2018
Exports
$1.9MWorld Rnk 45 / 203
Flag Rnk 562 / 1197
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2018
Imports
$18.8MWorld Rnk 36 / 220
Flag Rnk 515 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2018, Norway exported $1.9M in Hand Tools, making it the 45th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 562nd most exported product in Norway. The main destination of Hand Tools exports from Norway are: Sweden ($973k), Denmark ($205k), Germany ($142k), United Kingdom ($72.3k), and France ($62.6k).

The fastest growing export markets for Hand Tools of Norway between 2021 and 2022 were Sweden ($123k), Denmark ($89.1k), and France ($57.1k).

Imports In 2022, Norway imported $18.8M in Hand Tools, becoming the 36th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 515th most imported product in Norway. Norway imports Hand Tools primarily from: Germany ($5.07M), Sweden ($4.46M), China ($2.62M), Chinese Taipei ($1.33M), and Denmark ($669k).

The fastest growing import markets in Hand Tools for Norway between 2021 and 2022 were China ($753k), Italy ($262k), and Germany ($226k).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (1) were at the forefront of shipping Hand Tools from Norway to the United States.

Latest Trends

Aug 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 Hand Tools. 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)$1.9M
IMPORTS (2022)$18.8M
NET TRADE (2022)-$16.9M

In 2022, Norway exported $1.9M in Hand Tools. The main destinations of Norway exports on Hand Tools were Sweden ($973k), Denmark ($205k), Germany ($142k), United Kingdom ($72.3k), and France ($62.6k).

In 2022, Norway imported $18.8M in Hand Tools, mainly from Germany ($5.07M), Sweden ($4.46M), China ($2.62M), Chinese Taipei ($1.33M), and Denmark ($669k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$123k (14.5%)
Denmark$89.1k (77.1%)
France$57.1k (1.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Norway WERE (2021 - 2022):
Angola-$83.5k (-97.1%)
Australia-$72.6k (-96.6%)
United Kingdom-$47k (-39.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Hand Tools were:
In 2022, Norway's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $118k
TOP IMPORT POTENTIALChina+ $1.08M

Hand Tools’s highest export potential is Germany. With an export gap of $118k.   Hand Tools’s highest import potential is China with an import gap of $1.08M.

See methodology.

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