2022
Exports
$95.2MWorld Rnk 17 / 102
Flag Rnk 108 / 1197
2022
PRODUCT COMPLEXITY IN Other Sea Vessels
-0.29Rnk 646 / 1025
2022
Imports
$515MWorld Rnk 3 / 178
Flag Rnk 39 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $95.2M in Other Sea Vessels, making it the 17th largest exporter of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 108th most exported product in Norway. The main destination of Other Sea Vessels exports from Norway are: Azerbaijan ($36.8M), India ($6.9M), Australia ($5.91M), China ($5.45M), and Chinese Taipei ($5.34M).

The fastest growing export markets for Other Sea Vessels of Norway between 2021 and 2022 were Azerbaijan ($36.8M), Australia ($4.89M), and Canada ($3.94M).

Imports In 2022, Norway imported $515M in Other Sea Vessels, becoming the 3rd largest importer of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 39th most imported product in Norway. Norway imports Other Sea Vessels primarily from: Romania ($173M), Cayman Islands ($163M), Spain ($63.1M), Poland ($28.8M), and Vietnam ($18M).

The fastest growing import markets in Other Sea Vessels for Norway between 2021 and 2022 were Cayman Islands ($163M), Romania ($69.2M), and Spain ($63.1M).

Latest Trends

Sep 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 Other Sea Vessels. 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)$95.2M
IMPORTS (2022)$515M
NET TRADE (2022)-$419M

In 2022, Norway exported $95.2M in Other Sea Vessels. The main destinations of Norway exports on Other Sea Vessels were Azerbaijan ($36.8M), India ($6.9M), Australia ($5.91M), China ($5.45M), and Chinese Taipei ($5.34M).

In 2022, Norway imported $515M in Other Sea Vessels, mainly from Romania ($173M), Cayman Islands ($163M), Spain ($63.1M), Poland ($28.8M), and Vietnam ($18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Sea Vessels EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Azerbaijan$36.8M (1%)
Australia$4.89M (478%)
Canada$3.94M (4.38k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sea Vessels BY Norway WERE (2021 - 2022):
Italy-$79.1M (-95.6%)
Saudi Arabia-$54.8M (-100%)
Denmark-$42.4M (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Other Sea Vessels were:
In 2022, Norway's main importing competitors in Other Sea Vessels were:

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Trade Value of Other Sea Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.63M
TOP IMPORT POTENTIALSpain+ $2.96M

Other Sea Vessels’s highest export potential is India. With an export gap of $2.63M.   Other Sea Vessels’s highest import potential is Spain with an import gap of $2.96M.

See methodology.

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