2022
Exports
$4.08BWorld Rnk 42 / 226
Flag Rnk 4 / 96
2022
PRODUCT COMPLEXITY IN Machinery, mechanical appliances, & parts
2.21Rnk 2 / 1025
2022
Imports
$12BWorld Rnk 40 / 226
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $4.08B in Machinery, mechanical appliances, & parts, making it the 42nd largest exporter of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 4th most exported product in Norway. The main destination of Machinery, mechanical appliances, & parts exports from Norway are: United States ($430M), Sweden ($402M), United Kingdom ($319M), China ($276M), and Netherlands ($265M).

The fastest growing export markets for Machinery, mechanical appliances, & parts of Norway between 2021 and 2022 were France ($46.2M), United States ($43M), and Canada ($28.4M).

Imports In 2022, Norway imported $12B in Machinery, mechanical appliances, & parts, becoming the 40th largest importer of Machinery, mechanical appliances, & parts in the world. At the same year, Machinery, mechanical appliances, & parts was the 1st most imported product in Norway. Norway imports Machinery, mechanical appliances, & parts primarily from: Sweden ($2.03B), China ($1.72B), Germany ($1.48B), Denmark ($907M), and United Kingdom ($774M).

The fastest growing import markets in Machinery, mechanical appliances, & parts for Norway between 2021 and 2022 were Poland ($93.2M), Brazil ($72.1M), and Czechia ($43.3M).

COMPANIES In 2023, leading companies such as Nike (67), Helly Hansen (58), and SAC (Société des alcools du Québec) (38) were at the forefront of shipping Machinery, mechanical appliances, & parts 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 Machinery, mechanical appliances, & parts. 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)$4.08B
IMPORTS (2022)$12B
NET TRADE (2022)-$7.91B

In 2022, Norway exported $4.08B in Machinery, mechanical appliances, & parts. The main destinations of Norway exports on Machinery, mechanical appliances, & parts were United States ($430M), Sweden ($402M), United Kingdom ($319M), China ($276M), and Netherlands ($265M).

In 2022, Norway imported $12B in Machinery, mechanical appliances, & parts, mainly from Sweden ($2.03B), China ($1.72B), Germany ($1.48B), Denmark ($907M), and United Kingdom ($774M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery, mechanical appliances, & parts EXPORT MARKETS FOR Norway WERE (2021 - 2022):
France$46.2M (47%)
United States$43M (11.1%)
Canada$28.4M (56%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery, mechanical appliances, & parts BY Norway WERE (2021 - 2022):
United Kingdom-$127M (-28.6%)
South Korea-$119M (-43.2%)
Russia-$79.6M (-77.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Machinery, mechanical appliances, & parts were:
In 2022, Norway's main importing competitors in Machinery, mechanical appliances, & parts were:

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Trade Value of Machinery, mechanical appliances, & parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $278M
TOP IMPORT POTENTIALChina+ $650M

Machinery, mechanical appliances, & parts’s highest export potential is United States. With an export gap of $278M.   Machinery, mechanical appliances, & parts’s highest import potential is China with an import gap of $650M.

See methodology.

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