2023
Exports
$69.6MWorld Rnk 36 / 176
Flag Rnk 137 / 1199
2023
PRODUCT COMPLEXITY IN Precious Metal Scraps
-0.62Rnk 738 / 1025
2023
Imports
$472MWorld Rnk 14 / 126
Flag Rnk 43 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $69.6M in Precious Metal Scraps, making it the 36th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 137th most exported product in Norway. The main destination of Precious Metal Scraps exports from Norway are: United Kingdom ($21.9M), Germany ($19.5M), Netherlands ($10.9M), Switzerland ($8.2M), and Belgium ($4.31M).

The fastest growing export markets for Precious Metal Scraps of Norway between 2022 and 2023 were Germany ($13.8M), United Kingdom ($8.57M), and Netherlands ($4.02M).

Imports In 2023, Norway imported $472M in Precious Metal Scraps, becoming the 14th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 43rd most imported product in Norway. Norway imports Precious Metal Scraps primarily from: Canada ($370M), Sweden ($61.7M), Finland ($37.3M), United States ($493k), and South Africa ($479k).

The fastest growing import markets in Precious Metal Scraps for Norway between 2022 and 2023 were Sweden ($6.42M), Finland ($945k), and South Africa ($479k).

Latest Trends

Jan 2025

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 Precious Metal Scraps. 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)$69.6M
IMPORTS (2023)$472M
NET TRADE (2023)-$402M

In 2023, Norway exported $69.6M in Precious Metal Scraps. The main destinations of Norway exports on Precious Metal Scraps were United Kingdom ($21.9M), Germany ($19.5M), Netherlands ($10.9M), Switzerland ($8.2M), and Belgium ($4.31M).

In 2023, Norway imported $472M in Precious Metal Scraps, mainly from Canada ($370M), Sweden ($61.7M), Finland ($37.3M), United States ($493k), and South Africa ($479k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Germany$13.8M (245%)
United Kingdom$8.57M (64%)
Netherlands$4.02M (58.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Norway WERE (2022 - 2023):
Belgium-$7.73M (-64.2%)
Italy-$4.87M (-95.7%)
Sweden-$4.65M (-73.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Precious Metal Scraps were:
In 2023, Norway's main importing competitors in Precious Metal Scraps were:

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.84M
TOP IMPORT POTENTIALGermany+ $9.56M

Precious Metal Scraps’s highest export potential is Germany. With an export gap of $6.84M.   Precious Metal Scraps’s highest import potential is Germany with an import gap of $9.56M.

See methodology.

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