2022
Exports
$11MWorld Rnk 42 / 218
Flag Rnk 322 / 1197
2022
PRODUCT COMPLEXITY IN Other Hand Tools
1.51Rnk 50 / 1025
2022
Imports
$69.3MWorld Rnk 32 / 224
Flag Rnk 276 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $11M in Other Hand Tools, making it the 42nd largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 322nd most exported product in Norway. The main destination of Other Hand Tools exports from Norway are: Denmark ($1.59M), Sweden ($1.51M), United Kingdom ($1.03M), United States ($836k), and Netherlands ($800k).

The fastest growing export markets for Other Hand Tools of Norway between 2021 and 2022 were United Kingdom ($619k), Denmark ($499k), and United States ($289k).

Imports In 2022, Norway imported $69.3M 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 276th most imported product in Norway. Norway imports Other Hand Tools primarily from: Sweden ($13.1M), China ($11.7M), Germany ($8.49M), Denmark ($8.14M), and Chinese Taipei ($4.26M).

The fastest growing import markets in Other Hand Tools for Norway between 2021 and 2022 were China ($1.58M), Denmark ($1.36M), and United Kingdom ($1.07M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (19) were at the forefront of shipping Other Hand Tools from Norway to the United States.

Latest Trends

Jul 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 (2022)$11M
IMPORTS (2022)$69.3M
NET TRADE (2022)-$58.3M

In 2022, Norway exported $11M in Other Hand Tools. The main destinations of Norway exports on Other Hand Tools were Denmark ($1.59M), Sweden ($1.51M), United Kingdom ($1.03M), United States ($836k), and Netherlands ($800k).

In 2022, Norway imported $69.3M in Other Hand Tools, mainly from Sweden ($13.1M), China ($11.7M), Germany ($8.49M), Denmark ($8.14M), and Chinese Taipei ($4.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United Kingdom$619k (152%)
Denmark$499k (45.7%)
United States$289k (52.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Norway WERE (2021 - 2022):
Singapore-$535k (-90.4%)
Portugal-$380k (-98.7%)
Saudi Arabia-$367k (-87.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Other Hand Tools were:
In 2022, 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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