2023
Exports
$1.48MWorld Rnk 65 / 168
Flag Rnk 581 / 1199
2023
PRODUCT COMPLEXITY IN Iron Nails
-0.52Rnk 709 / 1025
2023
Imports
$22.2MWorld Rnk 24 / 220
Flag Rnk 465 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $1.48M in Iron Nails, making it the 65th largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 581st most exported product in Norway. The main destination of Iron Nails exports from Norway are: Sweden ($694k), Finland ($190k), Belgium ($162k), Australia ($159k), and Denmark ($68.3k).

The fastest growing export markets for Iron Nails of Norway between 2022 and 2023 were Australia ($156k), Belgium ($53.7k), and Denmark ($52.2k).

Imports In 2023, Norway imported $22.2M in Iron Nails, becoming the 24th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 465th most imported product in Norway. Norway imports Iron Nails primarily from: China ($4.35M), Poland ($3.53M), Denmark ($3.5M), Austria ($2.96M), and Sweden ($2.88M).

The fastest growing import markets in Iron Nails for Norway between 2022 and 2023 were Italy ($112k), Luxembourg ($63.4k), and Netherlands ($32.4k).

Latest Trends

Dec 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 Nails. 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 (2023)$1.48M
IMPORTS (2023)$22.2M
NET TRADE (2023)-$20.7M

In 2023, Norway exported $1.48M in Iron Nails. The main destinations of Norway exports on Iron Nails were Sweden ($694k), Finland ($190k), Belgium ($162k), Australia ($159k), and Denmark ($68.3k).

In 2023, Norway imported $22.2M in Iron Nails, mainly from China ($4.35M), Poland ($3.53M), Denmark ($3.5M), Austria ($2.96M), and Sweden ($2.88M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Australia$156k (5.42k%)
Belgium$53.7k (49.6%)
Denmark$52.2k (323%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY Norway WERE (2022 - 2023):
Sweden-$364k (-34.4%)
Finland-$332k (-63.7%)
Estonia-$28.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Iron Nails were:
China $1.33B
In 2023, Norway's main importing competitors in Iron Nails were:

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $45.6k
TOP IMPORT POTENTIALChina+ $2.01M

Iron Nails’s highest export potential is Belgium. With an export gap of $45.6k.   Iron Nails’s highest import potential is China with an import gap of $2.01M.

See methodology.

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