2022
Exports
$56MWorld Rnk 46 / 216
Flag Rnk 160 / 1197
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$196MWorld Rnk 47 / 226
Flag Rnk 115 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $56M in Electric Motors, making it the 46th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 160th most exported product in Norway. The main destination of Electric Motors exports from Norway are: Germany ($10.2M), United States ($4.92M), Netherlands ($4.74M), Denmark ($3.98M), and Italy ($3.5M).

The fastest growing export markets for Electric Motors of Norway between 2021 and 2022 were Italy ($2.88M), Singapore ($1.11M), and Vietnam ($846k).

Imports In 2022, Norway imported $196M in Electric Motors, becoming the 47th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 115th most imported product in Norway. Norway imports Electric Motors primarily from: Germany ($34M), Sweden ($20.7M), United States ($18.6M), Finland ($16M), and China ($15.7M).

The fastest growing import markets in Electric Motors for Norway between 2021 and 2022 were United States ($4.67M), China ($3.63M), and Romania ($3.41M).

COMPANIES In 2023, leading companies such as Helly Hansen (1) were at the forefront of shipping Electric Motors 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 Motors. 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)$56M
IMPORTS (2022)$196M
NET TRADE (2022)-$140M

In 2022, Norway exported $56M in Electric Motors. The main destinations of Norway exports on Electric Motors were Germany ($10.2M), United States ($4.92M), Netherlands ($4.74M), Denmark ($3.98M), and Italy ($3.5M).

In 2022, Norway imported $196M in Electric Motors, mainly from Germany ($34M), Sweden ($20.7M), United States ($18.6M), Finland ($16M), and China ($15.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Italy$2.88M (463%)
Singapore$1.11M (326%)
Vietnam$846k (150%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Norway WERE (2021 - 2022):
Spain-$3.11M (-65.1%)
Turkey-$2.48M (-54.1%)
Canada-$2.3M (-82.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Norway's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.07M
TOP IMPORT POTENTIALChina+ $15.6M

Electric Motors’s highest export potential is United States. With an export gap of $6.07M.   Electric Motors’s highest import potential is China with an import gap of $15.6M.

See methodology.

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