2022
Exports
$1.75MWorld Rnk 39 / 166
Flag Rnk 572 / 1197
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.33Rnk 87 / 1025
2022
Imports
$5.43MWorld Rnk 41 / 214
Flag Rnk 759 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $1.75M in Soldering and Welding Machinery, making it the 39th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 572nd most exported product in Norway. The main destination of Soldering and Welding Machinery exports from Norway are: Sweden ($374k), China ($288k), United Kingdom ($229k), United States ($209k), and Germany ($97k).

The fastest growing export markets for Soldering and Welding Machinery of Norway between 2021 and 2022 were United States ($180k), China ($124k), and Germany ($87.8k).

Imports In 2022, Norway imported $5.43M in Soldering and Welding Machinery, becoming the 41st largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 759th most imported product in Norway. Norway imports Soldering and Welding Machinery primarily from: Sweden ($1.6M), Germany ($968k), China ($641k), Netherlands ($394k), and Austria ($329k).

The fastest growing import markets in Soldering and Welding Machinery for Norway between 2021 and 2022 were China ($347k), Sweden ($294k), and Iceland ($167k).

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 Soldering and Welding 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)$1.75M
IMPORTS (2022)$5.43M
NET TRADE (2022)-$3.67M

In 2022, Norway exported $1.75M in Soldering and Welding Machinery. The main destinations of Norway exports on Soldering and Welding Machinery were Sweden ($374k), China ($288k), United Kingdom ($229k), United States ($209k), and Germany ($97k).

In 2022, Norway imported $5.43M in Soldering and Welding Machinery, mainly from Sweden ($1.6M), Germany ($968k), China ($641k), Netherlands ($394k), and Austria ($329k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$180k (619%)
China$124k (75.3%)
Germany$87.8k (948%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Norway WERE (2021 - 2022):
Angola-$1.3M (-99.9%)
Netherlands-$327k (-90.6%)
Denmark-$327k (-90.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Soldering and Welding Machinery were:
In 2022, Norway's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $137k
TOP IMPORT POTENTIALChina+ $344k

Soldering and Welding Machinery’s highest export potential is United States. With an export gap of $137k.   Soldering and Welding Machinery’s highest import potential is China with an import gap of $344k.

See methodology.

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