2022
Exports
$1.5MWorld Rnk 49 / 160
Flag Rnk 589 / 1197
2022
PRODUCT COMPLEXITY IN Knitting Machine Accessories
1.56Rnk 40 / 1025
2022
Imports
$1.99MWorld Rnk 95 / 202
Flag Rnk 911 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $1.5M in Knitting Machine Accessories, making it the 49th largest exporter of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 589th most exported product in Norway. The main destination of Knitting Machine Accessories exports from Norway are: Canada ($198k), United States ($192k), Germany ($157k), Sweden ($138k), and India ($129k).

The fastest growing export markets for Knitting Machine Accessories of Norway between 2021 and 2022 were India ($48.2k), Spain ($45.3k), and Austria ($30.7k).

Imports In 2022, Norway imported $1.99M in Knitting Machine Accessories, becoming the 95th largest importer of Knitting Machine Accessories in the world. At the same year, Knitting Machine Accessories was the 911th most imported product in Norway. Norway imports Knitting Machine Accessories primarily from: Germany ($302k), Sweden ($226k), Italy ($222k), Denmark ($197k), and Canada ($155k).

The fastest growing import markets in Knitting Machine Accessories for Norway between 2021 and 2022 were Canada ($150k), Germany ($106k), and France ($78.3k).

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 Knitting Machine Accessories. 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)$1.5M
IMPORTS (2022)$1.99M
NET TRADE (2022)-$498k

In 2022, Norway exported $1.5M in Knitting Machine Accessories. The main destinations of Norway exports on Knitting Machine Accessories were Canada ($198k), United States ($192k), Germany ($157k), Sweden ($138k), and India ($129k).

In 2022, Norway imported $1.99M in Knitting Machine Accessories, mainly from Germany ($302k), Sweden ($226k), Italy ($222k), Denmark ($197k), and Canada ($155k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knitting Machine Accessories EXPORT MARKETS FOR Norway WERE (2021 - 2022):
India$48.2k (59.4%)
Spain$45.3k (593%)
Austria$30.7k (418%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knitting Machine Accessories BY Norway WERE (2021 - 2022):
Russia-$263k (-100%)
United States-$225k (-54%)
Canada-$153k (-43.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Knitting Machine Accessories were:
In 2022, Norway's main importing competitors in Knitting Machine Accessories were:

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Trade Value of Knitting Machine Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $160k
TOP IMPORT POTENTIALGermany+ $282k

Knitting Machine Accessories’s highest export potential is India. With an export gap of $160k.   Knitting Machine Accessories’s highest import potential is Germany with an import gap of $282k.

See methodology.

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