2023
Exports
$435kWorld Rnk 55 / 107
Flag Rnk 737 / 1199
2023
PRODUCT COMPLEXITY IN Iron Ingots
-1.38Rnk 922 / 1025
2023
Imports
$1.33MWorld Rnk 46 / 175
Flag Rnk 944 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $435k in Iron Ingots, making it the 55th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 737th most exported product in Norway. The main destination of Iron Ingots exports from Norway are: United Kingdom ($229k), Estonia ($132k), Zambia ($21.9k), Cote d'Ivoire ($17k), and China ($13.8k).

The fastest growing export markets for Iron Ingots of Norway between 2022 and 2023 were United Kingdom ($209k), Estonia ($132k), and Cote d'Ivoire ($17k).

Imports In 2023, Norway imported $1.33M in Iron Ingots, becoming the 46th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 944th most imported product in Norway. Norway imports Iron Ingots primarily from: China ($621k), Germany ($218k), United Kingdom ($180k), Netherlands ($134k), and Spain ($58.7k).

The fastest growing import markets in Iron Ingots for Norway between 2022 and 2023 were China ($302k), Netherlands ($118k), and United Kingdom ($82.6k).

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 Ingots. 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)$435k
IMPORTS (2023)$1.33M
NET TRADE (2023)-$895k

In 2023, Norway exported $435k in Iron Ingots. The main destinations of Norway exports on Iron Ingots were United Kingdom ($229k), Estonia ($132k), Zambia ($21.9k), Cote d'Ivoire ($17k), and China ($13.8k).

In 2023, Norway imported $1.33M in Iron Ingots, mainly from China ($621k), Germany ($218k), United Kingdom ($180k), Netherlands ($134k), and Spain ($58.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United Kingdom$209k (1.05k%)
Estonia$132k (1%)
Cote d'Ivoire$17k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Norway WERE (2022 - 2023):
Denmark-$2.33M (-100%)
Poland-$80.1k (-97.7%)
Sweden-$10.8k (-70.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Norway's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSweden+ $31k
TOP IMPORT POTENTIALChina+ $87.1k

Iron Ingots’s highest export potential is Sweden. With an export gap of $31k.   Iron Ingots’s highest import potential is China with an import gap of $87.1k.

See methodology.

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