2022
Exports
$3.84MWorld Rnk 42 / 145
Flag Rnk 448 / 1197
2022
PRODUCT COMPLEXITY IN Electrical Insulators
0.63Rnk 303 / 1025
2022
Imports
$9.9MWorld Rnk 49 / 207
Flag Rnk 650 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $3.84M in Electrical Insulators, making it the 42nd largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 448th most exported product in Norway. The main destination of Electrical Insulators exports from Norway are: South Korea ($749k), United States ($445k), Sweden ($444k), South Africa ($343k), and Finland ($253k).

The fastest growing export markets for Electrical Insulators of Norway between 2021 and 2022 were South Korea ($437k), South Africa ($329k), and United States ($200k).

Imports In 2022, Norway imported $9.9M in Electrical Insulators, becoming the 49th largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 650th most imported product in Norway. Norway imports Electrical Insulators primarily from: Germany ($3.21M), Sweden ($1.7M), China ($1.18M), Switzerland ($426k), and Czechia ($314k).

The fastest growing import markets in Electrical Insulators for Norway between 2021 and 2022 were Sweden ($1.24M), China ($614k), and Germany ($290k).

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 Electrical Insulators. 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)$3.84M
IMPORTS (2022)$9.9M
NET TRADE (2022)-$6.06M

In 2022, Norway exported $3.84M in Electrical Insulators. The main destinations of Norway exports on Electrical Insulators were South Korea ($749k), United States ($445k), Sweden ($444k), South Africa ($343k), and Finland ($253k).

In 2022, Norway imported $9.9M in Electrical Insulators, mainly from Germany ($3.21M), Sweden ($1.7M), China ($1.18M), Switzerland ($426k), and Czechia ($314k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Norway WERE (2021 - 2022):
South Korea$437k (140%)
South Africa$329k (2.39k%)
United States$200k (81.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Norway WERE (2021 - 2022):
France-$163k (-98.5%)
Singapore-$134k (-97.4%)
Russia-$104k (-98.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $355k
TOP IMPORT POTENTIALChina+ $773k

Electrical Insulators’s highest export potential is United States. With an export gap of $355k.   Electrical Insulators’s highest import potential is China with an import gap of $773k.

See methodology.

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