2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

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 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 2017, 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 2022 to $755M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Norway
Top Destination
Germany$78.1B

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

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

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

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

Comparative Advantage Ireland - Norway

Flow
Scale

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

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

During 2017, Norway had a large net trade with Ireland in the exports of Chemical Products ($515M), Mineral Products ($87.5M), and Animal Products ($56.5M).

Potential Exports

Potential Exports

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

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with