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Exports In 2022, Norway exported $72.5k in Balances, making it the 54th largest exporter of Balances in the world. At the same year, Balances was the 957th most exported product in Norway. The main destination of Balances exports from Norway are: United Kingdom ($19.4k), Panama ($12.3k), Sweden ($11.2k), Denmark ($7.23k), and United States ($6.94k).

The fastest growing export markets for Balances of Norway between 2021 and 2022 were United Kingdom ($15.1k), Panama ($12.3k), and Denmark ($6.21k).

Imports In 2022, Norway imported $1.21M in Balances, becoming the 48th largest importer of Balances in the world. At the same year, Balances was the 963rd most imported product in Norway. Norway imports Balances primarily from: Switzerland ($525k), Germany ($198k), China ($131k), Sweden ($104k), and Netherlands ($73.2k).

The fastest growing import markets in Balances for Norway between 2021 and 2022 were Switzerland ($398k), Poland ($33.7k), and Germany ($12.5k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (3) were at the forefront of shipping Balances from Norway to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Balances. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$72.5k
IMPORTS (2022)$1.21M
NET TRADE (2022)-$1.13M

In 2022, Norway exported $72.5k in Balances. The main destinations of Norway exports on Balances were United Kingdom ($19.4k), Panama ($12.3k), Sweden ($11.2k), Denmark ($7.23k), and United States ($6.94k).

In 2022, Norway imported $1.21M in Balances, mainly from Switzerland ($525k), Germany ($198k), China ($131k), Sweden ($104k), and Netherlands ($73.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United Kingdom$15.1k (354%)
Panama$12.3k (1%)
Denmark$6.21k (605%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Norway WERE (2021 - 2022):
Netherlands-$4.25k (-73.3%)
Argentina-$1.76k (-100%)
Finland-$1.05k (-69.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Balances were:
In 2022, Norway's main importing competitors in Balances were:

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $9.51k
TOP IMPORT POTENTIALChina+ $83k

Balances’s highest export potential is United States. With an export gap of $9.51k.   Balances’s highest import potential is China with an import gap of $83k.

See methodology.

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