2022
Exports
$55.9MWorld Rnk 37 / 213
Flag Rnk 161 / 1197
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts
1.7Rnk 24 / 1025
2022
Imports
$129MWorld Rnk 39 / 225
Flag Rnk 170 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $55.9M in Interchangeable Tool Parts, making it the 37th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 161st most exported product in Norway. The main destination of Interchangeable Tool Parts exports from Norway are: Saudi Arabia ($7.43M), United Kingdom ($6.2M), Sweden ($5.51M), United States ($4.3M), and China ($3.06M).

The fastest growing export markets for Interchangeable Tool Parts of Norway between 2021 and 2022 were Saudi Arabia ($2.89M), United Kingdom ($2.84M), and Sweden ($1.3M).

Imports In 2022, Norway imported $129M in Interchangeable Tool Parts, becoming the 39th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 170th most imported product in Norway. Norway imports Interchangeable Tool Parts primarily from: Sweden ($27.7M), Germany ($18.9M), China ($15.1M), United States ($13.4M), and Finland ($8.35M).

The fastest growing import markets in Interchangeable Tool Parts for Norway between 2021 and 2022 were Poland ($1.21M), Denmark ($409k), and Chinese Taipei ($357k).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (7) were at the forefront of shipping Interchangeable Tool Parts from Norway to the United States.

Latest Trends

Oct 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 Interchangeable Tool Parts. 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)$55.9M
IMPORTS (2022)$129M
NET TRADE (2022)-$73M

In 2022, Norway exported $55.9M in Interchangeable Tool Parts. The main destinations of Norway exports on Interchangeable Tool Parts were Saudi Arabia ($7.43M), United Kingdom ($6.2M), Sweden ($5.51M), United States ($4.3M), and China ($3.06M).

In 2022, Norway imported $129M in Interchangeable Tool Parts, mainly from Sweden ($27.7M), Germany ($18.9M), China ($15.1M), United States ($13.4M), and Finland ($8.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Saudi Arabia$2.89M (63.7%)
United Kingdom$2.84M (84.6%)
Sweden$1.3M (31%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Norway WERE (2021 - 2022):
Singapore-$2.96M (-80.3%)
Angola-$1.68M (-96.7%)
Qatar-$903k (-79.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Interchangeable Tool Parts were:
In 2022, Norway's main importing competitors in Interchangeable Tool Parts were:

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.94M
TOP IMPORT POTENTIALChina+ $7.56M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $3.94M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $7.56M.

See methodology.

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