2022
Exports
$4.26MWorld Rnk 37 / 175
Flag Rnk 428 / 1197
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment
0.32Rnk 439 / 1025
2022
Imports
$23.4MWorld Rnk 28 / 209
Flag Rnk 476 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $4.26M in Sound Recording Equipment, making it the 37th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 428th most exported product in Norway. The main destination of Sound Recording Equipment exports from Norway are: Hong Kong ($1.7M), Spain ($235k), Argentina ($211k), Tanzania ($206k), and Qatar ($200k).

The fastest growing export markets for Sound Recording Equipment of Norway between 2021 and 2022 were Hong Kong ($1.41M), Argentina ($211k), and Tanzania ($206k).

Imports In 2022, Norway imported $23.4M in Sound Recording Equipment, becoming the 28th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 476th most imported product in Norway. Norway imports Sound Recording Equipment primarily from: China ($9.07M), Netherlands ($2.95M), Sweden ($2.76M), Denmark ($1.85M), and Germany ($1.6M).

The fastest growing import markets in Sound Recording Equipment for Norway between 2021 and 2022 were Malaysia ($1.1M), Germany ($523k), and United States ($419k).

COMPANIES In 2023, leading companies such as Helly Hansen (1) were at the forefront of shipping Sound Recording Equipment 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 Sound Recording Equipment. 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)$4.26M
IMPORTS (2022)$23.4M
NET TRADE (2022)-$19.1M

In 2022, Norway exported $4.26M in Sound Recording Equipment. The main destinations of Norway exports on Sound Recording Equipment were Hong Kong ($1.7M), Spain ($235k), Argentina ($211k), Tanzania ($206k), and Qatar ($200k).

In 2022, Norway imported $23.4M in Sound Recording Equipment, mainly from China ($9.07M), Netherlands ($2.95M), Sweden ($2.76M), Denmark ($1.85M), and Germany ($1.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Hong Kong$1.41M (490%)
Argentina$211k (1%)
Tanzania$206k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Norway WERE (2021 - 2022):
Lithuania-$1.16M (-97.6%)
Germany-$1.08M (-86.2%)
United Kingdom-$423k (-74.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Sound Recording Equipment were:
In 2022, Norway's main importing competitors in Sound Recording Equipment were:

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGermany+ $241k
TOP IMPORT POTENTIALGermany+ $481k

Sound Recording Equipment’s highest export potential is Germany. With an export gap of $241k.   Sound Recording Equipment’s highest import potential is Germany with an import gap of $481k.

See methodology.

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