2022
Exports
$1.14MWorld Rnk 42 / 184
Flag Rnk 618 / 1197
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$13.2MWorld Rnk 25 / 218
Flag Rnk 581 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $1.14M in Tool Sets, making it the 42nd largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 618th most exported product in Norway. The main destination of Tool Sets exports from Norway are: Germany ($192k), Estonia ($167k), United Kingdom ($144k), Denmark ($130k), and Sweden ($76.1k).

The fastest growing export markets for Tool Sets of Norway between 2021 and 2022 were Germany ($144k), Estonia ($119k), and United Kingdom ($64.1k).

Imports In 2022, Norway imported $13.2M in Tool Sets, becoming the 25th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 581st most imported product in Norway. Norway imports Tool Sets primarily from: Sweden ($3.23M), China ($2.83M), Chinese Taipei ($2.32M), Germany ($1.34M), and Netherlands ($1.17M).

The fastest growing import markets in Tool Sets for Norway between 2021 and 2022 were Chinese Taipei ($158k), South Korea ($55.4k), and Estonia ($44.3k).

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 Tool Sets. 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)$1.14M
IMPORTS (2022)$13.2M
NET TRADE (2022)-$12M

In 2022, Norway exported $1.14M in Tool Sets. The main destinations of Norway exports on Tool Sets were Germany ($192k), Estonia ($167k), United Kingdom ($144k), Denmark ($130k), and Sweden ($76.1k).

In 2022, Norway imported $13.2M in Tool Sets, mainly from Sweden ($3.23M), China ($2.83M), Chinese Taipei ($2.32M), Germany ($1.34M), and Netherlands ($1.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Germany$144k (298%)
Estonia$119k (250%)
United Kingdom$64.1k (80.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Norway WERE (2021 - 2022):
Australia-$223k (-88.7%)
France-$141k (-92.6%)
Sweden-$42.9k (-36.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Tool Sets were:
In 2022, Norway's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $77.6k
TOP IMPORT POTENTIALChina+ $696k

Tool Sets’s highest export potential is Germany. With an export gap of $77.6k.   Tool Sets’s highest import potential is China with an import gap of $696k.

See methodology.

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