2022
Exports
$860MWorld Rnk 44 / 226
Flag Rnk 18 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$4.2BWorld Rnk 30 / 225
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $860M in Iron or steel articles, making it the 44th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 18th most exported product in Norway. The main destination of Iron or steel articles exports from Norway are: United Kingdom ($129M), Sweden ($116M), Denmark ($91.1M), United States ($65.3M), and China ($46.4M).

The fastest growing export markets for Iron or steel articles of Norway between 2021 and 2022 were United States ($31.4M), China ($18M), and Senegal ($12.7M).

Imports In 2018, Norway imported $4.2B in Iron or steel articles, becoming the 30th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 5th most imported product in Norway. Norway imports Iron or steel articles primarily from: Sweden ($564M), Germany ($424M), Poland ($357M), China ($321M), and United Kingdom ($284M).

The fastest growing import markets in Iron or steel articles for Norway between 2021 and 2022 were Singapore ($110M), Poland ($59.6M), and Italy ($46.5M).

COMPANIES In 2023, leading companies such as Helly Hansen (34), Hyosung (22), and SIGMA Corp (5) were at the forefront of shipping Iron or steel articles from Norway to the United States.

Latest Trends

Jul 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 or steel articles. 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)$860M
IMPORTS (2022)$4.2B
NET TRADE (2022)-$3.34B

In 2022, Norway exported $860M in Iron or steel articles. The main destinations of Norway exports on Iron or steel articles were United Kingdom ($129M), Sweden ($116M), Denmark ($91.1M), United States ($65.3M), and China ($46.4M).

In 2022, Norway imported $4.2B in Iron or steel articles, mainly from Sweden ($564M), Germany ($424M), Poland ($357M), China ($321M), and United Kingdom ($284M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Norway WERE (2021 - 2022):
United States$31.4M (92.3%)
China$18M (63.6%)
Senegal$12.7M (636%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Norway WERE (2021 - 2022):
South Korea-$27M (-72.6%)
Angola-$21.8M (-54.8%)
Sweden-$7.23M (-5.87%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Norway's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $52.1M
TOP IMPORT POTENTIALChina+ $168M

Iron or steel articles’s highest export potential is United States. With an export gap of $52.1M.   Iron or steel articles’s highest import potential is China with an import gap of $168M.

See methodology.

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