2022
Exports
$2.68MWorld Rnk 51 / 207
Flag Rnk 506 / 1197
2022
PRODUCT COMPLEXITY IN Iron Springs
0.94Rnk 195 / 1025
2022
Imports
$23.2MWorld Rnk 46 / 218
Flag Rnk 479 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $2.68M in Iron Springs, making it the 51st largest exporter of Iron Springs in the world. At the same year, Iron Springs was the 506th most exported product in Norway. The main destination of Iron Springs exports from Norway are: United Kingdom ($245k), United States ($204k), Sweden ($191k), Netherlands ($179k), and Poland ($166k).

The fastest growing export markets for Iron Springs of Norway between 2021 and 2022 were Kuwait ($125k), United Kingdom ($87.1k), and Poland ($83.6k).

Imports In 2022, Norway imported $23.2M in Iron Springs, becoming the 46th largest importer of Iron Springs in the world. At the same year, Iron Springs was the 479th most imported product in Norway. Norway imports Iron Springs primarily from: Sweden ($8.41M), Germany ($4.75M), United Kingdom ($1.65M), Denmark ($1.55M), and United States ($1.03M).

The fastest growing import markets in Iron Springs for Norway between 2021 and 2022 were Vietnam ($594k), United States ($510k), and Germany ($455k).

Latest Trends

Nov 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 Springs. 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)$2.68M
IMPORTS (2022)$23.2M
NET TRADE (2022)-$20.5M

In 2022, Norway exported $2.68M in Iron Springs. The main destinations of Norway exports on Iron Springs were United Kingdom ($245k), United States ($204k), Sweden ($191k), Netherlands ($179k), and Poland ($166k).

In 2022, Norway imported $23.2M in Iron Springs, mainly from Sweden ($8.41M), Germany ($4.75M), United Kingdom ($1.65M), Denmark ($1.55M), and United States ($1.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Springs EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Kuwait$125k (21.8k%)
United Kingdom$87.1k (55.3%)
Poland$83.6k (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Springs BY Norway WERE (2021 - 2022):
Russia-$117k (-93%)
Guatemala-$44.1k (-100%)
Canada-$31.4k (-45.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Iron Springs were:
In 2022, Norway's main importing competitors in Iron Springs were:

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Trade Value of Iron Springs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $320k
TOP IMPORT POTENTIALGermany+ $1.76M

Iron Springs’s highest export potential is United States. With an export gap of $320k.   Iron Springs’s highest import potential is Germany with an import gap of $1.76M.

See methodology.

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