2022
Exports
$2.98MWorld Rnk 49 / 176
Flag Rnk 488 / 1197
2022
PRODUCT COMPLEXITY IN Textile Processing Machines
1.32Rnk 91 / 1025
2022
Imports
$44.6MWorld Rnk 40 / 216
Flag Rnk 354 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.98M in Textile Processing Machines, making it the 49th largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 488th most exported product in Norway. The main destination of Textile Processing Machines exports from Norway are: India ($1.07M), United Kingdom ($402k), Denmark ($282k), Vietnam ($215k), and Sweden ($198k).

The fastest growing export markets for Textile Processing Machines of Norway between 2021 and 2022 were India ($851k), United Kingdom ($291k), and Denmark ($205k).

Imports In 2022, Norway imported $44.6M in Textile Processing Machines, becoming the 40th largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 354th most imported product in Norway. Norway imports Textile Processing Machines primarily from: Sweden ($20.7M), Poland ($4.68M), China ($4.23M), Denmark ($3.76M), and Germany ($1.9M).

The fastest growing import markets in Textile Processing Machines for Norway between 2021 and 2022 were Switzerland ($1.15M), China ($1.1M), and Netherlands ($128k).

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 Textile Processing Machines. 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)$2.98M
IMPORTS (2022)$44.6M
NET TRADE (2022)-$41.6M

In 2022, Norway exported $2.98M in Textile Processing Machines. The main destinations of Norway exports on Textile Processing Machines were India ($1.07M), United Kingdom ($402k), Denmark ($282k), Vietnam ($215k), and Sweden ($198k).

In 2022, Norway imported $44.6M in Textile Processing Machines, mainly from Sweden ($20.7M), Poland ($4.68M), China ($4.23M), Denmark ($3.76M), and Germany ($1.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR Norway WERE (2021 - 2022):
India$851k (389%)
United Kingdom$291k (261%)
Denmark$205k (267%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY Norway WERE (2021 - 2022):
Japan-$324k (-99.2%)
Chile-$98.2k (-94.9%)
Sweden-$42.1k (-17.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Textile Processing Machines were:
In 2022, Norway's main importing competitors in Textile Processing Machines were:

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Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $191k
TOP IMPORT POTENTIALChina+ $2.59M

Textile Processing Machines’s highest export potential is United Kingdom. With an export gap of $191k.   Textile Processing Machines’s highest import potential is China with an import gap of $2.59M.

See methodology.

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