Norway (NOR) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Norway-Ireland In 2022, Norway exported $755M to Ireland. The main products that Norway exported to Ireland are Carboxyamide Compounds ($344M), Mixed Mineral or Chemical Fertilizers ($90.5M), and Crude Petroleum ($68.1M). During the last 27 years the exports of Norway to Ireland have increased at an annualized rate of 2.33%, from $406M in 1995 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 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). During the last 27 years the exports of Ireland to Norway have increased at an annualized rate of 0.34%, from $501M in 1995 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 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK612M and imported NOK608M from Ireland, resulting in a positive trade balance of NOK4.29M. Between February 2023 and February 2024 the exports of Norway have increased by NOK85.3M (16.2%) from NOK527M to NOK612M, while imports increased by NOK166M (37.4%) from NOK442M to NOK608M.

Trade In February 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 February 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 February 2024, the increase in Norway's year-by-year exports to Ireland was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (NOK79.3M or 209%), Organic chemicals (NOK64.5M or 41.4%), and Medicinal and pharmaceutical products (NOK56.2M or 1.49k%). In February 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK85.3M(16.2%)

IMPORT GROWTH (February 2023 - February 2024)NOK166M(37.4%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Norway to Ireland have increased at an annualized rate of 2.33%, from $406M in 1995 to $755M in 2022.

In 2022, 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 27 years the exports of Ireland to Norway have increased at an annualized rate of 0.34%, from $501M in 1995 to $549M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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

In 2021, countries that imported more from Ireland than Norway were United States ($70.7B), China ($16.7B), and Japan ($6.24B).

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

Comparative Advantage Norway - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Ireland had a large net trade with Norway in the exports of Chemical Products ($225M), Mineral Products ($110M), and Machines ($84.9M).

Service Trade

Bilateral Service Trade

Irl Year

Nor Year

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 () to Ireland () (2009)

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

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 Ireland. Similarly, the more yellow a dot/product is, the more Ireland has comparative advantage over Norway.

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Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Norway - Ireland

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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