2022
Exports
$2.68BWorld Rnk 48 / 226
Flag Rnk 6 / 96
2022
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.96Rnk 7 / 1025
2022
Imports
$9.56BWorld Rnk 42 / 226
Flag Rnk 4 / 96
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.68B in Electrical machinery and electronics, making it the 48th largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 6th most exported product in Norway. The main destination of Electrical machinery and electronics exports from Norway are: Sweden ($301M), United States ($291M), Turkey ($156M), Netherlands ($153M), and Iceland ($153M).

The fastest growing export markets for Electrical machinery and electronics of Norway between 2021 and 2022 were Egypt ($101M), Turkey ($67.9M), and Mauritania ($38.4M).

Imports In 2022, Norway imported $9.56B in Electrical machinery and electronics, becoming the 42nd largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 4th most imported product in Norway. Norway imports Electrical machinery and electronics primarily from: China ($2.35B), Sweden ($2.19B), Germany ($916M), United States ($383M), and Denmark ($373M).

The fastest growing import markets in Electrical machinery and electronics for Norway between 2021 and 2022 were China ($174M), United States ($67.3M), and Iceland ($36.8M).

COMPANIES In 2023, leading companies such as Samsung (25), Costco Wholesale (5), and General Motors (4) were at the forefront of shipping Electrical machinery and electronics from Norway to the United States.

Latest Trends

Oct 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 machinery and electronics. 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)$2.68B
IMPORTS (2022)$9.56B
NET TRADE (2022)-$6.88B

In 2022, Norway exported $2.68B in Electrical machinery and electronics. The main destinations of Norway exports on Electrical machinery and electronics were Sweden ($301M), United States ($291M), Turkey ($156M), Netherlands ($153M), and Iceland ($153M).

In 2022, Norway imported $9.56B in Electrical machinery and electronics, mainly from China ($2.35B), Sweden ($2.19B), Germany ($916M), United States ($383M), and Denmark ($373M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Egypt$101M (537%)
Turkey$67.9M (77.4%)
Mauritania$38.4M (11k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Norway WERE (2021 - 2022):
United Kingdom-$176M (-54.8%)
Australia-$71.2M (-73.9%)
Iceland-$70.7M (-31.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electrical machinery and electronics were:
In 2022, Norway's main importing competitors in Electrical machinery and electronics were:

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $224M
TOP IMPORT POTENTIALChina+ $720M

Electrical machinery and electronics’s highest export potential is United States. With an export gap of $224M.   Electrical machinery and electronics’s highest import potential is China with an import gap of $720M.

See methodology.

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