2022
Exports
$357MWorld Rnk 34 / 219
Flag Rnk 29 / 1197
2022
PRODUCT COMPLEXITY IN Electrical Control Boards
0.56Rnk 343 / 1025
2022
Imports
$319MWorld Rnk 40 / 224
Flag Rnk 77 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $357M in Electrical Control Boards, making it the 34th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 29th most exported product in Norway. The main destination of Electrical Control Boards exports from Norway are: Netherlands ($44.9M), Sweden ($29.4M), United States ($28.5M), Egypt ($21.3M), and Germany ($20.7M).

The fastest growing export markets for Electrical Control Boards of Norway between 2021 and 2022 were Egypt ($18M), United Kingdom ($3.66M), and France ($3.38M).

Imports In 2022, Norway imported $319M in Electrical Control Boards, becoming the 40th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 77th most imported product in Norway. Norway imports Electrical Control Boards primarily from: Germany ($81.4M), Sweden ($40.2M), United States ($27.4M), China ($25.2M), and Lithuania ($19.2M).

The fastest growing import markets in Electrical Control Boards for Norway between 2021 and 2022 were United States ($13.2M), Lithuania ($12.5M), and Hungary ($6.69M).

COMPANIES In 2023, leading companies such as Samsung (5) and Haas Automation (1) were at the forefront of shipping Electrical Control Boards from Norway to the United States.

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 Electrical Control Boards. 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)$357M
IMPORTS (2022)$319M
NET TRADE (2022)$37.9M

In 2022, Norway exported $357M in Electrical Control Boards. The main destinations of Norway exports on Electrical Control Boards were Netherlands ($44.9M), Sweden ($29.4M), United States ($28.5M), Egypt ($21.3M), and Germany ($20.7M).

In 2022, Norway imported $319M in Electrical Control Boards, mainly from Germany ($81.4M), Sweden ($40.2M), United States ($27.4M), China ($25.2M), and Lithuania ($19.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Egypt$18M (549%)
United Kingdom$3.66M (37.4%)
France$3.38M (60.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Norway WERE (2021 - 2022):
Netherlands-$13.3M (-22.8%)
South Korea-$10M (-47.9%)
Turkey-$8.71M (-44.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, Norway's main importing competitors in Electrical Control Boards were:

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Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.2M
TOP IMPORT POTENTIALChina+ $20.1M

Electrical Control Boards’s highest export potential is United States. With an export gap of $25.2M.   Electrical Control Boards’s highest import potential is China with an import gap of $20.1M.

See methodology.

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