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2023
Flag → Flag
Exports $496MRnk 38 / 211
2023
Flag → Flag
Top Product $58.9MScented Mixtures
2023
Flag → Flag
Exports $824MRnk 21 / 205
2023
Flag → Flag
Top Product $318MCarboxyamide Compounds
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
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GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
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GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Ireland-Norway Trade: In 2023, Ireland exported $496M to Norway. The main products that Ireland exported to Norway were Scented Mixtures ($58.9M), Packaged Medicaments ($57.8M), and Vaccines, blood, antisera, toxins and cultures ($46.8M). Over the past 5 years the exports of Ireland to Norway have decreased at an annualized rate of 3.96%, from $607M in 2018 to $496M in 2023.

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 2023, Norway exported $824M to Ireland. The main products that Norway exported to Ireland were Carboxyamide Compounds ($318M), Crude Petroleum ($170M), and Mixed Mineral or Chemical Fertilizers ($74.2M). Over the past 5 years the exports of Norway to Ireland have decreased at an annualized rate of 8.35%,  from $1.27B in 2018 to $824M in 2023.

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 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Latest Trends

December, 2024

About

Overview In December 2024, Ireland exported €15.8M and imported €46.9M from Norway, resulting in a negative trade balance of €31.1M. Between December 2023 and December 2024 the exports of Ireland have decreased by €-824k (-4.96%) from €16.6M to €15.8M, while imports increased by €13.4M (40.1%) from €33.5M to €46.9M.

Trade In December 2024, the top exports of Ireland to Norway were Essential oils, perfume materials, toilet preparations... (€4.09M), Medicinal and pharmaceutical products (€4.05M), Chemical materials and products, n.e.s. (€2.92M), Machinery specialised for particular industries (€1.39M), and Power generating machinery and equipment (€854k). In December 2024 the top imports of Ireland from Norway were Organic chemicals (€32.2M), Fish, crustaceans, molluscs and preparations thereof (€7.17M), Fertilisers, manufactured (€3.88M), Inorganic chemicals (€3.39M), and Medicinal and pharmaceutical products (€2.21M).

Growth In December 2024, the decrease in Ireland's year-by-year exports to Norway was explained primarily by an decrease in product exports in Metalliferous ores and metal scrap (€-10M or -100%), General industrial machinery and parts, n.e.s. (€-1.99M or -72.8%), and Essential oils, perfume materials, toilet preparations... (€-1.8M or -30.6%). In December 2024, the increase in Ireland's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Organic chemicals (€7.81M or 32%), Inorganic chemicals (€3.31M or 4.54k%), and Fish, crustaceans, molluscs and preparations thereof (€2.89M or 67.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-824k(-4.96%)
IMPORT GROWTH (December 2023 - December 2024)€13.4M(40.1%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $496M to Norway. The main products exported from Ireland to Norway were Scented Mixtures ($58.9M), Packaged Medicaments ($57.8M), and Vaccines, blood, antisera, toxins and cultures ($46.8M). During the last 5 years the exports of Ireland to Norway have decreased at an annualized rate of 3.96%, from $607M in 2018 to $496M in 2023.

In 2018, Norway exported $824M to Ireland. The main products exported from Norway to Ireland were Carboxyamide Compounds ($318M), Crude Petroleum ($170M), and Mixed Mineral or Chemical Fertilizers ($74.2M). During the last 5 years the exports of Norway to Ireland have decreased at an annualized rate of 8.35%, from $1.27B in 2023 to $824M in 2018.

Exports from Ireland (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Norway
Top DestinationGermany$33.8B

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 2023, countries that imported more from Ireland than Norway included United States ($67.4B), China ($18B), and Belgium ($18.7B).

In 2023, countries that imported more from Norway than Ireland included Sweden ($15.9B), United Kingdom ($32.6B), and Denmark ($12.7B).

Difference in imports from Norway (Flag) and Ireland (Flag) (2023)

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 2023, Ireland had a large net trade with Norway in the exports of Chemical Products ($206M), Machines ($115M), and Instruments ($58.3M).

During 2018, Norway had a large net trade with Ireland in the exports of Chemical Products ($484M), Mineral Products ($184M), and Animal Products ($66.6M).

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) (2023)

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