2022
Exports | Imports
$320M | $137MWorld Rnk 31 / 212
Flag Rnk 34 / 1197
World Rnk 41 / 187
Flag Rnk 159 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.58Rnk 41 / 124
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.5Rnk 699 / 1025

About

Exports In 2022, Norway exported $320M in Scrap Iron, making it the 31st largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 34th most exported product in Norway. The main destination of Scrap Iron exports from Norway are: Germany ($74.8M), Netherlands ($65.4M), Pakistan ($58M), Sweden ($38.7M), and Denmark ($32.6M).

The fastest growing export markets for Scrap Iron of Norway between 2021 and 2022 were India ($18.5M), Netherlands ($7.39M), and Sweden ($5.3M).

Imports In 2022, Norway imported $137M in Scrap Iron, becoming the 41st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 159th most imported product in Norway. Norway imports Scrap Iron primarily from: Sweden ($97M), Denmark ($19.3M), Finland ($14M), United Kingdom ($2.82M), and Estonia ($2.63M).

The fastest growing import markets in Scrap Iron for Norway between 2021 and 2022 were Sweden ($34.2M), Finland ($746k), and Estonia ($486k).

COMPANIES In 2023, leading companies such as HYOSUNG USA, INC. (28) were at the forefront of shipping Scrap Iron from Norway to the United States.

Latest Trends

Jan 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 Scrap Iron. 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)$320M
IMPORTS (2022)$137M
NET TRADE (2022)$183M

In 2022, Norway exported $320M in Scrap Iron. The main destinations of Norway exports on Scrap Iron were Germany ($74.8M), Netherlands ($65.4M), Pakistan ($58M), Sweden ($38.7M), and Denmark ($32.6M).

In 2022, Norway imported $137M in Scrap Iron, mainly from Sweden ($97M), Denmark ($19.3M), Finland ($14M), United Kingdom ($2.82M), and Estonia ($2.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Norway WERE (2021 - 2022):
India$18.5M (206%)
Netherlands$7.39M (12.7%)
Sweden$5.3M (15.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Norway WERE (2021 - 2022):
Germany-$16.6M (-18.1%)
Morocco-$4.79M (-53%)
Luxembourg-$4.13M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Scrap Iron were:
In 2022, Norway's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B
Belgium $2.84B

Explore Visualizations

Trade Value of Scrap Iron by Exporters

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