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Pricing

2023
Flag → Flag
Exports $9.85MRnk 107 / 205
2023
Flag → Flag
Top Product $3.46MFish Fillets
2023
Flag → Flag
Exports $1.51MRnk 57 / 133
2023
Flag → Flag
Top Product $1.05MNon-Knit Men's Coats
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.094Rnk 57 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$24.1BCURRENT US$
Rnk 114 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$8,053CURRENT US$
Rnk 96 / 196
2013-2023
Flag
GDP PC GROWTH119%CURRENT US$
Rnk 4 / 195

About

Norway-Armenia Trade: In 2023, Norway exported $9.85M to Armenia. The main products that Norway exported to Armenia were Fish Fillets ($3.46M), Non-fillet Fresh Fish ($2.95M), and Non-fillet Frozen Fish ($884k). Over the past 5 years the exports of Norway to Armenia have increased at an annualized rate of 38.3%, from $1.95M in 2018 to $9.85M in 2023.

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

Armenia-Norway Trade: In 2023, Armenia exported $1.51M to Norway. The main products that Armenia exported to Norway were Non-Knit Men's Coats ($1.05M), Non-Knit Women's Coats ($338k), and Aluminium Foil ($25.1k). Over the past 5 years the exports of Armenia to Norway have increased at an annualized rate of 42.2%,  from $259k in 2018 to $1.51M in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Armenia ranked 57 in the Economic Complexity Index (ECI 0.094), and 107 in total exports ($9.02B).

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK37.1M and imported NOK7.89M from Armenia, resulting in a positive trade balance of NOK29.3M. Between December 2023 and December 2024 the exports of Norway have increased by NOK2.08M (5.94%) from NOK35.1M to NOK37.1M, while imports increased by NOK7.47M (1.79k%) from NOK418k to NOK7.89M.

Trade In December 2024, the top exports of Norway to Armenia were Fish (not marine mammals), crustaceans, molluscs... (NOK25.1M), Road vehicles (including air-cushion vehicles) (NOK405k), Miscellaneous manufactured articles, n.e.s. (NOK91k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0). In December 2024 the top imports of Norway from Armenia were Articles of apparel and clothing accessories (NOK1.17M), Non-ferrous metals (NOK14k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0).

Growth In December 2024, the increase in Norway's year-by-year exports to Armenia was explained primarily by an increase in product exports in Fish (not marine mammals), crustaceans, molluscs... (NOK21.3M or 566%). In December 2024, the increase in Norway's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK2.08M(5.94%)
IMPORT GROWTH (December 2023 - December 2024)NOK7.47M(1.79k%)

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 Armenia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Armenia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $9.85M to Armenia. The main products exported from Norway to Armenia were Fish Fillets ($3.46M), Non-fillet Fresh Fish ($2.95M), and Non-fillet Frozen Fish ($884k). During the last 5 years the exports of Norway to Armenia have increased at an annualized rate of 38.3%, from $1.95M in 2018 to $9.85M in 2023.

In 2018, Armenia exported $1.51M to Norway. The main products exported from Armenia to Norway were Non-Knit Men's Coats ($1.05M), Non-Knit Women's Coats ($338k), and Aluminium Foil ($25.1k). During the last 5 years the exports of Armenia to Norway have increased at an annualized rate of 42.2%, from $259k in 2023 to $1.51M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Armenia
Top DestinationRussia$3.38B

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

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

In 2023, countries that imported more from Armenia than Norway included Russia ($3.38B), United Arab Emirates ($2.25B), and Hong Kong ($669M).

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

Comparative Advantage Norway - Armenia

Flow
Scale

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

During 2023, Norway had a large net trade with Armenia in the exports of Animal Products ($7.29M), Chemical Products ($860k), and Transportation ($671k).

During 2018, Armenia had a large net trade with Norway in the exports of Textiles ($1.46M), Metals ($25.1k), and Machines ($13.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Armenia+$421kNon-fillet Frozen Fish
Top Product Potential Armenia Norway+$499kNon-Knit Women's Coats

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 Norway and Armenia. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Norway.

Product Space of Norway (Flag) and Armenia (Flag) (2023)

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