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2022
Flag → Flag
Exports $429MRnk 31 / 209
2022
Flag → Flag
Top Product $207MFish Fillets
2022
Flag → Flag
Exports $127MRnk 46 / 187
2022
Flag → Flag
Top Product $9.31MChlorides
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH99%CURRENT US$
Rnk 14 / 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$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186

About

Norway-Israel Trade: In 2022, Norway exported $429M to Israel. The main products that Norway exported to Israel were Fish Fillets ($207M), Passenger and Cargo Ships ($135M), and Non-fillet Fresh Fish ($26.5M). Over the past 5 years the exports of Norway to Israel have increased at an annualized rate of 17.1%, from $195M in 2017 to $429M in 2022.

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

Israel-Norway Trade: In 2022, Israel exported $127M to Norway. The main products that Israel exported to Norway were Chlorides ($9.31M), Audio Alarms ($8.22M), and Citrus ($6.71M). Over the past 5 years the exports of Israel to Norway have increased at an annualized rate of 5.65%,  from $96.2M in 2017 to $127M in 2022.

In 2012, Israel exported services to Norway worth $0, with being the largest in terms of value.

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Latest Trends

July, 2024

About

Overview In July 2024, Norway exported NOK198M and imported NOK120M from Israel, resulting in a positive trade balance of NOK77.9M. Between July 2023 and July 2024 the exports of Norway have increased by NOK28.3M (16.7%) from NOK170M to NOK198M, while imports decreased by NOK-23.7M (-16.5%) from NOK144M to NOK120M.

Trade In July 2024, the top exports of Norway to Israel were Fish (not marine mammals), crustaceans, molluscs... (NOK149M), Paper, paperboard and articles of paper... (NOK3.93M), Machinery specialized for particular industries (NOK3.65M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.85M), and Telecommunications and sound-recording and reproducing apparatus... (NOK2.32M). In July 2024 the top imports of Norway from Israel were Chemical materials and products, n.e.s. (NOK57.2M), Vegetables and fruit (NOK11.9M), Road vehicles (including air-cushion vehicles) (NOK8.91M), Inorganic chemicals (NOK8.69M), and General industrial machinery and equipment, n.e.s.,... (NOK8.05M).

Growth In July 2024, the increase in Norway's year-by-year exports to Israel was explained primarily by an increase in product exports in Machinery specialized for particular industries (NOK2.91M or 396%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.4M or 531%), and Telecommunications and sound-recording and reproducing apparatus... (NOK2.05M or 745%). In July 2024, the decrease in Norway's year-by-year imports  from Israel was explained primarily by an decrease in product imports  in Vegetables and fruit (NOK-5.31M or -30.8%), Professional, scientific and controlling instruments and... (NOK-3.08M or -65.6%), and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-2.61M or -32.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)NOK28.3M(16.7%)
IMPORT GROWTH (July 2023 - July 2024)NOK-23.7M(-16.5%)

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 Israel and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Israel and Norway Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $429M to Israel. The main products exported from Norway to Israel were Fish Fillets ($207M), Passenger and Cargo Ships ($135M), and Non-fillet Fresh Fish ($26.5M). During the last 5 years the exports of Norway to Israel have increased at an annualized rate of 17.1%, from $195M in 2017 to $429M in 2022.

In 2017, Israel exported $127M to Norway. The main products exported from Israel to Norway were Chlorides ($9.31M), Audio Alarms ($8.22M), and Citrus ($6.71M). During the last 5 years the exports of Israel to Norway have increased at an annualized rate of 5.65%, from $96.2M in 2022 to $127M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Israel
Top DestinationUnited States$20.3B

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

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

In 2022, countries that imported more from Israel than Norway included United States ($20.3B), Palestine ($4.6B), and Ireland ($3.86B).

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

Comparative Advantage Norway - Israel

Flow
Scale

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

During 2022, Norway had a large net trade with Israel in the exports of Animal Products ($248M), Transportation ($136M), and Machines ($18.7M).

During 2017, Israel had a large net trade with Norway in the exports of Machines ($36.6M), Chemical Products ($20M), and Vegetable Products ($19.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Israel+$3.38MNon-fillet Fresh Fish
Top Product Potential Israel Norway+$4.39MTelephones

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 Israel. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Israel. Similarly, a dot/product with the flag of Israel indicates it has a comparative advantage over Norway.

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

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