2022
Exports
$48.1MWorld Rnk 43 / 184
Flag Rnk 175 / 1197
2022
PRODUCT COMPLEXITY IN Lifting Machinery
1.12Rnk 128 / 1025
2022
Imports
$344MWorld Rnk 26 / 219
Flag Rnk 71 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $48.1M in Lifting Machinery, making it the 43rd largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 175th most exported product in Norway. The main destination of Lifting Machinery exports from Norway are: Sweden ($11.1M), Turkey ($7.32M), United States ($6.92M), United Kingdom ($3.33M), and Netherlands ($2.93M).

The fastest growing export markets for Lifting Machinery of Norway between 2021 and 2022 were United States ($4.35M), United Kingdom ($1.64M), and Cyprus ($582k).

Imports In 2022, Norway imported $344M in Lifting Machinery, becoming the 26th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 71st most imported product in Norway. Norway imports Lifting Machinery primarily from: Sweden ($49.8M), Germany ($42.9M), Finland ($31.3M), Netherlands ($27.5M), and Italy ($26.5M).

The fastest growing import markets in Lifting Machinery for Norway between 2021 and 2022 were Italy ($8.92M), Finland ($8.24M), and Austria ($7.16M).

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 Lifting Machinery. 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)$48.1M
IMPORTS (2022)$344M
NET TRADE (2022)-$296M

In 2022, Norway exported $48.1M in Lifting Machinery. The main destinations of Norway exports on Lifting Machinery were Sweden ($11.1M), Turkey ($7.32M), United States ($6.92M), United Kingdom ($3.33M), and Netherlands ($2.93M).

In 2022, Norway imported $344M in Lifting Machinery, mainly from Sweden ($49.8M), Germany ($42.9M), Finland ($31.3M), Netherlands ($27.5M), and Italy ($26.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$4.35M (170%)
United Kingdom$1.64M (97.5%)
Cyprus$582k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Norway WERE (2021 - 2022):
Sweden-$5.12M (-31.5%)
United Arab Emirates-$4.11M (-85.9%)
Netherlands-$2.01M (-40.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Norway's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.72M
TOP IMPORT POTENTIALChina+ $14.9M

Lifting Machinery’s highest export potential is United States. With an export gap of $5.72M.   Lifting Machinery’s highest import potential is China with an import gap of $14.9M.

See methodology.

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