2023
Exports
$184MWorld Rnk 14 / 183
Flag Rnk 64 / 1199
2023
PRODUCT COMPLEXITY IN Compasses
0.63Rnk 316 / 1025
2023
Imports
$142MWorld Rnk 16 / 217
Flag Rnk 144 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $184M in Compasses, making it the 14th largest exporter of Compasses in the world. At the same year, Compasses was the 64th most exported product in Norway. The main destination of Compasses exports from Norway are: United States ($40.1M), China ($18.3M), Spain ($16.1M), United Kingdom ($13.7M), and Netherlands ($11M).

The fastest growing export markets for Compasses of Norway between 2022 and 2023 were United States ($18M), China ($9.94M), and Spain ($6.15M).

Imports In 2023, Norway imported $142M in Compasses, becoming the 16th largest importer of Compasses in the world. At the same year, Compasses was the 144th most imported product in Norway. Norway imports Compasses primarily from: United States ($71.6M), United Kingdom ($11.9M), France ($10.5M), Japan ($10.4M), and Germany ($6.52M).

The fastest growing import markets in Compasses for Norway between 2022 and 2023 were United States ($14M), Japan ($4.81M), and Spain ($1.34M).

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 Compasses. 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)$184M
IMPORTS (2023)$142M
NET TRADE (2023)$42.1M

In 2023, Norway exported $184M in Compasses. The main destinations of Norway exports on Compasses were United States ($40.1M), China ($18.3M), Spain ($16.1M), United Kingdom ($13.7M), and Netherlands ($11M).

In 2023, Norway imported $142M in Compasses, mainly from United States ($71.6M), United Kingdom ($11.9M), France ($10.5M), Japan ($10.4M), and Germany ($6.52M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United States$18M (81.7%)
China$9.94M (120%)
Spain$6.15M (61.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Norway WERE (2022 - 2023):
Vietnam-$4.95M (-79.4%)
Malaysia-$2.85M (-79.6%)
Canada-$2.01M (-39%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.74M
TOP IMPORT POTENTIALUnited Kingdom+ $2.6M

Compasses’s highest export potential is United States. With an export gap of $4.74M.   Compasses’s highest import potential is United Kingdom with an import gap of $2.6M.

See methodology.

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