2022
Exports
$157MWorld Rnk 34 / 214
Flag Rnk 69 / 1197
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$115MWorld Rnk 42 / 223
Flag Rnk 181 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $157M in Thermostats, making it the 34th largest exporter of Thermostats in the world. At the same year, Thermostats was the 69th most exported product in Norway. The main destination of Thermostats exports from Norway are: South Korea ($38.6M), China ($21.2M), United Kingdom ($12.4M), United States ($9.32M), and Germany ($8.79M).

The fastest growing export markets for Thermostats of Norway between 2021 and 2022 were China ($9.95M), Sweden ($4.37M), and Brazil ($3.32M).

Imports In 2022, Norway imported $115M in Thermostats, becoming the 42nd largest importer of Thermostats in the world. At the same year, Thermostats was the 181st most imported product in Norway. Norway imports Thermostats primarily from: United Kingdom ($18.8M), Germany ($17M), United States ($13.7M), Sweden ($13.4M), and Denmark ($11.4M).

The fastest growing import markets in Thermostats for Norway between 2021 and 2022 were United States ($3.26M), China ($3.02M), and Sweden ($2.17M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (10) were at the forefront of shipping Thermostats from Norway to the United States.

Latest Trends

Sep 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 Thermostats. 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)$157M
IMPORTS (2022)$115M
NET TRADE (2022)$42.1M

In 2022, Norway exported $157M in Thermostats. The main destinations of Norway exports on Thermostats were South Korea ($38.6M), China ($21.2M), United Kingdom ($12.4M), United States ($9.32M), and Germany ($8.79M).

In 2022, Norway imported $115M in Thermostats, mainly from United Kingdom ($18.8M), Germany ($17M), United States ($13.7M), Sweden ($13.4M), and Denmark ($11.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Norway WERE (2021 - 2022):
China$9.95M (88.4%)
Sweden$4.37M (212%)
Brazil$3.32M (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Norway WERE (2021 - 2022):
United Kingdom-$17.3M (-58.1%)
Egypt-$8.42M (-92.3%)
South Korea-$7.24M (-15.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Norway's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.38M
TOP IMPORT POTENTIALChina+ $7.47M

Thermostats’s highest export potential is China. With an export gap of $8.38M.   Thermostats’s highest import potential is China with an import gap of $7.47M.

See methodology.

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