2023
Exports
$171MWorld Rnk 46 / 223
Flag Rnk 67 / 1199
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2023
Imports
$778MWorld Rnk 40 / 225
Flag Rnk 19 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $171M in Electrical Transformers, making it the 46th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 67th most exported product in Norway. The main destination of Electrical Transformers exports from Norway are: Sweden ($47.2M), United States ($12.8M), China ($12.2M), United Kingdom ($10.4M), and Denmark ($10M).

The fastest growing export markets for Electrical Transformers of Norway between 2022 and 2023 were Sweden ($16.7M), Egypt ($2.06M), and Italy ($2.02M).

Imports In 2023, Norway imported $778M in Electrical Transformers, becoming the 40th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 19th most imported product in Norway. Norway imports Electrical Transformers primarily from: China ($131M), Finland ($102M), Germany ($94.9M), Sweden ($87.1M), and Italy ($59.8M).

The fastest growing import markets in Electrical Transformers for Norway between 2022 and 2023 were Germany ($34.6M), Finland ($32.7M), and Italy ($20.7M).

COMPANIES In 2024, leading companies such as Costco Wholesale (13) and ABB Motors and Mechanical (1) were at the forefront of shipping Electrical Transformers from Norway to the United States.

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 Electrical Transformers. 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)$171M
IMPORTS (2023)$778M
NET TRADE (2023)-$607M

In 2023, Norway exported $171M in Electrical Transformers. The main destinations of Norway exports on Electrical Transformers were Sweden ($47.2M), United States ($12.8M), China ($12.2M), United Kingdom ($10.4M), and Denmark ($10M).

In 2023, Norway imported $778M in Electrical Transformers, mainly from China ($131M), Finland ($102M), Germany ($94.9M), Sweden ($87.1M), and Italy ($59.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Sweden$16.7M (54.7%)
Egypt$2.06M (2.35k%)
Italy$2.02M (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Norway WERE (2022 - 2023):
United States-$20.6M (-61.7%)
Switzerland-$5.63M (-78.9%)
China-$5.22M (-29.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, Norway's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.5M
TOP IMPORT POTENTIALChina+ $67.6M

Electrical Transformers’s highest export potential is United States. With an export gap of $23.5M.   Electrical Transformers’s highest import potential is China with an import gap of $67.6M.

See methodology.

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