2023
Exports
$316MWorld Rnk 24 / 127
Flag Rnk 38 / 1199
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2023
Imports
$5.31MWorld Rnk 49 / 125
Flag Rnk 736 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $316M in Iron Ore, making it the 24th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 38th most exported product in Norway. The main destination of Iron Ore exports from Norway are: United Kingdom ($168M), Netherlands ($59.6M), Germany ($52.7M), China ($13.2M), and India ($13.1M).

The fastest growing export markets for Iron Ore of Norway between 2022 and 2023 were United Kingdom ($94.9M), Germany ($16.6M), and China ($13.2M).

Imports In 2023, Norway imported $5.31M in Iron Ore, becoming the 49th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 736th most imported product in Norway. Norway imports Iron Ore primarily from: Ukraine ($2.39M), Sweden ($2.02M), Spain ($549k), United Kingdom ($342k), and Netherlands ($14k).

The fastest growing import markets in Iron Ore for Norway between 2022 and 2023 were Ukraine ($2.39M), United Kingdom ($342k), and Sweden ($175k).

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 Ore. 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)$316M
IMPORTS (2023)$5.31M
NET TRADE (2023)$310M

In 2023, Norway exported $316M in Iron Ore. The main destinations of Norway exports on Iron Ore were United Kingdom ($168M), Netherlands ($59.6M), Germany ($52.7M), China ($13.2M), and India ($13.1M).

In 2023, Norway imported $5.31M in Iron Ore, mainly from Ukraine ($2.39M), Sweden ($2.02M), Spain ($549k), United Kingdom ($342k), and Netherlands ($14k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Norway WERE (2022 - 2023):
United Kingdom$94.9M (131%)
Germany$16.6M (46.1%)
China$13.2M (755k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Norway WERE (2022 - 2023):
Netherlands-$35.3M (-37.2%)
Egypt-$26.8M (-100%)
Turkey-$5.76M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Iron Ore were:
In 2023, Norway's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.6M
TOP IMPORT POTENTIALSweden+ $1.36M

Iron Ore’s highest export potential is Germany. With an export gap of $10.6M.   Iron Ore’s highest import potential is Sweden with an import gap of $1.36M.

See methodology.

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