2022
Exports
$12.9MWorld Rnk 52 / 219
Flag Rnk 301 / 1197
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$50.6MWorld Rnk 57 / 220
Flag Rnk 332 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $12.9M in Ball Bearings, making it the 52nd largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 301st most exported product in Norway. The main destination of Ball Bearings exports from Norway are: Netherlands ($1.24M), Poland ($1.12M), Germany ($1.08M), Brazil ($831k), and China ($829k).

The fastest growing export markets for Ball Bearings of Norway between 2021 and 2022 were Poland ($487k), Germany ($477k), and China ($460k).

Imports In 2022, Norway imported $50.6M in Ball Bearings, becoming the 57th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 332nd most imported product in Norway. Norway imports Ball Bearings primarily from: Germany ($13.2M), Sweden ($9.45M), China ($4.27M), France ($4.22M), and Italy ($3.21M).

The fastest growing import markets in Ball Bearings for Norway between 2021 and 2022 were France ($1.44M), Sweden ($1.31M), and China ($565k).

COMPANIES In 2023, leading companies such as Schaeffler Group (15) were at the forefront of shipping Ball Bearings from Norway to the United States.

Latest Trends

Oct 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 Ball Bearings. 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)$12.9M
IMPORTS (2022)$50.6M
NET TRADE (2022)-$37.7M

In 2022, Norway exported $12.9M in Ball Bearings. The main destinations of Norway exports on Ball Bearings were Netherlands ($1.24M), Poland ($1.12M), Germany ($1.08M), Brazil ($831k), and China ($829k).

In 2022, Norway imported $50.6M in Ball Bearings, mainly from Germany ($13.2M), Sweden ($9.45M), China ($4.27M), France ($4.22M), and Italy ($3.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Poland$487k (76.5%)
Germany$477k (79.3%)
China$460k (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Norway WERE (2021 - 2022):
Netherlands-$931k (-42.9%)
United States-$503k (-42.2%)
Sweden-$186k (-36.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Norway's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.27M
TOP IMPORT POTENTIALGermany+ $4.29M

Ball Bearings’s highest export potential is Germany. With an export gap of $1.27M.   Ball Bearings’s highest import potential is Germany with an import gap of $4.29M.

See methodology.

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