2022
Exports
$8.83MWorld Rnk 52 / 186
Flag Rnk 345 / 1197
2022
PRODUCT COMPLEXITY IN Electric Motor Parts
0.66Rnk 292 / 1025
2022
Imports
$44.4MWorld Rnk 57 / 219
Flag Rnk 356 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $8.83M in Electric Motor Parts, making it the 52nd largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 345th most exported product in Norway. The main destination of Electric Motor Parts exports from Norway are: Sweden ($702k), Canada ($666k), Spain ($641k), Turkey ($630k), and Germany ($562k).

The fastest growing export markets for Electric Motor Parts of Norway between 2021 and 2022 were Colombia ($510k), Canada ($474k), and Bolivia ($391k).

Imports In 2022, Norway imported $44.4M in Electric Motor Parts, becoming the 57th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 356th most imported product in Norway. Norway imports Electric Motor Parts primarily from: Austria ($8.53M), China ($6.38M), Germany ($5.89M), India ($5.41M), and Sweden ($3.25M).

The fastest growing import markets in Electric Motor Parts for Norway between 2021 and 2022 were Austria ($3.19M), India ($3.01M), and Czechia ($2.24M).

COMPANIES In 2023, leading companies such as Samsung (2) were at the forefront of shipping Electric Motor Parts from Norway to the United States.

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 Electric Motor Parts. 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)$8.83M
IMPORTS (2022)$44.4M
NET TRADE (2022)-$35.5M

In 2022, Norway exported $8.83M in Electric Motor Parts. The main destinations of Norway exports on Electric Motor Parts were Sweden ($702k), Canada ($666k), Spain ($641k), Turkey ($630k), and Germany ($562k).

In 2022, Norway imported $44.4M in Electric Motor Parts, mainly from Austria ($8.53M), China ($6.38M), Germany ($5.89M), India ($5.41M), and Sweden ($3.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Colombia$510k (1%)
Canada$474k (246%)
Bolivia$391k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Norway WERE (2021 - 2022):
Egypt-$2M (-99.6%)
Spain-$976k (-60.4%)
Poland-$801k (-79.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Norway's main importing competitors in Electric Motor Parts were:

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $732k
TOP IMPORT POTENTIALChina+ $5.02M

Electric Motor Parts’s highest export potential is United States. With an export gap of $732k.   Electric Motor Parts’s highest import potential is China with an import gap of $5.02M.

See methodology.

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