2022
Exports
$1.43MWorld Rnk 55 / 202
Flag Rnk 594 / 1197
2022
PRODUCT COMPLEXITY IN Rubber Belting
0.48Rnk 373 / 1025
2022
Imports
$27.5MWorld Rnk 50 / 224
Flag Rnk 441 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $1.43M in Rubber Belting, making it the 55th largest exporter of Rubber Belting in the world. At the same year, Rubber Belting was the 594th most exported product in Norway. The main destination of Rubber Belting exports from Norway are: China ($230k), Sweden ($221k), Denmark ($119k), Netherlands ($99.1k), and United States ($95.8k).

The fastest growing export markets for Rubber Belting of Norway between 2021 and 2022 were China ($227k), United Arab Emirates ($83.8k), and United States ($63.1k).

Imports In 2022, Norway imported $27.5M in Rubber Belting, becoming the 50th largest importer of Rubber Belting in the world. At the same year, Rubber Belting was the 441st most imported product in Norway. Norway imports Rubber Belting primarily from: Sweden ($6.75M), Germany ($6.47M), Denmark ($2.74M), Poland ($1.9M), and China ($1.23M).

The fastest growing import markets in Rubber Belting for Norway between 2021 and 2022 were Germany ($1.03M), Poland ($1.02M), and Sweden ($603k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (12) were at the forefront of shipping Rubber Belting 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 Rubber Belting. 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)$1.43M
IMPORTS (2022)$27.5M
NET TRADE (2022)-$26M

In 2022, Norway exported $1.43M in Rubber Belting. The main destinations of Norway exports on Rubber Belting were China ($230k), Sweden ($221k), Denmark ($119k), Netherlands ($99.1k), and United States ($95.8k).

In 2022, Norway imported $27.5M in Rubber Belting, mainly from Sweden ($6.75M), Germany ($6.47M), Denmark ($2.74M), Poland ($1.9M), and China ($1.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Belting EXPORT MARKETS FOR Norway WERE (2021 - 2022):
China$227k (7.92k%)
United Arab Emirates$83.8k (2.75k%)
United States$63.1k (193%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Belting BY Norway WERE (2021 - 2022):
Peru-$66.4k (-95.7%)
Russia-$31.7k (-28.1%)
Greenland-$29.9k (-96.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Rubber Belting were:
In 2022, Norway's main importing competitors in Rubber Belting were:

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Trade Value of Rubber Belting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $178k
TOP IMPORT POTENTIALChina+ $1.39M

Rubber Belting’s highest export potential is United States. With an export gap of $178k.   Rubber Belting’s highest import potential is China with an import gap of $1.39M.

See methodology.

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