2022
Exports
$41.8MWorld Rnk 25 / 188
Flag Rnk 189 / 1197
2022
PRODUCT COMPLEXITY IN Iron Chains
1.44Rnk 65 / 1025
2022
Imports
$89.9MWorld Rnk 22 / 222
Flag Rnk 226 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $41.8M in Iron Chains, making it the 25th largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 189th most exported product in Norway. The main destination of Iron Chains exports from Norway are: Lithuania ($5.76M), Sweden ($4.04M), Netherlands ($3.92M), United Kingdom ($3.69M), and United States ($3.42M).

The fastest growing export markets for Iron Chains of Norway between 2021 and 2022 were Lithuania ($3.05M), Netherlands ($2.6M), and United States ($1.98M).

Imports In 2022, Norway imported $89.9M in Iron Chains, becoming the 22nd largest importer of Iron Chains in the world. At the same year, Iron Chains was the 226th most imported product in Norway. Norway imports Iron Chains primarily from: Spain ($31.7M), China ($24.7M), Sweden ($7.39M), Lithuania ($5.53M), and Germany ($4.41M).

The fastest growing import markets in Iron Chains for Norway between 2021 and 2022 were China ($6.6M), Spain ($2.94M), and United Kingdom ($846k).

Latest Trends

Oct 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 Iron Chains. 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)$41.8M
IMPORTS (2022)$89.9M
NET TRADE (2022)-$48.1M

In 2022, Norway exported $41.8M in Iron Chains. The main destinations of Norway exports on Iron Chains were Lithuania ($5.76M), Sweden ($4.04M), Netherlands ($3.92M), United Kingdom ($3.69M), and United States ($3.42M).

In 2022, Norway imported $89.9M in Iron Chains, mainly from Spain ($31.7M), China ($24.7M), Sweden ($7.39M), Lithuania ($5.53M), and Germany ($4.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Lithuania$3.05M (112%)
Netherlands$2.6M (196%)
United States$1.98M (137%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Norway WERE (2021 - 2022):
Senegal-$1.36M (-99.8%)
Iceland-$809k (-35%)
Nigeria-$335k (-98.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Iron Chains were:
China $2.52B
Japan $503M
In 2022, Norway's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.94M
TOP IMPORT POTENTIALChina+ $2.63M

Iron Chains’s highest export potential is United States. With an export gap of $1.94M.   Iron Chains’s highest import potential is China with an import gap of $2.63M.

See methodology.

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