a positive trade balance of NOK46.6M. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-52M (-20.9%) from NOK249M to NOK197M, while imports increased by NOK64M (73.9%) from NOK86.6M to NOK151M.

Trade In February 2024, the top exports of Norway to Israel were Fish (not marine mammals), crustaceans, molluscs... (NOK149M), Paper, paperboard and articles of paper... (NOK3.93M), Machinery specialized for particular industries (NOK3.65M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.85M), and Telecommunications and sound-recording and reproducing apparatus... (NOK2.32M). In February 2024 the top imports of Norway from Israel were Chemical materials and products, n.e.s. (NOK57.2M), Vegetables and fruit (NOK11.9M), Road vehicles (including air-cushion vehicles) (NOK8.91M), Inorganic chemicals (NOK8.69M), and General industrial machinery and equipment, n.e.s.,... (NOK8.05M).

Growth In February 2024, the decrease in Norway's year-by-year exports to Israel was explained primarily by an decrease in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK-24.8M or -14.3%), Non-ferrous metals (NOK-11.7M or -100%), and Paper, paperboard and articles of paper... (NOK-2.83M or -41.8%). In February 2024, the increase in Norway's year-by-year imports from Israel was explained primarily by an increase in product imports in Chemical materials and products, n.e.s. (NOK36.3M or 174%), Road vehicles (including air-cushion vehicles) (NOK8.82M or 9.48k%), and Inorganic chemicals (NOK7.97M or 1.11k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-52M(-20.9%)

IMPORT GROWTH (February 2023 - February 2024)NOK64M(73.9%)

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

To check Israel and Norway 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, Norway exported $429M to Israel. The main products exported from Norway to Israel were Fish Fillets ($207M), Passenger and Cargo Ships ($135M), and Non-fillet Fresh Fish ($26.5M). During the last 27 years the exports of Norway to Israel have increased at an annualized rate of 3.59%, from $165M in 1995 to $429M in 2022.

In 2022, Israel exported $127M to Norway. The main products exported from Israel to Norway were Chlorides ($9.31M), Audio Alarms ($8.22M), and Citrus ($6.71M). During the last 27 years the exports of Israel to Norway have increased at an annualized rate of 3.65%, from $48.1M in 1995 to $127M in 2022.

Exports from Norway () to Israel () (2022)

Exports from Israel () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Israel
Top DestinationUnited States$20.3B

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

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

In 2021, countries that imported more from Israel than Norway were United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

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

Comparative Advantage Norway - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Israel in the exports of Animal Products ($248M), Transportation ($136M), and Machines ($18.7M).

During 2022, Israel had a large net trade with Norway in the exports of Machines ($36.6M), Chemical Products ($20M), and Vegetable Products ($19.7M).

Service Trade

Bilateral Service Trade

Isr Year

In 2012, Israel exported services to Norway worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Israel () to Norway () (2012)

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 Norway has comparative advantage over Israel. Similarly, the more yellow a dot/product is, the more Israel has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Israel () (2022)

Exports from Israel () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Israel

Service Trade

Bilateral Service Trade

Services Exports from Israel () to Norway () (2012)

Economic Complexity

Competitive Landscape

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

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