2022
Exports
$301MWorld Rnk 34 / 224
Flag Rnk 36 / 1197
2022
PRODUCT COMPLEXITY IN Valves
1.35Rnk 81 / 1025
2022
Imports
$953MWorld Rnk 32 / 224
Flag Rnk 16 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $301M in Valves, making it the 34th largest exporter of Valves in the world. At the same year, Valves was the 36th most exported product in Norway. The main destination of Valves exports from Norway are: South Korea ($39.8M), Brazil ($37.4M), United States ($24.8M), United Kingdom ($24.4M), and Angola ($13.8M).

The fastest growing export markets for Valves of Norway between 2021 and 2022 were South Korea ($17.7M), Australia ($6.27M), and Singapore ($6.04M).

Imports In 2022, Norway imported $953M in Valves, becoming the 32nd largest importer of Valves in the world. At the same year, Valves was the 16th most imported product in Norway. Norway imports Valves primarily from: United Kingdom ($183M), Italy ($149M), Germany ($119M), Brazil ($94M), and United States ($87.1M).

The fastest growing import markets in Valves for Norway between 2021 and 2022 were Brazil ($63.3M), Italy ($35.7M), and Germany ($22.7M).

COMPANIES In 2023, leading companies such as Samsung (2) were at the forefront of shipping Valves 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 Valves. 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)$301M
IMPORTS (2022)$953M
NET TRADE (2022)-$652M

In 2022, Norway exported $301M in Valves. The main destinations of Norway exports on Valves were South Korea ($39.8M), Brazil ($37.4M), United States ($24.8M), United Kingdom ($24.4M), and Angola ($13.8M).

In 2022, Norway imported $953M in Valves, mainly from United Kingdom ($183M), Italy ($149M), Germany ($119M), Brazil ($94M), and United States ($87.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Norway WERE (2021 - 2022):
South Korea$17.7M (80.1%)
Australia$6.27M (150%)
Singapore$6.04M (167%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Norway WERE (2021 - 2022):
United Kingdom-$19.7M (-44.7%)
Angola-$12.2M (-46.9%)
Russia-$6.09M (-86.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.7M
TOP IMPORT POTENTIALChina+ $37.9M

Valves’s highest export potential is United States. With an export gap of $19.7M.   Valves’s highest import potential is China with an import gap of $37.9M.

See methodology.

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