2022
Exports
$83.5MWorld Rnk 43 / 209
Flag Rnk 124 / 1197
2022
PRODUCT COMPLEXITY IN Electric Batteries
1.02Rnk 164 / 1025
2022
Imports
$345MWorld Rnk 42 / 225
Flag Rnk 69 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $83.5M in Electric Batteries, making it the 43rd largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 124th most exported product in Norway. The main destination of Electric Batteries exports from Norway are: Netherlands ($18.7M), Turkey ($9.59M), China ($7.92M), United States ($7.5M), and Germany ($5.96M).

The fastest growing export markets for Electric Batteries of Norway between 2021 and 2022 were Spain ($4.46M), United States ($3.82M), and China ($3.77M).

Imports In 2018, Norway imported $345M in Electric Batteries, becoming the 42nd largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 69th most imported product in Norway. Norway imports Electric Batteries primarily from: China ($91.9M), Sweden ($60.3M), Germany ($54.4M), United States ($36.6M), and South Korea ($17.1M).

The fastest growing import markets in Electric Batteries for Norway between 2021 and 2022 were China ($33.1M), United States ($11.6M), and Sweden ($5.44M).

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 Electric Batteries. 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)$83.5M
IMPORTS (2022)$345M
NET TRADE (2022)-$262M

In 2022, Norway exported $83.5M in Electric Batteries. The main destinations of Norway exports on Electric Batteries were Netherlands ($18.7M), Turkey ($9.59M), China ($7.92M), United States ($7.5M), and Germany ($5.96M).

In 2022, Norway imported $345M in Electric Batteries, mainly from China ($91.9M), Sweden ($60.3M), Germany ($54.4M), United States ($36.6M), and South Korea ($17.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Spain$4.46M (337%)
United States$3.82M (104%)
China$3.77M (90.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Norway WERE (2021 - 2022):
Turkey-$7.54M (-44%)
Sweden-$1.56M (-30.5%)
Brazil-$650k (-81.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $9.44M
TOP IMPORT POTENTIALChina+ $46.7M

Electric Batteries’s highest export potential is United States. With an export gap of $9.44M.   Electric Batteries’s highest import potential is China with an import gap of $46.7M.

See methodology.

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