2022
Exports
$6.96MWorld Rnk 44 / 182
Flag Rnk 359 / 1197
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$20.9MWorld Rnk 43 / 216
Flag Rnk 500 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $6.96M in Electromagnets, making it the 44th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 359th most exported product in Norway. The main destination of Electromagnets exports from Norway are: Netherlands ($3.6M), United States ($786k), France ($463k), United Kingdom ($265k), and Canada ($190k).

The fastest growing export markets for Electromagnets of Norway between 2021 and 2022 were Netherlands ($1.06M), France ($336k), and Canada ($157k).

Imports In 2022, Norway imported $20.9M in Electromagnets, becoming the 43rd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 500th most imported product in Norway. Norway imports Electromagnets primarily from: Germany ($4.55M), China ($4.47M), Sweden ($4.45M), Denmark ($1.2M), and United Kingdom ($1.13M).

The fastest growing import markets in Electromagnets for Norway between 2021 and 2022 were China ($1.14M), France ($820k), and United Kingdom ($731k).

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 Electromagnets. 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)$6.96M
IMPORTS (2022)$20.9M
NET TRADE (2022)-$13.9M

In 2022, Norway exported $6.96M in Electromagnets. The main destinations of Norway exports on Electromagnets were Netherlands ($3.6M), United States ($786k), France ($463k), United Kingdom ($265k), and Canada ($190k).

In 2022, Norway imported $20.9M in Electromagnets, mainly from Germany ($4.55M), China ($4.47M), Sweden ($4.45M), Denmark ($1.2M), and United Kingdom ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Netherlands$1.06M (42.1%)
France$336k (265%)
Canada$157k (471%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Norway WERE (2021 - 2022):
United States-$568k (-42%)
Saudi Arabia-$226k (-96.1%)
United Kingdom-$197k (-42.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Norway's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $713k
TOP IMPORT POTENTIALChina+ $3.05M

Electromagnets’s highest export potential is United States. With an export gap of $713k.   Electromagnets’s highest import potential is China with an import gap of $3.05M.

See methodology.

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