2022
Exports
$587MWorld Rnk 39 / 226
Flag Rnk 20 / 1197
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$761MWorld Rnk 48 / 225
Flag Rnk 21 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $587M in Motor vehicles; parts and accessories (8701 to 8705), making it the 39th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 20th most exported product in Norway. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Norway are: Sweden ($172M), Germany ($148M), Belgium ($38.1M), Czechia ($30.4M), and China ($24.6M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Norway between 2021 and 2022 were Sweden ($26.4M), Netherlands ($4.59M), and United Kingdom ($3.6M).

Imports In 2022, Norway imported $761M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 48th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 21st most imported product in Norway. Norway imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Sweden ($186M), Germany ($161M), China ($58.2M), Denmark ($38.5M), and Poland ($35.7M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Norway between 2021 and 2022 were Sweden ($17.5M), China ($12.5M), and Romania ($3.55M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (13) and Robert Bosch (5) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$587M
IMPORTS (2022)$761M
NET TRADE (2022)-$175M

In 2022, Norway exported $587M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Norway exports on Motor vehicles; parts and accessories (8701 to 8705) were Sweden ($172M), Germany ($148M), Belgium ($38.1M), Czechia ($30.4M), and China ($24.6M).

In 2022, Norway imported $761M in Motor vehicles; parts and accessories (8701 to 8705), mainly from Sweden ($186M), Germany ($161M), China ($58.2M), Denmark ($38.5M), and Poland ($35.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$26.4M (18.2%)
Netherlands$4.59M (27.3%)
United Kingdom$3.6M (44.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Norway WERE (2021 - 2022):
China-$35.9M (-59.3%)
Poland-$4.46M (-19.5%)
Saudi Arabia-$4.03M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Norway's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $51.8M
TOP IMPORT POTENTIALGermany+ $80.8M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is Germany. With an export gap of $51.8M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is Germany with an import gap of $80.8M.

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