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Exports In 2023, Norway exported $50.5k in Balances, making it the 53rd largest exporter of Balances in the world. At the same year, Balances was the 986th most exported product in Norway. The main destination of Balances exports from Norway are: Denmark ($22.3k), United States ($10.3k), United Kingdom ($4.61k), Netherlands ($2.74k), and Germany ($2.19k).

The fastest growing export markets for Balances of Norway between 2022 and 2023 were Denmark ($21.4k), United States ($3.38k), and Saudi Arabia ($2.04k).

Imports In 2023, Norway imported $1.35M in Balances, becoming the 48th largest importer of Balances in the world. At the same year, Balances was the 941st most imported product in Norway. Norway imports Balances primarily from: Switzerland ($422k), Germany ($302k), China ($267k), Denmark ($96.7k), and United States ($69.8k).

The fastest growing import markets in Balances for Norway between 2022 and 2023 were Denmark ($91.2k), Germany ($77.7k), and China ($39.1k).

Latest Trends

Dec 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 Balances. 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 (2023)$50.5k
IMPORTS (2023)$1.35M
NET TRADE (2023)-$1.3M

In 2023, Norway exported $50.5k in Balances. The main destinations of Norway exports on Balances were Denmark ($22.3k), United States ($10.3k), United Kingdom ($4.61k), Netherlands ($2.74k), and Germany ($2.19k).

In 2023, Norway imported $1.35M in Balances, mainly from Switzerland ($422k), Germany ($302k), China ($267k), Denmark ($96.7k), and United States ($69.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Denmark$21.4k (2.32k%)
United States$3.38k (48.8%)
Saudi Arabia$2.04k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Norway WERE (2022 - 2023):
Sweden-$16.6k (-93.7%)
United Kingdom-$14.8k (-76.2%)
Panama-$12.3k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Balances were:
In 2023, Norway's main importing competitors in Balances were:

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $9.51k
TOP IMPORT POTENTIALChina+ $83k

Balances’s highest export potential is United States. With an export gap of $9.51k.   Balances’s highest import potential is China with an import gap of $83k.

See methodology.

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