2022
Exports
$9.43MWorld Rnk 40 / 158
Flag Rnk 338 / 1197
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$17.1MWorld Rnk 58 / 213
Flag Rnk 529 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $9.43M in Industrial Furnaces, making it the 40th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 338th most exported product in Norway. The main destination of Industrial Furnaces exports from Norway are: China ($1.96M), United States ($1.1M), Czechia ($1.04M), Netherlands ($821k), and Sweden ($747k).

The fastest growing export markets for Industrial Furnaces of Norway between 2021 and 2022 were Czechia ($1.04M), Sweden ($547k), and China ($433k).

Imports In 2022, Norway imported $17.1M in Industrial Furnaces, becoming the 58th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 529th most imported product in Norway. Norway imports Industrial Furnaces primarily from: Spain ($3.71M), United Kingdom ($2.15M), Sweden ($1.69M), Italy ($1.67M), and Denmark ($1.43M).

The fastest growing import markets in Industrial Furnaces for Norway between 2021 and 2022 were Spain ($3.37M), United Kingdom ($1.08M), and Denmark ($928k).

Latest Trends

Nov 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 Industrial Furnaces. 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)$9.43M
IMPORTS (2022)$17.1M
NET TRADE (2022)-$7.69M

In 2022, Norway exported $9.43M in Industrial Furnaces. The main destinations of Norway exports on Industrial Furnaces were China ($1.96M), United States ($1.1M), Czechia ($1.04M), Netherlands ($821k), and Sweden ($747k).

In 2022, Norway imported $17.1M in Industrial Furnaces, mainly from Spain ($3.71M), United Kingdom ($2.15M), Sweden ($1.69M), Italy ($1.67M), and Denmark ($1.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Czechia$1.04M (27.7k%)
Sweden$547k (273%)
China$433k (28.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Norway WERE (2021 - 2022):
Turkey-$2.99M (-92.2%)
United States-$361k (-24.8%)
Netherlands-$353k (-30.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Norway's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $557k
TOP IMPORT POTENTIALChina+ $808k

Industrial Furnaces’s highest export potential is United States. With an export gap of $557k.   Industrial Furnaces’s highest import potential is China with an import gap of $808k.

See methodology.

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