2022
Exports
$226MWorld Rnk 42 / 223
Flag Rnk 49 / 1197
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2022
Imports
$652MWorld Rnk 41 / 225
Flag Rnk 28 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $226M in Electrical Transformers, making it the 42nd largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 49th most exported product in Norway. The main destination of Electrical Transformers exports from Norway are: Sweden ($51.2M), United States ($34.7M), Germany ($21.3M), China ($14.3M), and United Kingdom ($13.8M).

The fastest growing export markets for Electrical Transformers of Norway between 2021 and 2022 were United States ($25.6M), Germany ($8.48M), and China ($7.99M).

Imports In 2022, Norway imported $652M in Electrical Transformers, becoming the 41st largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 28th most imported product in Norway. Norway imports Electrical Transformers primarily from: Sweden ($96.6M), China ($87.5M), Germany ($77.6M), Finland ($71.9M), and Croatia ($42.3M).

The fastest growing import markets in Electrical Transformers for Norway between 2021 and 2022 were Sweden ($42.2M), Croatia ($20.4M), and China ($19M).

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 Transformers. 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)$226M
IMPORTS (2022)$652M
NET TRADE (2022)-$426M

In 2022, Norway exported $226M in Electrical Transformers. The main destinations of Norway exports on Electrical Transformers were Sweden ($51.2M), United States ($34.7M), Germany ($21.3M), China ($14.3M), and United Kingdom ($13.8M).

In 2022, Norway imported $652M in Electrical Transformers, mainly from Sweden ($96.6M), China ($87.5M), Germany ($77.6M), Finland ($71.9M), and Croatia ($42.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$25.6M (283%)
Germany$8.48M (66.3%)
China$7.99M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Norway WERE (2021 - 2022):
Sweden-$9.02M (-15%)
Singapore-$5.46M (-71.4%)
Spain-$3.99M (-49.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.5M
TOP IMPORT POTENTIALChina+ $67.6M

Electrical Transformers’s highest export potential is United States. With an export gap of $23.5M.   Electrical Transformers’s highest import potential is China with an import gap of $67.6M.

See methodology.

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