2022
Exports
$207MWorld Rnk 24 / 128
Flag Rnk 55 / 1197
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$6.29MWorld Rnk 53 / 130
Flag Rnk 726 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $207M in Iron Ore, making it the 24th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 55th most exported product in Norway. The main destination of Iron Ore exports from Norway are: Netherlands ($89.4M), United Kingdom ($42.3M), Egypt ($34.6M), Germany ($30.1M), and Turkey ($4.2M).

The fastest growing export markets for Iron Ore of Norway between 2021 and 2022 were Germany ($7.38M), United Kingdom ($4.52M), and Turkey ($4.2M).

Imports In 2022, Norway imported $6.29M in Iron Ore, becoming the 53rd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 726th most imported product in Norway. Norway imports Iron Ore primarily from: United States ($2.34M), Russia ($1.95M), Sweden ($1.33M), Spain ($557k), and Netherlands ($103k).

The fastest growing import markets in Iron Ore for Norway between 2021 and 2022 were United States ($2.34M), Spain ($557k), and India ($709).

Latest Trends

Aug 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 Ore. 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)$207M
IMPORTS (2022)$6.29M
NET TRADE (2022)$201M

In 2022, Norway exported $207M in Iron Ore. The main destinations of Norway exports on Iron Ore were Netherlands ($89.4M), United Kingdom ($42.3M), Egypt ($34.6M), Germany ($30.1M), and Turkey ($4.2M).

In 2022, Norway imported $6.29M in Iron Ore, mainly from United States ($2.34M), Russia ($1.95M), Sweden ($1.33M), Spain ($557k), and Netherlands ($103k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Germany$7.38M (32.4%)
United Kingdom$4.52M (12%)
Turkey$4.2M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Norway WERE (2021 - 2022):
Egypt-$43.3M (-55.6%)
Netherlands-$42.9M (-32.4%)
Bahrain-$30.5M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Norway's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.6M
TOP IMPORT POTENTIALSweden+ $1.36M

Iron Ore’s highest export potential is Germany. With an export gap of $10.6M.   Iron Ore’s highest import potential is Sweden with an import gap of $1.36M.

See methodology.

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