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Pricing

2022
Flag → Flag
Exports $8.64MRnk 112 / 209
2022
Flag → Flag
Top Product $4.49MElectric Generating Sets
2022
Flag → Flag
Exports $148kRnk 62 / 101
2022
Flag → Flag
Top Product $88.3kJewellery
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

Norway-Iraq Trade: In 2022, Norway exported $8.64M to Iraq. The main products that Norway exported to Iraq were Electric Generating Sets ($4.49M), Surveying Equipment ($1.5M), and Special purpose motor vehicles ($672k). Over the past 5 years the exports of Norway to Iraq have decreased at an annualized rate of 19.6%, from $25.7M in 2017 to $8.64M in 2022.

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

Iraq-Norway Trade: 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). Over the past 5 years the exports of Iraq to Norway have increased at an annualized rate of 16.5%,  from $69.2k in 2017 to $148k in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK5.2M and imported NOK703k from Iraq, resulting in a positive trade balance of NOK4.49M. Between July 2023 and July 2024 the exports of Norway have decreased by NOK-528k (-9.23%) from NOK5.72M to NOK5.2M, while imports increased by NOK685k (3.81k%) from NOK18k to NOK703k.

Trade In July 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 July 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 July 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 July 2024, the increase in Norway's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK-528k(-9.23%)
IMPORT GROWTH (July 2023 - July 2024)NOK685k(3.81k%)

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.

For full datasets download visit Bulk Download page.

Explore Iraq and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of Norway to Iraq have decreased at an annualized rate of 19.6%, from $25.7M in 2017 to $8.64M in 2022.

In 2017, 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 5 years the exports of Iraq to Norway have increased at an annualized rate of 16.5%, from $69.2k in 2022 to $148k in 2017.

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

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

Market Competitiveness

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

In 2022, countries that imported more from Iraq than Norway included India ($38.8B), China ($34B), and South Korea ($8.21B).

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

Comparative Advantage Norway - Iraq

Flow
Scale

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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Iraq+$595kTelephones
Top Product Potential Iraq Norway+$85.2kJewellery

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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Economic Complexity

Competitive Landscape

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

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

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