2022
Exports
$73.2MWorld Rnk 34 / 215
Flag Rnk 132 / 1197
2022
PRODUCT COMPLEXITY IN Iron Pipe Fittings
1.14Rnk 121 / 1025
2022
Imports
$262MWorld Rnk 30 / 224
Flag Rnk 91 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $73.2M in Iron Pipe Fittings, making it the 34th largest exporter of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 132nd most exported product in Norway. The main destination of Iron Pipe Fittings exports from Norway are: China ($10.9M), South Korea ($7.78M), United Kingdom ($4.88M), Australia ($4.51M), and Denmark ($3.8M).

The fastest growing export markets for Iron Pipe Fittings of Norway between 2021 and 2022 were Thailand ($1.96M), Brazil ($1.55M), and Poland ($1.17M).

Imports In 2022, Norway imported $262M in Iron Pipe Fittings, becoming the 30th largest importer of Iron Pipe Fittings in the world. At the same year, Iron Pipe Fittings was the 91st most imported product in Norway. Norway imports Iron Pipe Fittings primarily from: United Kingdom ($45.1M), Italy ($39M), Germany ($35.9M), Sweden ($33.7M), and Poland ($19.9M).

The fastest growing import markets in Iron Pipe Fittings for Norway between 2021 and 2022 were Italy ($14.3M), United Kingdom ($12.5M), and China ($4.66M).

COMPANIES In 2023, leading companies such as SIGMA Corp (1) were at the forefront of shipping Iron Pipe Fittings from Norway to the United States.

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 Pipe Fittings. 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)$73.2M
IMPORTS (2022)$262M
NET TRADE (2022)-$189M

In 2022, Norway exported $73.2M in Iron Pipe Fittings. The main destinations of Norway exports on Iron Pipe Fittings were China ($10.9M), South Korea ($7.78M), United Kingdom ($4.88M), Australia ($4.51M), and Denmark ($3.8M).

In 2022, Norway imported $262M in Iron Pipe Fittings, mainly from United Kingdom ($45.1M), Italy ($39M), Germany ($35.9M), Sweden ($33.7M), and Poland ($19.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Pipe Fittings EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Thailand$1.96M (126%)
Brazil$1.55M (98.9%)
Poland$1.17M (93.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Pipe Fittings BY Norway WERE (2021 - 2022):
China-$6.59M (-37.7%)
South Korea-$6.5M (-45.5%)
Vietnam-$2.29M (-40.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Iron Pipe Fittings were:
In 2022, Norway's main importing competitors in Iron Pipe Fittings were:

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Trade Value of Iron Pipe Fittings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.82M
TOP IMPORT POTENTIALChina+ $11.2M

Iron Pipe Fittings’s highest export potential is United States. With an export gap of $2.82M.   Iron Pipe Fittings’s highest import potential is China with an import gap of $11.2M.

See methodology.

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