Norway (NOR) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Norway-Iraq In 2022, Norway exported $8.64M to Iraq. The main products that Norway exported to Iraq are Electric Generating Sets ($4.49M), Surveying Equipment ($1.5M), and Special purpose motor vehicles ($672k). During the last 27 years the exports of Norway to Iraq have increased at an annualized rate of 15.5%, from $175k in 1995 to $8.64M in 2022.

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

Iraq-Norway In 2022, Iraq exported $148k to Norway. The main products that Iraq exported to Norway were Jewellery ($88.3k), Paintings ($36.6k), and Air Pumps ($6.8k). During the last 27 years the exports of Iraq to Norway have decreased at an annualized rate of 1.77%, from $240k in 1995 to $148k in 2022.

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

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Iraq ranked 104 in the Economic Complexity Index (ECI -0.99), and 36 in total exports ($123B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK949k and imported NOK21k from Iraq, resulting in a positive trade balance of NOK928k. Between February 2023 and February 2024 the exports of Norway have decreased by NOK-4.43M (-82.3%) from NOK5.38M to NOK949k, while imports increased by NOK19k (950%) from NOK2k to NOK21k.

Trade In February 2024, the top exports of Norway to Iraq were Road vehicles (including air-cushion vehicles) (NOK1.75M), General industrial machinery and equipment, n.e.s.,... (NOK308k), Telecommunications and sound-recording and reproducing apparatus... (NOK191k), Machinery specialized for particular industries (NOK60k), and Office machines and automatic data-processing machines (NOK47k). In February 2024 the top imports of Norway from Iraq were Miscellaneous manufactured articles, n.e.s. (NOK9k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0).

Growth In February 2024, the decrease in Norway's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Paper, paperboard and articles of paper... (NOK-1.49M or -99.5%), Telecommunications and sound-recording and reproducing apparatus... (NOK-514k or -72.9%), and Machinery specialized for particular industries (NOK-396k or -86.8%). In February 2024, the increase in Norway's year-by-year imports from Iraq was explained primarily by an increase in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK-4.43M(-82.3%)

IMPORT GROWTH (February 2023 - February 2024)NOK19k(950%)

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 Iraq and Norway trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $8.64M to Iraq. The main products exported from Norway to Iraq were Electric Generating Sets ($4.49M), Surveying Equipment ($1.5M), and Special purpose motor vehicles ($672k). During the last 27 years the exports of Norway to Iraq have increased at an annualized rate of 15.5%, from $175k in 1995 to $8.64M in 2022.

In 2022, Iraq exported $148k to Norway. The main products exported from Iraq to Norway were Jewellery ($88.3k), Paintings ($36.6k), and Air Pumps ($6.8k). During the last 18 years the exports of Iraq to Norway have decreased at an annualized rate of 1.77%, from $240k in 2004 to $148k in 2022.

Exports from Norway () to Iraq () (2022)

Exports from Iraq () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Iraq
Top DestinationIndia$38.8B

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

In 2021, countries that imported more from Norway than Iraq were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Iraq than Norway were India ($38.8B), China ($34B), and South Korea ($8.21B).

Difference in imports from Iraq () and Norway () (2022)

Comparative Advantage Norway - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Iraq in the exports of Machines ($6.05M), Instruments ($1.51M), and Transportation ($749k).

During 2022, Iraq had a large net trade with Norway in the exports of Precious Metals ($89.6k), Arts and Antiques ($36.6k), and Machines ($10.7k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over Iraq. Similarly, the more yellow a dot/product is, the more Iraq has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Norway () to Iraq () (2022)

Exports from Iraq () to Norway () (2022)

Market Competitiveness

Difference in imports from Iraq () and Norway () (2022)

Comparative Advantage Norway - Iraq

Economic Complexity

Competitive Landscape

Product Space of Norway () and Iraq () (2022)

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