2022
Exports
$11.2MWorld Rnk 64 / 151
Flag Rnk 317 / 1197
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron
0.41Rnk 402 / 1025
2022
Imports
$113MWorld Rnk 76 / 214
Flag Rnk 184 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $11.2M in Hot-Rolled Iron, making it the 64th largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 317th most exported product in Norway. The main destination of Hot-Rolled Iron exports from Norway are: Thailand ($3.75M), Iceland ($2.32M), Poland ($1.33M), Denmark ($1.06M), and Sweden ($981k).

The fastest growing export markets for Hot-Rolled Iron of Norway between 2021 and 2022 were Thailand ($3.11M), Poland ($1.11M), and Iceland ($1.01M).

Imports In 2022, Norway imported $113M in Hot-Rolled Iron, becoming the 76th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 184th most imported product in Norway. Norway imports Hot-Rolled Iron primarily from: Sweden ($31.6M), Finland ($28.9M), Denmark ($27.1M), Germany ($11.4M), and India ($3.36M).

The fastest growing import markets in Hot-Rolled Iron for Norway between 2021 and 2022 were Denmark ($6.7M), Germany ($5.84M), and Sweden ($3.42M).

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 Hot-Rolled 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)$11.2M
IMPORTS (2022)$113M
NET TRADE (2022)-$101M

In 2022, Norway exported $11.2M in Hot-Rolled Iron. The main destinations of Norway exports on Hot-Rolled Iron were Thailand ($3.75M), Iceland ($2.32M), Poland ($1.33M), Denmark ($1.06M), and Sweden ($981k).

In 2022, Norway imported $113M in Hot-Rolled Iron, mainly from Sweden ($31.6M), Finland ($28.9M), Denmark ($27.1M), Germany ($11.4M), and India ($3.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Thailand$3.11M (493%)
Poland$1.11M (502%)
Iceland$1.01M (77.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Norway WERE (2021 - 2022):
Sweden-$1.65M (-62.7%)
Denmark-$255k (-19.4%)
Germany-$234k (-75.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
In 2022, Norway's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $1.1M
TOP IMPORT POTENTIALGermany+ $5.72M

Hot-Rolled Iron’s highest export potential is Poland. With an export gap of $1.1M.   Hot-Rolled Iron’s highest import potential is Germany with an import gap of $5.72M.

See methodology.

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