2023
Exports
$12MWorld Rnk 44 / 221
Flag Rnk 293 / 1199
2023
PRODUCT COMPLEXITY IN Other Hand Tools
1.82Rnk 14 / 1025
2023
Imports
$60.5MWorld Rnk 32 / 225
Flag Rnk 284 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $12M in Other Hand Tools, making it the 44th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 293rd most exported product in Norway. The main destination of Other Hand Tools exports from Norway are: Sweden ($2.36M), Denmark ($1.51M), United Kingdom ($1.4M), Germany ($1.25M), and United States ($642k).

The fastest growing export markets for Other Hand Tools of Norway between 2022 and 2023 were Germany ($945k), United Kingdom ($537k), and Cote d'Ivoire ($492k).

Imports In 2023, Norway imported $60.5M in Other Hand Tools, becoming the 32nd largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 284th most imported product in Norway. Norway imports Other Hand Tools primarily from: China ($12.7M), Germany ($7.33M), Chinese Taipei ($7.25M), Sweden ($5.89M), and United States ($4.3M).

The fastest growing import markets in Other Hand Tools for Norway between 2022 and 2023 were Netherlands ($540k), Singapore ($220k), and Australia ($178k).

COMPANIES In 2024, leading companies such as Stanley Black & Decker (4) were at the forefront of shipping Other Hand Tools from Norway to the United States.

Latest Trends

Dec 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 Other Hand Tools. 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 (2023)$12M
IMPORTS (2023)$60.5M
NET TRADE (2023)-$48.5M

In 2023, Norway exported $12M in Other Hand Tools. The main destinations of Norway exports on Other Hand Tools were Sweden ($2.36M), Denmark ($1.51M), United Kingdom ($1.4M), Germany ($1.25M), and United States ($642k).

In 2023, Norway imported $60.5M in Other Hand Tools, mainly from China ($12.7M), Germany ($7.33M), Chinese Taipei ($7.25M), Sweden ($5.89M), and United States ($4.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Germany$945k (313%)
United Kingdom$537k (62.5%)
Cote d'Ivoire$492k (2.08k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Norway WERE (2022 - 2023):
Angola-$824k (-73.1%)
Malaysia-$348k (-75.3%)
Denmark-$181k (-10.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Other Hand Tools were:
In 2023, Norway's main importing competitors in Other Hand Tools were:

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $913k
TOP IMPORT POTENTIALChina+ $4.42M

Other Hand Tools’s highest export potential is United States. With an export gap of $913k.   Other Hand Tools’s highest import potential is China with an import gap of $4.42M.

See methodology.

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