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

About

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.

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.

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

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK618M and imported NOK489M from Ireland, resulting in a positive trade balance of NOK129M. Between December 2023 and December 2024 the exports of Norway have increased by NOK132M (27%) from NOK487M to NOK618M, while imports increased by NOK26.2M (5.66%) from NOK463M to NOK489M.

Trade In December 2024, the top exports of Norway to Ireland were Organic chemicals (NOK246M), Medicinal and pharmaceutical products (NOK125M), Power-generating machinery and equipment (NOK103M), Fish (not marine mammals), crustaceans, molluscs... (NOK69.2M), and Chemical materials and products, n.e.s. (NOK39.5M). In December 2024 the top imports of Norway from Ireland were Medicinal and pharmaceutical products (NOK137M), Fish (not marine mammals), crustaceans, molluscs... (NOK47.2M), Telecommunications and sound-recording and reproducing apparatus... (NOK43.3M), Essential oils and resinoids and perfume... (NOK41.6M), and Professional, scientific and controlling instruments and... (NOK37.7M).

Growth In December 2024, the increase in Norway's year-by-year exports to Ireland was explained primarily by an increase in product exports in Power-generating machinery and equipment (NOK102M or 81.9k%), Medicinal and pharmaceutical products (NOK64.8M or 108%), and Organic chemicals (NOK25.7M or 11.7%). In December 2024, the increase in Norway's year-by-year imports  from Ireland was explained primarily by an increase in product imports  in Medicinal and pharmaceutical products (NOK49.5M or 56.7%), Telecommunications and sound-recording and reproducing apparatus... (NOK21.6M or 99.1%), and Professional, scientific and controlling instruments and... (NOK13.4M or 55.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK132M(27%)
IMPORT GROWTH (December 2023 - December 2024)NOK26.2M(5.66%)

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 Ireland and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ireland and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $824M in 2023.

In 2018, 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 2023 to $496M in 2018.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Norway - Ireland

Flow
Scale

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

During 2023, Norway had a large net trade with Ireland in the exports of Chemical Products ($484M), Mineral Products ($184M), and Animal Products ($66.6M).

During 2018, Ireland had a large net trade with Norway in the exports of Chemical Products ($206M), Machines ($115M), and Instruments ($58.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Ireland+$47.8MCrude Petroleum
Top Product Potential Ireland Norway+$37.8MVaccines, blood, antisera, toxins and cultures

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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Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from Norway (Flag) to Ireland (Flag) (2009)

Services Exports from Ireland (Flag) to Norway (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and Ireland. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Norway.

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

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