2022
Exports
$8.92MWorld Rnk 26 / 126
Flag Rnk 343 / 1197
2022
PRODUCT COMPLEXITY IN Casting Machines
0.63Rnk 304 / 1025
2022
Imports
$15MWorld Rnk 34 / 183
Flag Rnk 558 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $8.92M in Casting Machines, making it the 26th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 343rd most exported product in Norway. The main destination of Casting Machines exports from Norway are: China ($4.82M), United States ($1.74M), Czechia ($726k), Estonia ($348k), and Qatar ($297k).

The fastest growing export markets for Casting Machines of Norway between 2021 and 2022 were China ($4.71M), United States ($1.22M), and Estonia ($340k).

Imports In 2022, Norway imported $15M in Casting Machines, becoming the 34th largest importer of Casting Machines in the world. At the same year, Casting Machines was the 558th most imported product in Norway. Norway imports Casting Machines primarily from: Czechia ($5.81M), China ($5.24M), Germany ($1.18M), United States ($721k), and Poland ($659k).

The fastest growing import markets in Casting Machines for Norway between 2021 and 2022 were Czechia ($2.94M), China ($2.36M), and United States ($604k).

Latest Trends

Jul 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 Casting Machines. 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)$8.92M
IMPORTS (2022)$15M
NET TRADE (2022)-$6.07M

In 2022, Norway exported $8.92M in Casting Machines. The main destinations of Norway exports on Casting Machines were China ($4.82M), United States ($1.74M), Czechia ($726k), Estonia ($348k), and Qatar ($297k).

In 2022, Norway imported $15M in Casting Machines, mainly from Czechia ($5.81M), China ($5.24M), Germany ($1.18M), United States ($721k), and Poland ($659k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Norway WERE (2021 - 2022):
China$4.71M (4.24k%)
United States$1.22M (231%)
Estonia$340k (4.53k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Norway WERE (2021 - 2022):
Russia-$678k (-100%)
Indonesia-$342k (-96.5%)
Luxembourg-$80.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Casting Machines were:
China $862M
Italy $360M
Japan $267M
In 2022, Norway's main importing competitors in Casting Machines were:

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Trade Value of Casting Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $557k
TOP IMPORT POTENTIALChina+ $936k

Casting Machines’s highest export potential is United States. With an export gap of $557k.   Casting Machines’s highest import potential is China with an import gap of $936k.

See methodology.

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