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Pricing

2022
Flag → Flag
Exports $21.1MRnk 90 / 209
2022
Flag → Flag
Top Product $16.9MNon-fillet Fresh Fish
2022
Flag → Flag
Exports $1.17MRnk 57 / 129
2022
Flag → Flag
Top Product $497kNon-Knit Women's Coats
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Norway-Armenia Trade: In 2022, Norway exported $21.1M to Armenia. The main products that Norway exported to Armenia were Non-fillet Fresh Fish ($16.9M), Fish Fillets ($1.81M), and Non-fillet Frozen Fish ($1.05M). Over the past 5 years the exports of Norway to Armenia have increased at an annualized rate of 64.6%, from $1.74M in 2017 to $21.1M in 2022.

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

Armenia-Norway Trade: In 2022, Armenia exported $1.17M to Norway. The main products that Armenia exported to Norway were Non-Knit Women's Coats ($497k), Non-Knit Men's Coats ($396k), and Aluminium Foil ($185k). Over the past 5 years the exports of Armenia to Norway have increased at an annualized rate of 40.7%,  from $213k in 2017 to $1.17M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK43.9M and imported NOK5.01M from Armenia, resulting in a positive trade balance of NOK38.9M. Between October 2023 and October 2024 the exports of Norway have increased by NOK8.57M (24.3%) from NOK35.3M to NOK43.9M, while imports increased by NOK2.41M (92.7%) from NOK2.6M to NOK5.01M.

Trade In October 2024, the top exports of Norway to Armenia were Fish (not marine mammals), crustaceans, molluscs... (NOK3.77M), Miscellaneous manufactured articles, n.e.s. (NOK614k), Rubber manufactures, n.e.s. (NOK60k), Office machines and automatic data-processing machines (NOK19k), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK3k). In October 2024 the top imports of Norway from Armenia were Articles of apparel and clothing accessories (NOK634k), Non-ferrous metals (NOK70k), Plastics in non-primary forms (NOK1k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In October 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... (NOK3.15M or 513%). In October 2024, the increase in Norway's year-by-year imports  from Armenia was explained primarily by an increase in product imports  in Non-ferrous metals (NOK57k or 438%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK8.57M(24.3%)
IMPORT GROWTH (October 2023 - October 2024)NOK2.41M(92.7%)

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 2022, Norway exported $21.1M to Armenia. The main products exported from Norway to Armenia were Non-fillet Fresh Fish ($16.9M), Fish Fillets ($1.81M), and Non-fillet Frozen Fish ($1.05M). During the last 5 years the exports of Norway to Armenia have increased at an annualized rate of 64.6%, from $1.74M in 2017 to $21.1M in 2022.

In 2017, Armenia exported $1.17M to Norway. The main products exported from Armenia to Norway were Non-Knit Women's Coats ($497k), Non-Knit Men's Coats ($396k), and Aluminium Foil ($185k). During the last 5 years the exports of Armenia to Norway have increased at an annualized rate of 40.7%, from $213k in 2022 to $1.17M in 2017.

Exports from Norway (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to Norway (Flag) (2022)

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Armenia
Top DestinationRussia$2.36B

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 2022, countries that imported more from Norway than Armenia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Armenia than Norway included Russia ($2.36B), Iraq ($250M), and Georgia ($260M).

Difference in imports from Armenia (Flag) and Norway (Flag) (2022)

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 2022, Norway had a large net trade with Armenia in the exports of Animal Products ($19.8M), Animal and Vegetable Bi-Products ($427k), and Chemical Products ($360k).

During 2017, Armenia had a large net trade with Norway in the exports of Textiles ($979k), Metals ($185k), and Foodstuffs ($6.28k).

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) (2022)

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