2022
Exports | Imports
$2.92M | $24.5MWorld Rnk 52 / 165
Flag Rnk 492 / 1197
World Rnk 56 / 211
Flag Rnk 466 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.58Rnk 41 / 124
2022
PRODUCT COMPLEXITY IN Forging Machines
1.41Rnk 62 / 1025

About

Exports In 2022, Norway exported $2.92M in Forging Machines, making it the 52nd largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 492nd most exported product in Norway. The main destination of Forging Machines exports from Norway are: Germany ($677k), Sweden ($313k), Denmark ($267k), United Kingdom ($218k), and China ($176k).

The fastest growing export markets for Forging Machines of Norway between 2021 and 2022 were Germany ($342k), Spain ($91.8k), and Estonia ($53.3k).

Imports In 2022, Norway imported $24.5M in Forging Machines, becoming the 56th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 466th most imported product in Norway. Norway imports Forging Machines primarily from: Italy ($5.25M), Germany ($4.19M), Sweden ($2.47M), Turkey ($2.02M), and United Kingdom ($1.48M).

The fastest growing import markets in Forging Machines for Norway between 2021 and 2022 were Italy ($1.15M), Japan ($925k), and Portugal ($730k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Forging Machines from Norway to the United States.

Latest Trends

Feb 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 Forging Machines. 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)$2.92M
IMPORTS (2022)$24.5M
NET TRADE (2022)-$21.5M

In 2022, Norway exported $2.92M in Forging Machines. The main destinations of Norway exports on Forging Machines were Germany ($677k), Sweden ($313k), Denmark ($267k), United Kingdom ($218k), and China ($176k).

In 2022, Norway imported $24.5M in Forging Machines, mainly from Italy ($5.25M), Germany ($4.19M), Sweden ($2.47M), Turkey ($2.02M), and United Kingdom ($1.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Germany$342k (102%)
Spain$91.8k (258%)
Estonia$53.3k (289%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Norway WERE (2021 - 2022):
Turkey-$438k (-75.9%)
Czechia-$393k (-100%)
Finland-$203k (-98.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Norway's main importing competitors in Forging Machines were:

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Trade Value of Forging Machines by Exporters

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