2023
Exports
$304MWorld Rnk 37 / 223
Flag Rnk 39 / 1199
2023
PRODUCT COMPLEXITY IN Valves
1.34Rnk 71 / 1025
2023
Imports
$1.02BWorld Rnk 30 / 226
Flag Rnk 12 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $304M in Valves, making it the 37th largest exporter of Valves in the world. At the same year, Valves was the 39th most exported product in Norway. The main destination of Valves exports from Norway are: Angola ($32.7M), United Arab Emirates ($32.5M), Brazil ($28.8M), South Korea ($24M), and China ($23.8M).

The fastest growing export markets for Valves of Norway between 2022 and 2023 were United Arab Emirates ($21.8M), China ($16.4M), and Italy ($12.3M).

Imports In 2023, Norway imported $1.02B in Valves, becoming the 30th largest importer of Valves in the world. At the same year, Valves was the 12th most imported product in Norway. Norway imports Valves primarily from: Brazil ($163M), United Kingdom ($153M), Italy ($137M), United States ($124M), and Germany ($98.5M).

The fastest growing import markets in Valves for Norway between 2022 and 2023 were Brazil ($129M), United States ($19.9M), and China ($8.41M).

Latest Trends

Jan 2025

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 Valves. 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)$304M
IMPORTS (2023)$1.02B
NET TRADE (2023)-$712M

In 2023, Norway exported $304M in Valves. The main destinations of Norway exports on Valves were Angola ($32.7M), United Arab Emirates ($32.5M), Brazil ($28.8M), South Korea ($24M), and China ($23.8M).

In 2023, Norway imported $1.02B in Valves, mainly from Brazil ($163M), United Kingdom ($153M), Italy ($137M), United States ($124M), and Germany ($98.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR Norway WERE (2022 - 2023):
China$16.4M (221%)
Italy$12.3M (409%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY Norway WERE (2022 - 2023):
South Korea-$21.4M (-47.1%)
Spain-$3.95M (-80.5%)
Israel-$3.21M (-74.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.7M
TOP IMPORT POTENTIALChina+ $37.9M

Valves’s highest export potential is United States. With an export gap of $19.7M.   Valves’s highest import potential is China with an import gap of $37.9M.

See methodology.

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