2023
Exports
$36.1MWorld Rnk 26 / 160
Flag Rnk 196 / 1199
2023
PRODUCT COMPLEXITY IN Electric Furnaces
1.62Rnk 31 / 1025
2023
Imports
$61MWorld Rnk 24 / 206
Flag Rnk 281 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $36.1M in Electric Furnaces, making it the 26th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 196th most exported product in Norway. The main destination of Electric Furnaces exports from Norway are: United States ($7.42M), China ($4.78M), Germany ($4.51M), France ($3.13M), and Finland ($2.73M).

The fastest growing export markets for Electric Furnaces of Norway between 2022 and 2023 were France ($2.66M), Finland ($1.29M), and Germany ($877k).

Imports In 2023, Norway imported $61M in Electric Furnaces, becoming the 24th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 281st most imported product in Norway. Norway imports Electric Furnaces primarily from: Germany ($14M), United Kingdom ($9.35M), Romania ($6.66M), India ($5.28M), and China ($4.97M).

The fastest growing import markets in Electric Furnaces for Norway between 2022 and 2023 were Germany ($10.5M), United Kingdom ($7.29M), and China ($4.09M).

Latest Trends

Jan 2025

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 Electric Furnaces. 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)$36.1M
IMPORTS (2023)$61M
NET TRADE (2023)-$24.8M

In 2023, Norway exported $36.1M in Electric Furnaces. The main destinations of Norway exports on Electric Furnaces were United States ($7.42M), China ($4.78M), Germany ($4.51M), France ($3.13M), and Finland ($2.73M).

In 2023, Norway imported $61M in Electric Furnaces, mainly from Germany ($14M), United Kingdom ($9.35M), Romania ($6.66M), India ($5.28M), and China ($4.97M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Norway WERE (2022 - 2023):
France$2.66M (569%)
Finland$1.29M (89.1%)
Germany$877k (24.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Norway WERE (2022 - 2023):
Iceland-$581k (-99.4%)
New Zealand-$535k (-100%)
Switzerland-$386k (-75.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Electric Furnaces were:
China $1.28B
Italy $638M
In 2023, Norway's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.63M
TOP IMPORT POTENTIALGermany+ $1.58M

Electric Furnaces’s highest export potential is United States. With an export gap of $1.63M.   Electric Furnaces’s highest import potential is Germany with an import gap of $1.58M.

See methodology.

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