2023
Exports
$25.2MWorld Rnk 43 / 136
Flag Rnk 228 / 1199
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2023
Imports
$4.63MWorld Rnk 59 / 179
Flag Rnk 758 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $25.2M in Silver, making it the 43rd largest exporter of Silver in the world. At the same year, Silver was the 228th most exported product in Norway. The main destination of Silver exports from Norway are: Switzerland ($8.24M), Sweden ($6.52M), United States ($4.24M), Finland ($3.31M), and Saudi Arabia ($956k).

The fastest growing export markets for Silver of Norway between 2022 and 2023 were United States ($4.24M), Turkey ($613k), and Saudi Arabia ($443k).

Imports In 2023, Norway imported $4.63M in Silver, becoming the 59th largest importer of Silver in the world. At the same year, Silver was the 758th most imported product in Norway. Norway imports Silver primarily from: Germany ($1.73M), Italy ($694k), United Kingdom ($359k), Turkey ($349k), and Spain ($308k).

The fastest growing import markets in Silver for Norway between 2022 and 2023 were Thailand ($247k), United Kingdom ($215k), and Switzerland ($183k).

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 Silver. 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)$25.2M
IMPORTS (2023)$4.63M
NET TRADE (2023)$20.6M

In 2023, Norway exported $25.2M in Silver. The main destinations of Norway exports on Silver were Switzerland ($8.24M), Sweden ($6.52M), United States ($4.24M), Finland ($3.31M), and Saudi Arabia ($956k).

In 2023, Norway imported $4.63M in Silver, mainly from Germany ($1.73M), Italy ($694k), United Kingdom ($359k), Turkey ($349k), and Spain ($308k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United States$4.24M (87.2k%)
Turkey$613k (3.73k%)
Saudi Arabia$443k (86.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Norway WERE (2022 - 2023):
Sweden-$2.27M (-25.8%)
Finland-$1.53M (-31.6%)
Switzerland-$713k (-7.96%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Silver were:
In 2023, Norway's main importing competitors in Silver were:

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $412k
TOP IMPORT POTENTIALGermany+ $904k

Silver’s highest export potential is China. With an export gap of $412k.   Silver’s highest import potential is Germany with an import gap of $904k.

See methodology.

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