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

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Israel-Norway Trade: In 2023, Israel exported $116M to Norway. The main products that Israel exported to Norway were Chlorides ($18.4M), Audio Alarms ($6.7M), and Citrus ($6.43M). Over the past 5 years the exports of Israel to Norway have increased at an annualized rate of 1.63%, from $107M in 2018 to $116M in 2023.

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

Norway-Israel Trade: In 2023, Norway exported $246M to Israel. The main products that Norway exported to Israel were Fish Fillets ($169M), Non-fillet Fresh Fish ($18.8M), and Non-fillet Frozen Fish ($9.32M). Over the past 5 years the exports of Norway to Israel have increased at an annualized rate of 3.41%, from $201M in 2018 to $246M in 2023.

In 2023, Norway did not export any services to Israel.

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Israel exported $116M to Norway. The main products exported from Israel to Norway were Chlorides ($18.4M), Audio Alarms ($6.7M), and Citrus ($6.43M). During the last 5 years the exports of Israel to Norway have increased at an annualized rate of 1.63%, from $107M in 2018 to $116M in 2023.

In 2018, Norway exported $246M to Israel. The main products exported from Norway to Israel were Fish Fillets ($169M), Non-fillet Fresh Fish ($18.8M), and Non-fillet Frozen Fish ($9.32M). During the last 5 years the exports of Norway to Israel have increased at an annualized rate of 3.41%, from $201M in 2023 to $246M in 2018.

Exports from Israel () to Norway () (2023)

Exports from Norway () to Israel () (2023)

Latest Data

Trade between Israel () and Norway ()

Israel Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Israel than Norway included United States ($20.3B), Ireland ($4.22B), and China ($7.09B).

In 2023, countries that imported more from Norway than Israel included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

Difference in imports from Norway () and Israel () (2023)

Comparative Advantage Israel - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Norway in the exports of Chemical Products ($27.9M), Machines ($27.5M), and Vegetable Products ($18.1M).

During 2018, Norway had a large net trade with Israel in the exports of Animal Products ($201M), Machines ($10.7M), and Paper Goods ($9.97M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Norway+$4.39MTelephones

Top Product Potential Norway Israel+$3.38MNon-fillet Fresh 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 Israel and Norway. This means that a dot/product with the flag of Israel indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Israel.

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Historical Data

Bilateral Trade by Products

Exports from Israel () to Norway () (2023)

Exports from Norway () to Israel () (2023)

Latest Data

Trade between Israel () and Norway ()

Israel Exports

Norway Exports

Market Competitiveness

Difference in imports from Norway () and Israel () (2023)

Comparative Advantage Israel - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Israel () and Norway () (2023)

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