2023
Exports
$5.43MWorld Rnk 49 / 187
Flag Rnk 379 / 1199
2023
PRODUCT COMPLEXITY IN Electromagnets
1.1Rnk 144 / 1025
2023
Imports
$20.3MWorld Rnk 42 / 216
Flag Rnk 485 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $5.43M in Electromagnets, making it the 49th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 379th most exported product in Norway. The main destination of Electromagnets exports from Norway are: United Kingdom ($1M), Netherlands ($972k), Sweden ($635k), France ($353k), and Chinese Taipei ($263k).

The fastest growing export markets for Electromagnets of Norway between 2022 and 2023 were United Kingdom ($723k), Sweden ($466k), and Chinese Taipei ($263k).

Imports In 2023, Norway imported $20.3M in Electromagnets, becoming the 42nd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 485th most imported product in Norway. Norway imports Electromagnets primarily from: Germany ($5.02M), China ($4.75M), Sweden ($2.34M), France ($1.34M), and United Kingdom ($1.08M).

The fastest growing import markets in Electromagnets for Norway between 2022 and 2023 were Germany ($1.21M), Denmark ($365k), and France ($274k).

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 Electromagnets. 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)$5.43M
IMPORTS (2023)$20.3M
NET TRADE (2023)-$14.9M

In 2023, Norway exported $5.43M in Electromagnets. The main destinations of Norway exports on Electromagnets were United Kingdom ($1M), Netherlands ($972k), Sweden ($635k), France ($353k), and Chinese Taipei ($263k).

In 2023, Norway imported $20.3M in Electromagnets, mainly from Germany ($5.02M), China ($4.75M), Sweden ($2.34M), France ($1.34M), and United Kingdom ($1.08M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United Kingdom$723k (261%)
Sweden$466k (276%)
Chinese Taipei$263k (39.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Norway WERE (2022 - 2023):
Netherlands-$1.55M (-61.4%)
Canada-$118k (-56.7%)
Ireland-$68k (-78.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Electromagnets were:
China $5.34B
Germany $1.17B
Japan $974M
In 2023, Norway's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $713k
TOP IMPORT POTENTIALChina+ $3.05M

Electromagnets’s highest export potential is United States. With an export gap of $713k.   Electromagnets’s highest import potential is China with an import gap of $3.05M.

See methodology.

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