2022
Exports
$394MWorld Rnk 34 / 216
Flag Rnk 26 / 1197
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.9Rnk 10 / 1025
2022
Imports
$721MWorld Rnk 38 / 225
Flag Rnk 24 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $394M in Machinery Having Individual Functions, making it the 34th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 26th most exported product in Norway. The main destination of Machinery Having Individual Functions exports from Norway are: United Kingdom ($62.1M), United States ($35.7M), Turkey ($23.1M), Denmark ($20.9M), and Sweden ($20.9M).

The fastest growing export markets for Machinery Having Individual Functions of Norway between 2021 and 2022 were Turkey ($10.6M), United Kingdom ($10.5M), and Indonesia ($5.54M).

Imports In 2022, Norway imported $721M in Machinery Having Individual Functions, becoming the 38th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 24th most imported product in Norway. Norway imports Machinery Having Individual Functions primarily from: Germany ($130M), United Kingdom ($89.3M), Sweden ($79.6M), United States ($68.9M), and Denmark ($62M).

The fastest growing import markets in Machinery Having Individual Functions for Norway between 2021 and 2022 were Denmark ($20M), China ($7.08M), and United Arab Emirates ($6.75M).

COMPANIES In 2023, leading companies such as Red Bull (1) were at the forefront of shipping Machinery Having Individual Functions from Norway to the United States.

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 Machinery Having Individual Functions. 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)$394M
IMPORTS (2022)$721M
NET TRADE (2022)-$327M

In 2022, Norway exported $394M in Machinery Having Individual Functions. The main destinations of Norway exports on Machinery Having Individual Functions were United Kingdom ($62.1M), United States ($35.7M), Turkey ($23.1M), Denmark ($20.9M), and Sweden ($20.9M).

In 2022, Norway imported $721M in Machinery Having Individual Functions, mainly from Germany ($130M), United Kingdom ($89.3M), Sweden ($79.6M), United States ($68.9M), and Denmark ($62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Turkey$10.6M (85%)
United Kingdom$10.5M (20.4%)
Indonesia$5.54M (313%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Norway WERE (2021 - 2022):
South Korea-$77.6M (-89%)
Angola-$23.4M (-82.2%)
China-$10.2M (-47.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Machinery Having Individual Functions were:
In 2022, Norway's main importing competitors in Machinery Having Individual Functions were:

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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.

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