2021
Exports | Imports
$277M | $10.3MWorld Rnk 24 / 130
Flag Rnk 35 / 1186
World Rnk 50 / 129
Flag Rnk 634 / 1210
2021
ECONOMIC COMPLEXITY of Norway
0.69Rnk 38 / 131
2021
PRODUCT COMPLEXITY IN Iron Ore
-1.83Rnk 982 / 1024

About

Exports In 2021, Norway exported $277M in Iron Ore, making it the 24th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 35th most exported product in Norway. The main destination of Iron Ore exports from Norway are: Netherlands ($126M), Egypt ($64.1M), United Kingdom ($32.5M), Germany ($21.2M), and Czechia ($15.1M).

The fastest growing export markets for Iron Ore of Norway between 2020 and 2021 were Netherlands ($44.2M), United Kingdom ($20.2M), and Germany ($16.9M).

Imports In 2021, Norway imported $10.3M in Iron Ore, becoming the 50th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 634th most imported product in Norway. Norway imports Iron Ore primarily from: Russia ($7.96M), Sweden ($2.18M), and Netherlands ($118k).

The fastest growing import markets in Iron Ore for Norway between 2020 and 2021 were Sweden ($695k) and Netherlands ($27.8k).

Latest Trends

Dec 2023

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 (2021)$277M
IMPORTS (2021)$10.3M
NET TRADE (2021)$267M

In 2021, Norway exported $277M in Iron Ore. The main destinations of Norway exports on Iron Ore were Netherlands ($126M), Egypt ($64.1M), United Kingdom ($32.5M), Germany ($21.2M), and Czechia ($15.1M).

In 2021, Norway imported $10.3M in Iron Ore, mainly from Russia ($7.96M), Sweden ($2.18M), and Netherlands ($118k).

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Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Norway WERE (2020 - 2021):
Netherlands$44.2M (54.4%)
United Kingdom$20.2M (164%)
Germany$16.9M (401%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Norway WERE (2020 - 2021):
Egypt-$16.3M (-20.3%)
China-$13M (-100%)
Romania-$3.57M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

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Flow
Type
In 2021, Norway's main exporting competitors in Iron Ore were:
In 2021, Norway's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

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