2022
Exports
$179MWorld Rnk 12 / 179
Flag Rnk 61 / 1197
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$102MWorld Rnk 19 / 211
Flag Rnk 202 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $179M in Compasses, making it the 12th largest exporter of Compasses in the world. At the same year, Compasses was the 61st most exported product in Norway. The main destination of Compasses exports from Norway are: United States ($26.3M), United Kingdom ($14.2M), Germany ($12.9M), Spain ($10.5M), and China ($9.25M).

The fastest growing export markets for Compasses of Norway between 2021 and 2022 were United States ($6M), Vietnam ($5.62M), and United Kingdom ($5.16M).

Imports In 2022, Norway imported $102M in Compasses, becoming the 19th largest importer of Compasses in the world. At the same year, Compasses was the 202nd most imported product in Norway. Norway imports Compasses primarily from: United States ($39.6M), Netherlands ($8.29M), France ($7.61M), United Kingdom ($6.88M), and Germany ($6.53M).

The fastest growing import markets in Compasses for Norway between 2021 and 2022 were United States ($16.6M), Japan ($1.96M), and Germany ($1.85M).

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 Compasses. 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)$179M
IMPORTS (2022)$102M
NET TRADE (2022)$77.1M

In 2022, Norway exported $179M in Compasses. The main destinations of Norway exports on Compasses were United States ($26.3M), United Kingdom ($14.2M), Germany ($12.9M), Spain ($10.5M), and China ($9.25M).

In 2022, Norway imported $102M in Compasses, mainly from United States ($39.6M), Netherlands ($8.29M), France ($7.61M), United Kingdom ($6.88M), and Germany ($6.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$6M (29.6%)
Vietnam$5.62M (378%)
United Kingdom$5.16M (57.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Norway WERE (2021 - 2022):
China-$9.34M (-50.2%)
Hong Kong-$3.22M (-51.3%)
Finland-$2.84M (-77.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.74M
TOP IMPORT POTENTIALUnited Kingdom+ $2.6M

Compasses’s highest export potential is United States. With an export gap of $4.74M.   Compasses’s highest import potential is United Kingdom with an import gap of $2.6M.

See methodology.

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