2022
Exports
$2.57MWorld Rnk 40 / 200
Flag Rnk 512 / 1197
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$25.7MWorld Rnk 33 / 219
Flag Rnk 455 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.57M in Wrenches, making it the 40th largest exporter of Wrenches in the world. At the same year, Wrenches was the 512th most exported product in Norway. The main destination of Wrenches exports from Norway are: Denmark ($911k), United Kingdom ($365k), United States ($182k), Sweden ($177k), and Netherlands ($127k).

The fastest growing export markets for Wrenches of Norway between 2021 and 2022 were Denmark ($466k), United Kingdom ($93.8k), and United States ($64.1k).

Imports In 2022, Norway imported $25.7M in Wrenches, becoming the 33rd largest importer of Wrenches in the world. At the same year, Wrenches was the 455th most imported product in Norway. Norway imports Wrenches primarily from: Chinese Taipei ($6.17M), Sweden ($3.9M), Germany ($3.66M), United States ($3.37M), and China ($2.86M).

The fastest growing import markets in Wrenches for Norway between 2021 and 2022 were Chinese Taipei ($794k), United States ($693k), and China ($498k).

Latest Trends

Sep 2024

Subnational Monthly Trade

View
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 Wrenches. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.57M
IMPORTS (2022)$25.7M
NET TRADE (2022)-$23.1M

In 2022, Norway exported $2.57M in Wrenches. The main destinations of Norway exports on Wrenches were Denmark ($911k), United Kingdom ($365k), United States ($182k), Sweden ($177k), and Netherlands ($127k).

In 2022, Norway imported $25.7M in Wrenches, mainly from Chinese Taipei ($6.17M), Sweden ($3.9M), Germany ($3.66M), United States ($3.37M), and China ($2.86M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Denmark$466k (105%)
United Kingdom$93.8k (34.6%)
United States$64.1k (54.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Norway WERE (2021 - 2022):
Italy-$368k (-97.3%)
Singapore-$362k (-98.2%)
Australia-$42.1k (-89.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $195k
TOP IMPORT POTENTIALChina+ $1.36M

Wrenches’s highest export potential is United States. With an export gap of $195k.   Wrenches’s highest import potential is China with an import gap of $1.36M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with