2022
Exports
$506kWorld Rnk 48 / 89
Flag Rnk 725 / 1197
2022
PRODUCT COMPLEXITY IN Iron Reductions
-1.54Rnk 951 / 1025
2022
Imports
$916kWorld Rnk 55 / 144
Flag Rnk 991 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $506k in Iron Reductions, making it the 48th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 725th most exported product in Norway. The main destination of Iron Reductions exports from Norway are: France ($327k), United Kingdom ($90.7k), Netherlands ($39.1k), Sweden ($16.4k), and Poland ($11.4k).

The fastest growing export markets for Iron Reductions of Norway between 2021 and 2022 were France ($253k), Netherlands ($39.1k), and Canada ($5.39k).

Imports In 2022, Norway imported $916k in Iron Reductions, becoming the 55th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 991st most imported product in Norway. Norway imports Iron Reductions primarily from: Sweden ($349k), Hong Kong ($192k), Poland ($81.3k), Denmark ($60.2k), and Bosnia and Herzegovina ($52.9k).

The fastest growing import markets in Iron Reductions for Norway between 2021 and 2022 were Hong Kong ($192k), Poland ($81.3k), and Sweden ($68.2k).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (1) were at the forefront of shipping Iron Reductions from Norway to the United States.

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 Reductions. 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)$506k
IMPORTS (2022)$916k
NET TRADE (2022)-$410k

In 2022, Norway exported $506k in Iron Reductions. The main destinations of Norway exports on Iron Reductions were France ($327k), United Kingdom ($90.7k), Netherlands ($39.1k), Sweden ($16.4k), and Poland ($11.4k).

In 2022, Norway imported $916k in Iron Reductions, mainly from Sweden ($349k), Hong Kong ($192k), Poland ($81.3k), Denmark ($60.2k), and Bosnia and Herzegovina ($52.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Norway WERE (2021 - 2022):
France$253k (343%)
Netherlands$39.1k (1%)
Canada$5.39k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Norway WERE (2021 - 2022):
United Kingdom-$1.22M (-93.1%)
Spain-$653k (-100%)
Finland-$368k (-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 Reductions were:
In 2022, Norway's main importing competitors in Iron Reductions were:

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $73.7k
TOP IMPORT POTENTIALUnited States+ $33.7k

Iron Reductions’s highest export potential is France. With an export gap of $73.7k.   Iron Reductions’s highest import potential is United States with an import gap of $33.7k.

See methodology.

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