Norway (NOR) and Armenia (ARM) Trade | The Observatory of Economic Complexity

About

Norway-Armenia In 2022, Norway exported $21.1M to Armenia. The main products that Norway exported to Armenia are Non-fillet Fresh Fish ($16.9M), Fish Fillets ($1.81M), and Non-fillet Frozen Fish ($1.05M). During the last 27 years the exports of Norway to Armenia have increased at an annualized rate of 14.5%, from $545k in 1995 to $21.1M in 2022.

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

Armenia-Norway 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). During the last 27 years the exports of Armenia to Norway have increased at an annualized rate of 29.8%, from $1.02k in 1995 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

March, 2024

About

Overview In March 2024, Norway exported NOK21.4M and imported NOK1.29M from Armenia, resulting in a positive trade balance of NOK20.1M. Between March 2023 and March 2024 the exports of Norway have increased by NOK3.91M (22.3%) from NOK17.5M to NOK21.4M, while imports increased by NOK446k (52.9%) from NOK843k to NOK1.29M.

Trade In March 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 March 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 March 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 March 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)NOK3.91M(22.3%)

IMPORT GROWTH (March 2023 - March 2024)NOK446k(52.9%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Norway to Armenia have increased at an annualized rate of 14.5%, from $545k in 1995 to $21.1M in 2022.

In 2022, 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 26 years the exports of Armenia to Norway have increased at an annualized rate of 29.8%, from $1.02k in 1996 to $1.17M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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

In 2021, countries that imported more from Armenia than Norway were Russia ($2.36B), Iraq ($250M), and Georgia ($260M).

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

Comparative Advantage Norway - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Armenia had a large net trade with Norway in the exports of Textiles ($979k), Metals ($185k), and Foodstuffs ($6.28k).

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 Armenia. Similarly, the more yellow a dot/product is, the more Armenia 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 Armenia () (2022)

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

Market Competitiveness

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

Comparative Advantage Norway - Armenia

Economic Complexity

Competitive Landscape

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

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