2022
Exports
$56.8MWorld Rnk 32 / 193
Flag Rnk 157 / 1197
2022
PRODUCT COMPLEXITY IN Electric Generating Sets
0.31Rnk 443 / 1025
2022
Imports
$133MWorld Rnk 49 / 221
Flag Rnk 165 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $56.8M in Electric Generating Sets, making it the 32nd largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 157th most exported product in Norway. The main destination of Electric Generating Sets exports from Norway are: Lithuania ($13.1M), Turkey ($5.85M), Iraq ($4.49M), Romania ($3.82M), and Italy ($3.67M).

The fastest growing export markets for Electric Generating Sets of Norway between 2021 and 2022 were Lithuania ($13M), Iraq ($4.26M), and Colombia ($2.53M).

Imports In 2022, Norway imported $133M in Electric Generating Sets, becoming the 49th largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 165th most imported product in Norway. Norway imports Electric Generating Sets primarily from: Germany ($54.5M), Denmark ($25.8M), China ($12.5M), Sweden ($7.49M), and Spain ($5.56M).

The fastest growing import markets in Electric Generating Sets for Norway between 2021 and 2022 were Sweden ($1.78M), Portugal ($882k), and Italy ($627k).

Latest Trends

Jul 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 Electric Generating Sets. 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)$56.8M
IMPORTS (2022)$133M
NET TRADE (2022)-$76.4M

In 2022, Norway exported $56.8M in Electric Generating Sets. The main destinations of Norway exports on Electric Generating Sets were Lithuania ($13.1M), Turkey ($5.85M), Iraq ($4.49M), Romania ($3.82M), and Italy ($3.67M).

In 2022, Norway imported $133M in Electric Generating Sets, mainly from Germany ($54.5M), Denmark ($25.8M), China ($12.5M), Sweden ($7.49M), and Spain ($5.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Generating Sets EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Lithuania$13M (63k%)
Iraq$4.26M (1.88k%)
Colombia$2.53M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Generating Sets BY Norway WERE (2021 - 2022):
Australia-$37.9M (-100%)
United States-$15M (-90.2%)
Turkey-$13.6M (-70%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electric Generating Sets were:
In 2022, Norway's main importing competitors in Electric Generating Sets were:

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Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.39M
TOP IMPORT POTENTIALChina+ $7.79M

Electric Generating Sets’s highest export potential is United States. With an export gap of $2.39M.   Electric Generating Sets’s highest import potential is China with an import gap of $7.79M.

See methodology.

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