2023
Exports
$290MWorld Rnk 56 / 223
Flag Rnk 41 / 1199
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$749MWorld Rnk 38 / 225
Flag Rnk 21 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $290M in Insulated Wire, making it the 56th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 41st most exported product in Norway. The main destination of Insulated Wire exports from Norway are: United Kingdom ($54.3M), Senegal ($45M), Egypt ($30.2M), Australia ($27M), and Cote d'Ivoire ($22.3M).

The fastest growing export markets for Insulated Wire of Norway between 2022 and 2023 were United Kingdom ($31.8M), Senegal ($30.8M), and Cote d'Ivoire ($22.3M).

Imports In 2023, Norway imported $749M in Insulated Wire, becoming the 38th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 21st most imported product in Norway. Norway imports Insulated Wire primarily from: Sweden ($140M), United Kingdom ($76M), Germany ($65.3M), China ($64.9M), and United States ($55.1M).

The fastest growing import markets in Insulated Wire for Norway between 2022 and 2023 were United Kingdom ($19.7M), Sweden ($15.8M), and United States ($6.58M).

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 Insulated Wire. 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)$290M
IMPORTS (2023)$749M
NET TRADE (2023)-$459M

In 2023, Norway exported $290M in Insulated Wire. The main destinations of Norway exports on Insulated Wire were United Kingdom ($54.3M), Senegal ($45M), Egypt ($30.2M), Australia ($27M), and Cote d'Ivoire ($22.3M).

In 2023, Norway imported $749M in Insulated Wire, mainly from Sweden ($140M), United Kingdom ($76M), Germany ($65.3M), China ($64.9M), and United States ($55.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United Kingdom$31.8M (141%)
Senegal$30.8M (216%)
Cote d'Ivoire$22.3M (345k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Norway WERE (2022 - 2023):
Turkey-$77.3M (-98.3%)
Egypt-$67.5M (-69.1%)
France-$32.3M (-85.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Insulated Wire were:
In 2023, Norway's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $17.3M
TOP IMPORT POTENTIALChina+ $49M

Insulated Wire’s highest export potential is United States. With an export gap of $17.3M.   Insulated Wire’s highest import potential is China with an import gap of $49M.

See methodology.

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