2022
Exports
$2.47MWorld Rnk 29 / 114
Flag Rnk 516 / 1197
2022
PRODUCT COMPLEXITY IN Iron Ingots
-1.39Rnk 930 / 1025
2022
Imports
$1.61MWorld Rnk 45 / 172
Flag Rnk 937 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.47M in Iron Ingots, making it the 29th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 516th most exported product in Norway. The main destination of Iron Ingots exports from Norway are: Denmark ($2.33M), Poland ($78.7k), Sweden ($23.6k), United Kingdom ($19.9k), and Netherlands ($8.08k).

The fastest growing export markets for Iron Ingots of Norway between 2021 and 2022 were Poland ($41k), Sweden ($19.7k), and United Kingdom ($16.6k).

Imports In 2022, Norway imported $1.61M in Iron Ingots, becoming the 45th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 937th most imported product in Norway. Norway imports Iron Ingots primarily from: Sweden ($411k), China ($320k), Germany ($313k), Spain ($200k), and Denmark ($125k).

The fastest growing import markets in Iron Ingots for Norway between 2021 and 2022 were Spain ($157k), Czechia ($91.6k), and Netherlands ($29.1k).

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 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 (2022)$2.47M
IMPORTS (2022)$1.61M
NET TRADE (2022)$861k

In 2022, Norway exported $2.47M in Iron Ingots. The main destinations of Norway exports on Iron Ingots were Denmark ($2.33M), Poland ($78.7k), Sweden ($23.6k), United Kingdom ($19.9k), and Netherlands ($8.08k).

In 2022, Norway imported $1.61M in Iron Ingots, mainly from Sweden ($411k), China ($320k), Germany ($313k), Spain ($200k), and Denmark ($125k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Poland$41k (109%)
Sweden$19.7k (500%)
United Kingdom$16.6k (501%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Norway WERE (2021 - 2022):
Denmark-$15M (-86.5%)
Slovakia-$33.1k (-100%)
Australia-$17.8k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, Norway's main importing competitors in Iron Ingots were:

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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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