2023
Exports
$406MWorld Rnk 32 / 219
Flag Rnk 29 / 1199
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$893MWorld Rnk 33 / 226
Flag Rnk 15 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $406M in Machinery Having Individual Functions, making it the 32nd largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 29th most exported product in Norway. The main destination of Machinery Having Individual Functions exports from Norway are: United Kingdom ($40.7M), United States ($35.8M), Australia ($35M), China ($26.7M), and Sweden ($26.5M).

The fastest growing export markets for Machinery Having Individual Functions of Norway between 2022 and 2023 were Australia ($24.6M), Angola ($15.6M), and China ($13.9M).

Imports In 2023, Norway imported $893M in Machinery Having Individual Functions, becoming the 33rd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 15th most imported product in Norway. Norway imports Machinery Having Individual Functions primarily from: Germany ($130M), United Kingdom ($119M), United States ($97.7M), Sweden ($63.1M), and Netherlands ($54M).

The fastest growing import markets in Machinery Having Individual Functions for Norway between 2022 and 2023 were Finland ($26.4M), Netherlands ($24.9M), and United Arab Emirates ($24M).

Latest Trends

Jan 2025

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 Machinery Having Individual Functions. 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)$406M
IMPORTS (2023)$893M
NET TRADE (2023)-$488M

In 2023, Norway exported $406M in Machinery Having Individual Functions. The main destinations of Norway exports on Machinery Having Individual Functions were United Kingdom ($40.7M), United States ($35.8M), Australia ($35M), China ($26.7M), and Sweden ($26.5M).

In 2023, Norway imported $893M in Machinery Having Individual Functions, mainly from Germany ($130M), United Kingdom ($119M), United States ($97.7M), Sweden ($63.1M), and Netherlands ($54M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Australia$24.6M (237%)
Angola$15.6M (362%)
China$13.9M (109%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Norway WERE (2022 - 2023):
South Korea-$22.1M (-78.3%)
Senegal-$8.9M (-93.2%)
Mauritania-$2.85M (-79.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Norway's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Norway's main importing competitors in Machinery Having Individual Functions were:

Explore Visualizations

Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.9M
TOP IMPORT POTENTIALGermany+ $30.4M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $25.9M.   Machinery Having Individual Functions’s highest import potential is Germany with an import gap of $30.4M.

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