2022
Exports
$482kWorld Rnk 51 / 167
Flag Rnk 733 / 1197
2022
PRODUCT COMPLEXITY IN Electric Musical Instruments
0.55Rnk 344 / 1025
2022
Imports
$19.1MWorld Rnk 31 / 210
Flag Rnk 514 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $482k in Electric Musical Instruments, making it the 51st largest exporter of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 733rd most exported product in Norway. The main destination of Electric Musical Instruments exports from Norway are: United States ($254k), Germany ($47.3k), Denmark ($39.3k), Sweden ($32.6k), and Switzerland ($32.4k).

The fastest growing export markets for Electric Musical Instruments of Norway between 2021 and 2022 were United States ($195k), Denmark ($19.2k), and Netherlands ($17.5k).

Imports In 2018, Norway imported $19.1M in Electric Musical Instruments, becoming the 31st largest importer of Electric Musical Instruments in the world. At the same year, Electric Musical Instruments was the 514th most imported product in Norway. Norway imports Electric Musical Instruments primarily from: Sweden ($5.43M), China ($2.95M), Germany ($2.42M), Indonesia ($2.29M), and Malaysia ($1.62M).

The fastest growing import markets in Electric Musical Instruments for Norway between 2021 and 2022 were Japan ($159k), India ($73.2k), and Malaysia ($67.8k).

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 Musical Instruments. 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)$482k
IMPORTS (2022)$19.1M
NET TRADE (2022)-$18.6M

In 2022, Norway exported $482k in Electric Musical Instruments. The main destinations of Norway exports on Electric Musical Instruments were United States ($254k), Germany ($47.3k), Denmark ($39.3k), Sweden ($32.6k), and Switzerland ($32.4k).

In 2022, Norway imported $19.1M in Electric Musical Instruments, mainly from Sweden ($5.43M), China ($2.95M), Germany ($2.42M), Indonesia ($2.29M), and Malaysia ($1.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Musical Instruments EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$195k (329%)
Denmark$19.2k (95.7%)
Netherlands$17.5k (769%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Musical Instruments BY Norway WERE (2021 - 2022):
United Kingdom-$20k (-89.7%)
Spain-$10.1k (-81.2%)
Canada-$6.65k (-79.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electric Musical Instruments by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $157k
TOP IMPORT POTENTIALChina+ $1.08M

Electric Musical Instruments’s highest export potential is United States. With an export gap of $157k.   Electric Musical Instruments’s highest import potential is China with an import gap of $1.08M.

See methodology.

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