2023
Exports
$53.3MWorld Rnk 30 / 166
Flag Rnk 164 / 1199
2023
PRODUCT COMPLEXITY IN Cranes
0.61Rnk 326 / 1025
2023
Imports
$173MWorld Rnk 27 / 218
Flag Rnk 124 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $53.3M in Cranes, making it the 30th largest exporter of Cranes in the world. At the same year, Cranes was the 164th most exported product in Norway. The main destination of Cranes exports from Norway are: Sweden ($7.31M), Singapore ($6.65M), Germany ($6.19M), Netherlands ($4.06M), and United States ($3.13M).

The fastest growing export markets for Cranes of Norway between 2022 and 2023 were Singapore ($6.62M), Germany ($5.68M), and Portugal ($2.69M).

Imports In 2023, Norway imported $173M in Cranes, becoming the 27th largest importer of Cranes in the world. At the same year, Cranes was the 124th most imported product in Norway. Norway imports Cranes primarily from: N/A.

The fastest growing import markets in Cranes for Norway between 2022 and 2023 were United States ($8.25M), Spain ($7.64M), and Slovenia ($6.92M).

Latest Trends

Dec 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 Cranes. 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)$53.3M
IMPORTS (2023)$173M
NET TRADE (2023)-$120M

In 2023, Norway exported $53.3M in Cranes. The main destinations of Norway exports on Cranes were Sweden ($7.31M), Singapore ($6.65M), Germany ($6.19M), Netherlands ($4.06M), and United States ($3.13M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Cranes EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Singapore$6.62M (22.8k%)
Germany$5.68M (1.12k%)
Portugal$2.69M (3.99k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cranes BY Norway WERE (2022 - 2023):
China-$11M (-94.6%)
Denmark-$4.32M (-60.7%)
United States-$3.68M (-54%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Cranes were:
China $4.99B
Germany $2.67B
Japan $1.4B
In 2023, Norway's main importing competitors in Cranes were:

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Trade Value of Cranes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.07M
TOP IMPORT POTENTIALChina+ $2.77M

Cranes’s highest export potential is United States. With an export gap of $3.07M.   Cranes’s highest import potential is China with an import gap of $2.77M.

See methodology.

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