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2022
ExportsfalseWorld Rnk 34 / 221
Flag Rnk 37 / 1197
2021 - 2022
FASTEST GROWING MARKET $28.6MCanada
2022
PRODUCT COMPLEXITY IN Excavation Machinery0.96Rnk 185 / 1025
2022
Origin $24.5M Sweden
2021 - 2022
FASTEST GROWING ORIGIN $24.5MMalaysia
2022
ECONOMIC COMPLEXITY of Norway0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $290M in Excavation Machinery, making it the 34th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 37th most exported product in Norway. The main destination of Excavation Machinery exports from Norway are: United Kingdom ($46.1M), Canada ($31.9M), Denmark ($29.7M), United States ($26.2M), and Singapore ($21.1M).

The fastest growing export markets for Excavation Machinery of Norway between 2021 and 2022 were Canada ($28.6M), United Arab Emirates ($6.52M), and Australia ($3.41M).

The fastest growing import markets in Excavation Machinery for Norway between 2021 and 2022 were Malaysia ($24.5M), Netherlands ($8.29M), and Austria ($5.55M).

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 Excavation 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)$290M

In 2022, Norway exported $290M in Excavation Machinery. The main destinations of Norway exports on Excavation Machinery were United Kingdom ($46.1M), Canada ($31.9M), Denmark ($29.7M), United States ($26.2M), and Singapore ($21.1M).

In N/A, Norway imported N/A in Excavation Machinery, mainly from Sweden ($129M), United Kingdom ($56.9M), United States ($52.3M), Denmark ($51.8M), and Malaysia ($48.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Canada$28.6M (861%)
United Arab Emirates$6.52M (81.1%)
Australia$3.41M (75.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Norway WERE (2021 - 2022):
United Kingdom-$14.1M (-23.5%)
Singapore-$8.2M (-28%)
Brazil-$6.93M (-46.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Excavation Machinery were:
China $15.1B
United States $6.47B
Germany $5.45B
In 2022, Norway's main importing competitors in Excavation Machinery were:
United States $11.6B
Germany $5.17B
Canada $3.26B

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $21.8M
TOP IMPORT POTENTIALChina+ $28.9M

Excavation Machinery’s highest export potential is United States. With an export gap of $21.8M.   Excavation Machinery’s highest import potential is China with an import gap of $28.9M.

See methodology.

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