2023
Exports
$1.31BWorld Rnk 9 / 126
Flag Rnk 10 / 1199
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$18.8MWorld Rnk 65 / 171
Flag Rnk 508 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $1.31B in Ferroalloys, making it the 9th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 10th most exported product in Norway. The main destination of Ferroalloys exports from Norway are: Netherlands ($214M), United States ($135M), Germany ($108M), Sweden ($101M), and Spain ($101M).

The fastest growing export markets for Ferroalloys of Norway between 2022 and 2023 were Netherlands ($105M), South Africa ($1.2M), and Greece ($1.11M).

Imports In 2023, Norway imported $18.8M in Ferroalloys, becoming the 65th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 508th most imported product in Norway. Norway imports Ferroalloys primarily from: France ($3.57M), Ukraine ($2.92M), Poland ($2.72M), Sweden ($1.74M), and Netherlands ($1.73M).

The fastest growing import markets in Ferroalloys for Norway between 2022 and 2023 were Poland ($604k), Kuwait ($563k), and Netherlands ($362k).

COMPANIES In 2024, leading companies such as Hyosung (1) were at the forefront of shipping Ferroalloys from Norway to the United States.

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 Ferroalloys. 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)$1.31B
IMPORTS (2023)$18.8M
NET TRADE (2023)$1.29B

In 2023, Norway exported $1.31B in Ferroalloys. The main destinations of Norway exports on Ferroalloys were Netherlands ($214M), United States ($135M), Germany ($108M), Sweden ($101M), and Spain ($101M).

In 2023, Norway imported $18.8M in Ferroalloys, mainly from France ($3.57M), Ukraine ($2.92M), Poland ($2.72M), Sweden ($1.74M), and Netherlands ($1.73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Netherlands$105M (96.3%)
South Africa$1.2M (47.7%)
Greece$1.11M (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Norway WERE (2022 - 2023):
Turkey-$117M (-54.1%)
United States-$93.5M (-40.9%)
Sweden-$56.7M (-36%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Ferroalloys were:
In 2023, Norway's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.9M
TOP IMPORT POTENTIALChina+ $2.21M

Ferroalloys’s highest export potential is China. With an export gap of $35.9M.   Ferroalloys’s highest import potential is China with an import gap of $2.21M.

See methodology.

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