2022
Exports
$2.4MWorld Rnk 85 / 188
Flag Rnk 80 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$20.2MWorld Rnk 57 / 212
Flag Rnk 84 / 96
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.4M in Natural gums, resins & other vegetable extracts, making it the 85th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 80th most exported product in Norway. The main destination of Natural gums, resins & other vegetable extracts exports from Norway are: Brazil ($642k), Hungary ($378k), Thailand ($255k), Australia ($238k), and Israel ($168k).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Norway between 2021 and 2022 were Hungary ($378k), Brazil ($251k), and Israel ($145k).

Imports In 2022, Norway imported $20.2M in Natural gums, resins & other vegetable extracts, becoming the 57th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 84th most imported product in Norway. Norway imports Natural gums, resins & other vegetable extracts primarily from: Denmark ($2.53M), Sweden ($2.09M), China ($2.09M), United Kingdom ($1.84M), and Italy ($1.54M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Norway between 2021 and 2022 were Denmark ($605k), Italy ($581k), and United Kingdom ($567k).

COMPANIES In 2023, leading companies such as Walong Marketing (2) were at the forefront of shipping Natural gums, resins & other vegetable extracts from Norway to the United States.

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 Natural gums, resins & other vegetable extracts. 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)$2.4M
IMPORTS (2022)$20.2M
NET TRADE (2022)-$17.8M

In 2022, Norway exported $2.4M in Natural gums, resins & other vegetable extracts. The main destinations of Norway exports on Natural gums, resins & other vegetable extracts were Brazil ($642k), Hungary ($378k), Thailand ($255k), Australia ($238k), and Israel ($168k).

In 2022, Norway imported $20.2M in Natural gums, resins & other vegetable extracts, mainly from Denmark ($2.53M), Sweden ($2.09M), China ($2.09M), United Kingdom ($1.84M), and Italy ($1.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Hungary$378k (1%)
Brazil$251k (64%)
Israel$145k (630%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Norway WERE (2021 - 2022):
South Africa-$43.2k (-64.9%)
China-$40k (-74.6%)
Netherlands-$39.5k (-66.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
Spain $920M
In 2022, Norway's main importing competitors in Natural gums, resins & other vegetable extracts were:

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Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $178k
TOP IMPORT POTENTIALChina+ $1.56M

Natural gums, resins & other vegetable extracts’s highest export potential is Germany. With an export gap of $178k.   Natural gums, resins & other vegetable extracts’s highest import potential is China with an import gap of $1.56M.

See methodology.

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