2022
Exports
$24.2MWorld Rnk 44 / 144
Flag Rnk 240 / 1197
2022
PRODUCT COMPLEXITY IN Silver
-0.98Rnk 832 / 1025
2022
Imports
$9.44MWorld Rnk 47 / 182
Flag Rnk 658 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $24.2M in Silver, making it the 44th largest exporter of Silver in the world. At the same year, Silver was the 240th most exported product in Norway. The main destination of Silver exports from Norway are: Switzerland ($8.95M), Sweden ($8.7M), Finland ($4.85M), Saudi Arabia ($513k), and Denmark ($457k).

The fastest growing export markets for Silver of Norway between 2021 and 2022 were Finland ($4.78M), Sweden ($2.16M), and Saudi Arabia ($447k).

Imports In 2022, Norway imported $9.44M in Silver, becoming the 47th largest importer of Silver in the world. At the same year, Silver was the 658th most imported product in Norway. Norway imports Silver primarily from: Sweden ($3.81M), Germany ($2.99M), Italy ($661k), Denmark ($618k), and United Kingdom ($453k).

The fastest growing import markets in Silver for Norway between 2021 and 2022 were Colombia ($79.9k), Netherlands ($59.5k), and Spain ($48.6k).

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 Silver. 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)$24.2M
IMPORTS (2022)$9.44M
NET TRADE (2022)$14.8M

In 2022, Norway exported $24.2M in Silver. The main destinations of Norway exports on Silver were Switzerland ($8.95M), Sweden ($8.7M), Finland ($4.85M), Saudi Arabia ($513k), and Denmark ($457k).

In 2022, Norway imported $9.44M in Silver, mainly from Sweden ($3.81M), Germany ($2.99M), Italy ($661k), Denmark ($618k), and United Kingdom ($453k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Finland$4.78M (7.74k%)
Sweden$2.16M (33%)
Saudi Arabia$447k (676%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Norway WERE (2021 - 2022):
United Kingdom-$11M (-99.8%)
Switzerland-$718k (-7.43%)
Thailand-$200k (-82.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Silver were:
In 2022, Norway's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $412k
TOP IMPORT POTENTIALGermany+ $904k

Silver’s highest export potential is China. With an export gap of $412k.   Silver’s highest import potential is Germany with an import gap of $904k.

See methodology.

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