2023
Exports
$18.3MWorld Rnk 40 / 197
Flag Rnk 253 / 1199
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$44.9MWorld Rnk 46 / 224
Flag Rnk 344 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $18.3M in Electric Soldering Equipment, making it the 40th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 253rd most exported product in Norway. The main destination of Electric Soldering Equipment exports from Norway are: United States ($5.56M), China ($1.91M), Turkey ($1.43M), Poland ($1.42M), and Australia ($989k).

The fastest growing export markets for Electric Soldering Equipment of Norway between 2022 and 2023 were China ($1.55M), United States ($1.5M), and Poland ($1.24M).

Imports In 2023, Norway imported $44.9M in Electric Soldering Equipment, becoming the 46th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 344th most imported product in Norway. Norway imports Electric Soldering Equipment primarily from: Germany ($6.8M), Finland ($5.81M), Sweden ($5.57M), Italy ($4.26M), and China ($3.54M).

The fastest growing import markets in Electric Soldering Equipment for Norway between 2022 and 2023 were Sweden ($2.69M), United States ($1.31M), and Finland ($985k).

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 Electric Soldering Equipment. 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)$18.3M
IMPORTS (2023)$44.9M
NET TRADE (2023)-$26.5M

In 2023, Norway exported $18.3M in Electric Soldering Equipment. The main destinations of Norway exports on Electric Soldering Equipment were United States ($5.56M), China ($1.91M), Turkey ($1.43M), Poland ($1.42M), and Australia ($989k).

In 2023, Norway imported $44.9M in Electric Soldering Equipment, mainly from Germany ($6.8M), Finland ($5.81M), Sweden ($5.57M), Italy ($4.26M), and China ($3.54M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Norway WERE (2022 - 2023):
China$1.55M (425%)
United States$1.5M (37.1%)
Poland$1.24M (676%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Norway WERE (2022 - 2023):
Netherlands-$675k (-91.1%)
Sweden-$319k (-25.3%)
Austria-$243k (-97.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Electric Soldering Equipment were:
In 2023, Norway's main importing competitors in Electric Soldering Equipment were:

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.84M
TOP IMPORT POTENTIALChina+ $2.75M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $1.84M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $2.75M.

See methodology.

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