2023
Exports
$37.9MWorld Rnk 23 / 189
Flag Rnk 193 / 1199
2023
PRODUCT COMPLEXITY IN Iron Chains
1.48Rnk 48 / 1025
2023
Imports
$48.3MWorld Rnk 31 / 221
Flag Rnk 331 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $37.9M in Iron Chains, making it the 23rd largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 193rd most exported product in Norway. The main destination of Iron Chains exports from Norway are: Sweden ($7.63M), Lithuania ($6.14M), Canada ($5.91M), Denmark ($3.35M), and United States ($2.57M).

The fastest growing export markets for Iron Chains of Norway between 2022 and 2023 were United Kingdom ($1M), Lithuania ($846k), and Australia ($775k).

Imports In 2023, Norway imported $48.3M in Iron Chains, becoming the 31st largest importer of Iron Chains in the world. At the same year, Iron Chains was the 331st most imported product in Norway. Norway imports Iron Chains primarily from: China ($14M), Sweden ($8.07M), Lithuania ($5.6M), Germany ($4.49M), and Spain ($2.73M).

The fastest growing import markets in Iron Chains for Norway between 2022 and 2023 were Sweden ($1.65M), Japan ($478k), and United Kingdom ($191k).

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 Chains. 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)$37.9M
IMPORTS (2023)$48.3M
NET TRADE (2023)-$10.4M

In 2023, Norway exported $37.9M in Iron Chains. The main destinations of Norway exports on Iron Chains were Sweden ($7.63M), Lithuania ($6.14M), Canada ($5.91M), Denmark ($3.35M), and United States ($2.57M).

In 2023, Norway imported $48.3M in Iron Chains, mainly from China ($14M), Sweden ($8.07M), Lithuania ($5.6M), Germany ($4.49M), and Spain ($2.73M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United Kingdom$1M (133%)
Lithuania$846k (16%)
Australia$775k (573%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY Norway WERE (2022 - 2023):
Equatorial Guinea-$1.75M (-100%)
Azerbaijan-$1.09M (-90.8%)
United States-$991k (-27.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Iron Chains were:
China $2.04B
Japan $495M
In 2023, Norway's main importing competitors in Iron Chains were:

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.94M
TOP IMPORT POTENTIALChina+ $2.63M

Iron Chains’s highest export potential is United States. With an export gap of $1.94M.   Iron Chains’s highest import potential is China with an import gap of $2.63M.

See methodology.

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