2022
Exports
$143kWorld Rnk 83 / 183
Flag Rnk 893 / 1197
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$16.1MWorld Rnk 26 / 216
Flag Rnk 540 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $143k in Basketwork, making it the 83rd largest exporter of Basketwork in the world. At the same year, Basketwork was the 893rd most exported product in Norway. The main destination of Basketwork exports from Norway are: Sweden ($97k), Netherlands ($10.7k), Denmark ($8.85k), Switzerland ($7.21k), and Finland ($3.52k).

The fastest growing export markets for Basketwork of Norway between 2021 and 2022 were Sweden ($7.23k), Switzerland ($7.21k), and Netherlands ($3.48k).

Imports In 2022, Norway imported $16.1M in Basketwork, becoming the 26th largest importer of Basketwork in the world. At the same year, Basketwork was the 540th most imported product in Norway. Norway imports Basketwork primarily from: China ($4.35M), Sweden ($3.28M), Denmark ($2.45M), Vietnam ($2.34M), and Bangladesh ($1.01M).

The fastest growing import markets in Basketwork for Norway between 2021 and 2022 were Bangladesh ($89.7k), Poland ($88.8k), and Germany ($48k).

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 Basketwork. 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)$143k
IMPORTS (2022)$16.1M
NET TRADE (2022)-$16M

In 2022, Norway exported $143k in Basketwork. The main destinations of Norway exports on Basketwork were Sweden ($97k), Netherlands ($10.7k), Denmark ($8.85k), Switzerland ($7.21k), and Finland ($3.52k).

In 2022, Norway imported $16.1M in Basketwork, mainly from China ($4.35M), Sweden ($3.28M), Denmark ($2.45M), Vietnam ($2.34M), and Bangladesh ($1.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Sweden$7.23k (8.05%)
Switzerland$7.21k (1%)
Netherlands$3.48k (48.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY Norway WERE (2021 - 2022):
Iceland-$14.6k (-92.6%)
Germany-$4.95k (-75.8%)
Poland-$4.21k (-87.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSweden+ $14.5k
TOP IMPORT POTENTIALChina+ $986k

Basketwork’s highest export potential is Sweden. With an export gap of $14.5k.   Basketwork’s highest import potential is China with an import gap of $986k.

See methodology.

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