2023
Exports
$41.6MWorld Rnk 15 / 118
Flag Rnk 182 / 1199
2023
PRODUCT COMPLEXITY IN Casting Machines
0.64Rnk 309 / 1025
2023
Imports
$19MWorld Rnk 35 / 184
Flag Rnk 501 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $41.6M in Casting Machines, making it the 15th largest exporter of Casting Machines in the world. At the same year, Casting Machines was the 182nd most exported product in Norway. The main destination of Casting Machines exports from Norway are: China ($22.4M), Hong Kong ($6.72M), United States ($6.7M), India ($3.46M), and Czechia ($733k).

The fastest growing export markets for Casting Machines of Norway between 2022 and 2023 were China ($16.3M), Hong Kong ($6.72M), and United States ($5.06M).

Imports In 2023, Norway imported $19M in Casting Machines, becoming the 35th largest importer of Casting Machines in the world. At the same year, Casting Machines was the 501st most imported product in Norway. Norway imports Casting Machines primarily from: China ($4.41M), Czechia ($3.93M), Spain ($3.46M), Germany ($2.61M), and Australia ($862k).

The fastest growing import markets in Casting Machines for Norway between 2022 and 2023 were Spain ($3.32M), Germany ($1.68M), and Australia ($828k).

Latest Trends

Jan 2025

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 (2023)$41.6M
IMPORTS (2023)$19M
NET TRADE (2023)$22.6M

In 2023, Norway exported $41.6M in Casting Machines. The main destinations of Norway exports on Casting Machines were China ($22.4M), Hong Kong ($6.72M), United States ($6.7M), India ($3.46M), and Czechia ($733k).

In 2023, Norway imported $19M in Casting Machines, mainly from China ($4.41M), Czechia ($3.93M), Spain ($3.46M), Germany ($2.61M), and Australia ($862k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Casting Machines EXPORT MARKETS FOR Norway WERE (2022 - 2023):
China$16.3M (270%)
Hong Kong$6.72M (1%)
United States$5.06M (308%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Casting Machines BY Norway WERE (2022 - 2023):
Estonia-$222k (-64.7%)
Qatar-$211k (-77.8%)
Germany-$169k (-86.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Casting Machines were:
China $1.22B
Italy $396M
In 2023, 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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