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2022
Flag → Flag
Exports $755MRnk 24 / 209
2022
Flag → Flag
Top Product $344MCarboxyamide Compounds
2022
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Exports $549MRnk 37 / 210
2022
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Top Product $86.5MZinc Ore
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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 GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
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GDP PC$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186

About

Norway-Ireland Trade: In 2022, Norway exported $755M to Ireland. The main products that Norway exported to Ireland were Carboxyamide Compounds ($344M), Mixed Mineral or Chemical Fertilizers ($90.5M), and Crude Petroleum ($68.1M). Over the past 5 years the exports of Norway to Ireland have decreased at an annualized rate of 9.02%, from $1.21B in 2017 to $755M in 2022.

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 2022, Ireland exported $549M to Norway. The main products that Ireland exported to Norway were Zinc Ore ($86.5M), Scented Mixtures ($64.9M), and Vaccines, blood, antisera, toxins and cultures ($59.6M). Over the past 5 years the exports of Ireland to Norway have decreased at an annualized rate of 4.97%,  from $709M in 2017 to $549M in 2022.

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 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK528M and imported NOK428M from Ireland, resulting in a positive trade balance of NOK101M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-2.16M (-0.41%) from NOK531M to NOK528M, while imports increased by NOK24.8M (6.15%) from NOK403M to NOK428M.

Trade In October 2024, the top exports of Norway to Ireland were Organic chemicals (NOK220M), Chemical materials and products, n.e.s. (NOK117M), Fish (not marine mammals), crustaceans, molluscs... (NOK63.9M), Medicinal and pharmaceutical products (NOK60M), and Paper, paperboard and articles of paper... (NOK45.5M). In October 2024 the top imports of Norway from Ireland were Metalliferous ores and metal scrap (NOK103M), Medicinal and pharmaceutical products (NOK87.3M), Essential oils and resinoids and perfume... (NOK58.4M), Fish (not marine mammals), crustaceans, molluscs... (NOK42.3M), and Office machines and automatic data-processing machines (NOK33.7M).

Growth In October 2024, the decrease in Norway's year-by-year exports to Ireland was explained primarily by an decrease in product exports in Non-ferrous metals (NOK-12.3M or -86.8%), Gas, natural and manufactured (NOK-11M or -100%), and Inorganic chemicals (NOK-9.73M or -19.9%). In October 2024, the increase in Norway's year-by-year imports  from Ireland was explained primarily by an increase in product imports  in Metalliferous ores and metal scrap (NOK50.6M or 95.9%), Power-generating machinery and equipment (NOK16.9M or 901%), and General industrial machinery and equipment, n.e.s.,... (NOK14.9M or 215%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-2.16M(-0.41%)
IMPORT GROWTH (October 2023 - October 2024)NOK24.8M(6.15%)

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 2022, Norway exported $755M to Ireland. The main products exported from Norway to Ireland were Carboxyamide Compounds ($344M), Mixed Mineral or Chemical Fertilizers ($90.5M), and Crude Petroleum ($68.1M). During the last 5 years the exports of Norway to Ireland have decreased at an annualized rate of 9.02%, from $1.21B in 2017 to $755M in 2022.

In 2017, Ireland exported $549M to Norway. The main products exported from Ireland to Norway were Zinc Ore ($86.5M), Scented Mixtures ($64.9M), and Vaccines, blood, antisera, toxins and cultures ($59.6M). During the last 5 years the exports of Ireland to Norway have decreased at an annualized rate of 4.97%, from $709M in 2022 to $549M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Ireland than Norway included United States ($70.7B), China ($16.7B), and Japan ($6.24B).

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

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 2022, Norway had a large net trade with Ireland in the exports of Chemical Products ($515M), Mineral Products ($87.5M), and Animal Products ($56.5M).

During 2017, Ireland had a large net trade with Norway in the exports of Chemical Products ($225M), Mineral Products ($110M), and Machines ($84.9M).

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) (2022)

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