# Trade during the Viking Age

While the Vikings are perhaps best known for accumulating wealth by plunder, tribute, and conquest, they were also skilled and successful traders. The Vikings developed several trading centres both in Scandinavia and abroad as well as a series of long-distance trading routes during the Viking Age (c. 8th Century AD to 11th Century AD). Viking trading centres and trade routes would bring tremendous wealth and plenty of exotic goods such as Arab coins, Chinese silks, and Indian Gems.$^{:10}$ Vikings also established a "bullion economy" in which weighed silver, and to a lesser extent gold, was used as a means of exchange. Evidence for the centrality of trade and economy can be found in the criminal archaeological record through evidence of theft, counterfeit coins, and smuggling. The Viking economy and trade network also effectively helped rebuild the European economy after the fall of the Roman Empire$^{:123}$ The Vikings unique seafaring abilities and ships allowed them to develop expansive trade routes across continents, from North America to Asia, covering some 8,000 km.

## Trade routes

The Norse Vikings had a big, expansive and planned out trade network. Trade took place on a gold level and over short and long distances. Improvements in ship technology and cargo capabilities made trade and the transport of goods much easier,$^{:97}$ especially as Europe began to shift to a bulk economy.$^{:128}$ The majority of trade was conducted among the several ports that lined the Scandinavian coasts, and the routes were well enough established that they were frequented by pirates looking to seize possessions.$^{:27}$ Viking raids likely followed such established trade routes.$^{:24}$
The Vikings also engaged in trade with merchants throughout Europe, Asia and the Far East. The Volga and Dnieper Trade Routes were the two main trade routes that connected Northern Europe with Constantinople, Jerusalem, Baghdad, and the Caspian Sea, and the end of the Silk Road. These trade routes not only brought luxury and exotic goods from the Far East but also an overwhelming amount of silver Arab coins that were melted down for silver and also used for trade.$^{:103}$
Several trade routes disconnected Scandinavia with the Mediterranean with trade routes that ran through Central Europe and around the Iberian Peninsula. In Iberia the first trade and exploration was likely in minerals due to the role that the region played in the Roman Period. The Iberian example shows how Viking were often traders and raiders, who in the aftermath of raids would use their newfound power to establish trade.$^{:4-5}$ The Vikings also sent merchants as far west as Greenland and North America.
Trade routes would play an important role in rebuilding the economy of Europe during the Viking Age. The collapse of the Roman Empire significantly reduced the European economy. Prior to the start of the Viking Age, trade had begun to rise again, however, it was highly dependent on bartering. Viking trade and raids helped reintroduce coins and other valuable goods that were either traded for or stolen back into the economy. Such goods were reintroduced into the economy through either trade or markets that were set up by the Vikings for the purpose of selling plundered objects.$^{:123}$
At the beginning of the Viking Age, the first proper trading towns developed in Scandinavia. These appeared in central locations along Scandinavia's coasts near natural harbors or fjords. Trading centers varied in size, character, and significance. Only a select few developed into international trading posts. Every town was ruled by a king who imposed taxes on imported and exported goods in exchange for military protection of the town's citizens.
The largest trading centers during the Viking Age were Ribe (Denmark), Kaupang (Norway), Hedeby (Denmark), and Birka (Sweden) in the Baltic region.
Hedeby was the largest and most important trading center. Located along the southern border of Denmark in the inner part of the Schlei Fjord, Hedeby controlled both the north–south trade routes (between Europe and Scandinavia) and the east–west routes (between the Baltic and the North Seas). At its peak, Hedeby's population was around 1000 people. Archaeological evidence from Hedeby suggests that the city's economic importance was of political significance as fortifications were erected in the tenth century to withstand numerous assaults.$^{:107}$
Ribe, located on the West coast of Denmark, was established in the early 8th century as the eastern end of a trading and monetary network that stretched around the North Sea. Many of the trading towns in the Baltic would begin to disappear shortly after the year 1000 as the continent shifted to a bulk economy that minimized the role of these centres. This was also parallel with the rise of royal power in the region.$^{:128-129}$
Scandinavian York (Jórvík) was a major manufacturing centre, particularly in metalwork. Archaeological evidence indicates that it had a busy international trade with thriving workshops, and well-established mints. It had several routes to Norway and Sweden with onward connections to Byzantium and the Muslim world via the Dnieper and Volga rivers. It's craftspeople sourced their raw materials both near and far. There was gold and silver coming from Europe, copper and lead from the Pennines and tin from Cornwall. Also, there was amber, for the production of jewelry, coming from the Baltic and soapstone to make large cooking pots from Norway or Shetland. Wine was imported from the Rhineland with silk for the production of hats coming from Byzantium.$^{:71–77}$
There were also several Viking trading centers located along several rivers in modern-day Russia and Ukraine including Gorodische, Gnezdovo, Cherigov, Novgorod, and Kyiv. These towns became major trade destinations on the trading route from the Baltic Sea to Central Asia.

## Trade and Settlement

Viking settlements also played an important role in Viking trade. In Viking settlements such as Ireland the first peaceful interactions between the Native Irish and the Vikings were economic in nature. Silver hoards in Ireland containing coins from other corners of the Viking World also show how such settlements were very quickly incorporated into a new Global economy.$^{:91}$ Here the initial strategic military significance of such settlements morphed into economic and political significance.$^{:94}$ Place names also show the broader economic significance and impact of the Vikings. The Copeland Islands off the coast of Ireland bear the name of “Merchant Islands” in Old Norse. In Normandy linguistic patterns also suggest the centrality of trade in the Viking settlement as the only lasting Norse influence in the region is in language is both trade centric and trade specific. In the Viking Greenland settlements it is also suspected that the walrus ivory trade may have been the primary means of economic sustenance for the populations there based on isotopic analysis of walrus ivory from around the Viking Diaspora.
In the first half of the ninth century, Scandinavians, known as the Rus, settled in what is now Russia. They were likely drawn by the opportunity to gather furs, slaves, and other goods from the forests and Arctic regions, which they could then trade in the thriving markets along the Volga River.
Additionally, Harstad, located north of the Lofoten and Ofoten archipelagos, was a key trading settlement during the Iron Age, serving as both an agricultural frontier and an ethnic boundary between the Norse and the Sami. The Sami played a crucial role in the fur trade, supplying furs to various peoples, including the Scandinavian Norse. They were also involved in the blubber trade, which was phased out in the eleventh century and replaced with the trade of cod liver oil. During the Viking and Middle Ages, the Sami and other groups on the fur trade's supply side endured harsh and often violent extortion, or tribute, from multiple countries simultaneously. The conversion of neighboring Norse and Karelian societies to Christianity in the tenth and eleventh centuries provided a pretext for the ruthless exploitation of the pagan Sami.
The development of cargo ships called the knarr allowed for the rise of bulk cargo transport across long distances. These new cargo ships were introduced around 1000CE to Northern Europe and featured new technology like high freeboards and permanent masts which reduced the need for rowers on the ships. The ships could also carry around 24 tons of cargo. The growing maritime connectivity, encouraged the spread of Latin and Christianity into areas of Scandinavia and Baltic Sea.
The Viking Ship museum has created five reconstructions of Viking ships. One in particular Ottar 1 is a large cargo ship from Western Norway.

## Goods
### Imports

Silver, silk, spices, weapons, wine, glassware, quern stones (for grinding grain), fine textiles, pottery, slaves, both precious and non-precious metals.

### Exports

Honey, tin, wheat, wool wadmal, various types of fur and hides, feathers, falcons, whalebone, walrus ivory, and other stud reindeer antler, and amber.

### Coinage

Coins played an important role in Viking age trade, with many of the coins that were used by Vikings coming from the Islamic world. More than 80,000 silver Viking age Arab silver dirhams have been found in Gotland, and another 40,000 found in mainland Sweden. These numbers are likely only a fraction of the total influx of Arab currency into Viking Age Scandinavia as a great deal of silver coins were also likely melted down to make other silver objects including ingots, ornaments, and jewelry.$^{:103}$ In Iceland, archaeological evidence suggests that while coins may not have been as prevalent as they were in Scandinavia, they still played an important role in daily life and as a status symbol. Coins also carried symbolic power. A series of coins minted during the 9th century that were meant to look like coins from the Carolingian empire might have been intended for use as a political symbol for resisting its reach and influence.

### Furs

The fur trade was an important piece of the Viking trade network. The furs often exchanged hands through a number of intermediaries enriching each. One of the routes that furs took was south and east into the Arab world where it was often highly priced. One Arab writer states that during the 10th century that “one black pelt reaches the price of 100 dinars.”$^{:113}$

### Slaves

Slaves were one of the most important trade items. The Vikings bought and sold slaves throughout their trade network. Viking slaves were known as thralls. A good number of slaves were exported to the Islamic world. In Viking Raids, slaves and captives were usually of great importance for both the monetary and labor value. In addition to being bought and sold slaves could be used to pay off debts,$^{:106}$ and were often used as human sacrifices in religious ceremonies. A slave's price depend on their skills, age, health, and looks.$^{:106}$
Many slaves were sold to slavery in the Abbasid Caliphate via the Bukhara slave trade because of the high demand. Many European Christians and Pagans were sold to them by the Vikings.$^{:116}$ The slave trade also existed in Northern Europe as well were other Norse Men and Women were sold and held as slaves as well. Records from the life of Archbishop Timber suggest that this was quite common.$^{:117}$ The Life of St. Anskar also suggests that slaves were a tradable commodity.$^{:26}$ Individuals were often also held as captives for ransom instead of just being seized and sold into slavery.$^{:11}$
In Northwestern Europe it is likely that Viking Age Dublin became the center of the Slave trade,$^{:35}$ with one account from the Fragmentary Annals describing Vikings bringing “Blue Men” back from raids in the south as slaves. These slaves were likely Black African prisoners taken from raids in either North Africa or the Iberian peninsula.$^{:56}$
People taken captive during the Viking raids in Europe could be sold to Moorish Spain via the Dublin slave trade or transported to Hedeby or Brännö in Scandinavia and from there via the Volga trade route to Russia, where slaves and furs were sold to Muslim merchants in exchange for Arab silver dirham and silk, which have been found in Birka, Wollin and Dublin; initially this trade route between Europe and the Abbasid Caliphate passed via the Khazar Kaghanate, but from the early 10th-century onward it went via Volga Bulgaria and from there by caravan to Khwarazm, to the Samanid slave market in Central Asia and finally via Iran to the Abbasid Caliphate. European slaves were popular in the Middle East where they were termed as saqaliba. Archeological evidence indicates that raids targeting young people may have been one method of capturing the Slav saqaliba.
The slaves were often paid for with silver Arabic coins, which would then travel back along the Russian river trade routes back to Scandinavia, contributing to the silver hoard.

### Local Trade

Trade during the Viking Age also took place at the local level, primarily involving agriculture products such as vegetables, grains, and cereals. Domestic animals were also traded among local peoples. These items were brought into town by farmers and traded for basic necessities, such as tools and clothes, and luxury items, such as glassware and jewelry.

### Merchants

Viking-age rulers sought to make their towns appealing to long-distance merchants by offering security in exchange for trade. Merchants, who risked their goods, freedom, and lives, needed assurance that their ventures would be protected. In return, they would pay taxes for this security. The revenue generated from these taxes was likely highly valuable, as Scandinavian kings were willing to eliminate competitors and, at times, even actively pursue trade agreements with the Carolingian and Byzantine Empires. There were locations in Hedeby, Birka, and Scythia. However, it is important to note that these places were also strict of how those merchants interacted with the trade market. An example, includes the Varangian merchants who were only allowed to be in a specific part of Constantinople, enter through a specific gate, not carry any weapons, and not to travel in groups of fifty or more.

## Bullion economy

The Viking Age saw the development of a bullion economy. In this economic framework, traders and merchants exchanged goods for bullion (precious metals, primarily gold and silver). Trade was usually accomplished by barter. Bullion lacked the formal quality control linked with coinage and therefore provided a highly flexible system. The durability of silver and gold made them more suited for a monetary role than many other commodities.
By the 9th century, silver had become the basis for the Viking economy. Most of the silver was acquired from the Islamic world. When the silver mines near Baghdad ran dry in the late 10th century, the Vikings began to tap central Europe, specifically the Harz Mountains in Germany. Bullion took the form of coins, ingots, and jewelry. The value of bullion was determined by its purity and mass. Methods used to test the purity of the metal included “pricking" and “pecking” the surface to test the hardness of the alloy and reveal plating. Determining bullion's mass required the use of weights and scales. Many of the bronze scales used by Viking traders folded on themselves making them compact and easy to carry for travel.
The two types of weights imported from foreign lands were cubo-octahedral weights (Dice weights) and oblate spheroids (barrel weights). Both were produced in various sizes with markings indicating the weights they represented. The majority of imported weights came from the Islamic world and contained Arabic inscriptions.
Vikings also produced their own weights for measuring quantities of silver and gold. These lead weights were decorated with enameling, insert coins, or cut up ornamental metalwork. Unlike the dice weights or barrel weights, each lead weight was unique so there was no danger of them being rearranged or switched during the course of an exchange.

### Silver

Silver during the Viking age was an especially important part of the bullion economy; the silver trade is often credited with the rise of the long-distance trade routes during the Viking age, as most silver originated outside of Scandinavia in present day Germany and Uzbekistan. As silver was lightweight, wearable, and valuable, silver could travel and be used as currency within the bullion economy or stored in silver hoards. The alloy composition often gives clues as to the origins of the silver. However, throughout the early modern world, the source mines often fluxed with external factors like political and economic stability of the various empires. Since silver can be easily melted down and recycled, it can remain in circulation far longer than most other metals. In combination with the bullion economy, some silver alloys could be from different time periods and sources.
Silver often served as a wearable status symbol, displaying worldliness as most Viking silver involved long-distance trade routes. While not a pure metal like gold, and thus slightly less valuable, silver jewelry was popular during the Viking Age as it was a visible marker of wealth and interconnectedness in trade that could also serve a utilitarian purpose as it was broken off to be used as payment within the bullion economy. Many surviving Viking Age silver pieces exist as hacksilver fragments, as coins and jewelry would be measured using Islamic weight systems. Weighing "hacksilver" fragments became internationally accepted in trade from the mid-ninth century.
Much of the ornate silver jewelry was often worn as a status symbol with specific motifs which were identifiers of ranks, orders, and tribes. Examination of the residue of Viking Age crucibles, shows that gold and silver were more valued than other metals like lead. Primary source accounts from foreigners visiting Viking lands, discuss the awe upon seeing the large amounts of silver being worn by elites, reinforcing the idea of silver and gold as visible symbols of Viking wealth, power, and global connectedness through trade.

## Exchange rates

Estimated exchange rates at the beginning of the 11th century in Iceland were:
* 8 ounces of silver = 1 ounce of gold
* 8 ounces of silver = 4 milk cows
* 8 ounces of silver = 24 sheep
* 8 ounces of silver = 144 ells (roughly 72 meters) of wadmal 2 ells wide (about 1 meter)
* 12 ounces of silver = 1 adult male slave
If the weight of a piece of jewelry was more than needed to complete a purchase, it was cut up into smaller bits until the correct weight needed for the transaction was reached. The term hack silver is used to describe these silver objects.Silver ingots were primarily used for large/high-value transactions. The largest found weights weigh more than 1 kilogram each.
Precious metals were also used to display personal wealth and status. For example, Rus traders symbolized their wealth through silver neck rings. Silver or gold gifts were often exchanged to secure social and political relationships.