2023
Exports
$69.8MWorld Rnk 39 / 184
Flag Rnk 136 / 1199
2023
PRODUCT COMPLEXITY IN Lifting Machinery
1.09Rnk 149 / 1025
2023
Imports
$351MWorld Rnk 27 / 222
Flag Rnk 61 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $69.8M in Lifting Machinery, making it the 39th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 136th most exported product in Norway. The main destination of Lifting Machinery exports from Norway are: United States ($20M), Turkey ($16.4M), Netherlands ($7.17M), Sweden ($6.05M), and Chinese Taipei ($2.96M).

The fastest growing export markets for Lifting Machinery of Norway between 2022 and 2023 were United States ($12.2M), Turkey ($8.67M), and Netherlands ($4.89M).

Imports In 2023, Norway imported $351M in Lifting Machinery, becoming the 27th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 61st most imported product in Norway. Norway imports Lifting Machinery primarily from: Germany ($56.7M), Sweden ($48.6M), Finland ($31.5M), Netherlands ($26.3M), and Denmark ($25.7M).

The fastest growing import markets in Lifting Machinery for Norway between 2022 and 2023 were Germany ($21.2M), South Korea ($8.89M), and Sweden ($6.75M).

COMPANIES In 2024, leading companies such as Office Star Products (10), Costco Wholesale (4), and REI (Recreational Equipment Incorporated) (3) were at the forefront of shipping Lifting Machinery from Norway to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Lifting Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$69.8M
IMPORTS (2023)$351M
NET TRADE (2023)-$281M

In 2023, Norway exported $69.8M in Lifting Machinery. The main destinations of Norway exports on Lifting Machinery were United States ($20M), Turkey ($16.4M), Netherlands ($7.17M), Sweden ($6.05M), and Chinese Taipei ($2.96M).

In 2023, Norway imported $351M in Lifting Machinery, mainly from Germany ($56.7M), Sweden ($48.6M), Finland ($31.5M), Netherlands ($26.3M), and Denmark ($25.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United States$12.2M (157%)
Turkey$8.67M (112%)
Netherlands$4.89M (215%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Norway WERE (2022 - 2023):
Sweden-$5.37M (-47%)
China-$977k (-52.6%)
United Kingdom-$896k (-39.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Norway's main exporting competitors in Lifting Machinery were:
China $7.77B
Italy $2.7B
In 2023, Norway's main importing competitors in Lifting Machinery were:

Explore Visualizations

Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.72M
TOP IMPORT POTENTIALChina+ $14.9M

Lifting Machinery’s highest export potential is United States. With an export gap of $5.72M.   Lifting Machinery’s highest import potential is China with an import gap of $14.9M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with