2018
Exports
$1.52MWorld Rnk 38 / 99
Flag Rnk 573 / 1199
2023
PRODUCT COMPLEXITY IN Iron Reductions
-1.12Rnk 860 / 1025
2018
Imports
$313kWorld Rnk 62 / 142
Flag Rnk 1062 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2018, Norway exported $1.52M in Iron Reductions, making it the 38th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 573rd most exported product in Norway. The main destination of Iron Reductions exports from Norway are: Netherlands ($888k), Sweden ($247k), United Kingdom ($232k), Poland ($120k), and Vietnam ($13.2k).

The fastest growing export markets for Iron Reductions of Norway between 2022 and 2023 were Netherlands ($878k), Sweden ($235k), and Poland ($107k).

Imports In 2023, Norway imported $313k in Iron Reductions, becoming the 62nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1062nd most imported product in Norway. Norway imports Iron Reductions primarily from: Sweden ($123k), Denmark ($74.5k), Bosnia and Herzegovina ($59.6k), Italy ($10.7k), and United States ($7.3k).

The fastest growing import markets in Iron Reductions for Norway between 2022 and 2023 were Denmark ($28.7k), Italy ($10k), and Bosnia and Herzegovina ($6.7k).

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 Reductions. 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)$1.52M
IMPORTS (2023)$313k
NET TRADE (2023)$1.21M

In 2023, Norway exported $1.52M in Iron Reductions. The main destinations of Norway exports on Iron Reductions were Netherlands ($888k), Sweden ($247k), United Kingdom ($232k), Poland ($120k), and Vietnam ($13.2k).

In 2023, Norway imported $313k in Iron Reductions, mainly from Sweden ($123k), Denmark ($74.5k), Bosnia and Herzegovina ($59.6k), Italy ($10.7k), and United States ($7.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Netherlands$878k (9.37k%)
Sweden$235k (1.95k%)
Poland$107k (779%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Norway WERE (2022 - 2023):
France-$327k (-100%)
United Kingdom-$29.4k (-11.3%)
Canada-$5.39k (-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 Reductions were:
In 2023, Norway's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $73.7k
TOP IMPORT POTENTIALUnited States+ $33.7k

Iron Reductions’s highest export potential is France. With an export gap of $73.7k.   Iron Reductions’s highest import potential is United States with an import gap of $33.7k.

See methodology.

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