2022
Exports
$123kWorld Rnk 66 / 120
Flag Rnk 907 / 1197
2022
PRODUCT COMPLEXITY IN Knitting Machines
1.1Rnk 135 / 1025
2022
Imports
$2.12MWorld Rnk 82 / 191
Flag Rnk 902 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $123k in Knitting Machines, making it the 66th largest exporter of Knitting Machines in the world. At the same year, Knitting Machines was the 907th most exported product in Norway. The main destination of Knitting Machines exports from Norway are: Sweden ($107k), Poland ($11.1k), Denmark ($2.66k), Lithuania ($851), and Netherlands ($742).

The fastest growing export markets for Knitting Machines of Norway between 2021 and 2022 were Poland ($7.09k), Denmark ($2.25k), and Netherlands ($742).

Imports In 2022, Norway imported $2.12M in Knitting Machines, becoming the 82nd largest importer of Knitting Machines in the world. At the same year, Knitting Machines was the 902nd most imported product in Norway. Norway imports Knitting Machines primarily from: Japan ($597k), Sweden ($512k), Germany ($330k), France ($209k), and Chinese Taipei ($112k).

The fastest growing import markets in Knitting Machines for Norway between 2021 and 2022 were Sweden ($507k), Japan ($330k), and France ($209k).

Latest Trends

Jul 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 Knitting Machines. 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)$123k
IMPORTS (2022)$2.12M
NET TRADE (2022)-$2M

In 2022, Norway exported $123k in Knitting Machines. The main destinations of Norway exports on Knitting Machines were Sweden ($107k), Poland ($11.1k), Denmark ($2.66k), Lithuania ($851), and Netherlands ($742).

In 2022, Norway imported $2.12M in Knitting Machines, mainly from Japan ($597k), Sweden ($512k), Germany ($330k), France ($209k), and Chinese Taipei ($112k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machines EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Poland$7.09k (177%)
Denmark$2.25k (554%)
Netherlands$742 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machines BY Norway WERE (2021 - 2022):
Germany-$98.4k (-100%)
Sweden-$51.5k (-32.5%)
Finland-$2.39k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Knitting Machines were:
China $1.28B
Japan $411M
In 2022, Norway's main importing competitors in Knitting Machines were:

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Trade Value of Knitting Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALPoland+ $5.19k
TOP IMPORT POTENTIALGermany+ $174k

Knitting Machines’s highest export potential is Poland. With an export gap of $5.19k.   Knitting Machines’s highest import potential is Germany with an import gap of $174k.

See methodology.

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