2023
Exports
$284MWorld Rnk 33 / 207
Flag Rnk 42 / 1199
2023
PRODUCT COMPLEXITY IN Scrap Iron
-0.57Rnk 726 / 1025
2023
Imports
$138MWorld Rnk 36 / 177
Flag Rnk 149 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $284M in Scrap Iron, making it the 33rd largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 42nd most exported product in Norway. The main destination of Scrap Iron exports from Norway are: Germany ($67.2M), Denmark ($47.7M), Pakistan ($40.2M), India ($38.9M), and Sweden ($32.1M).

The fastest growing export markets for Scrap Iron of Norway between 2022 and 2023 were Denmark ($12.3M), Portugal ($10.1M), and India ($8.21M).

Imports In 2023, Norway imported $138M in Scrap Iron, becoming the 36th largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 149th most imported product in Norway. Norway imports Scrap Iron primarily from: Sweden ($106M), Denmark ($18.9M), Finland ($9.97M), Estonia ($1.58M), and United Kingdom ($834k).

The fastest growing import markets in Scrap Iron for Norway between 2022 and 2023 were Sweden ($6.13M), Bahamas ($120k), and Netherlands ($21.6k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Scrap Iron. 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)$284M
IMPORTS (2023)$138M
NET TRADE (2023)$146M

In 2023, Norway exported $284M in Scrap Iron. The main destinations of Norway exports on Scrap Iron were Germany ($67.2M), Denmark ($47.7M), Pakistan ($40.2M), India ($38.9M), and Sweden ($32.1M).

In 2023, Norway imported $138M in Scrap Iron, mainly from Sweden ($106M), Denmark ($18.9M), Finland ($9.97M), Estonia ($1.58M), and United Kingdom ($834k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Denmark$12.3M (34.9%)
Portugal$10.1M (234%)
India$8.21M (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Norway WERE (2022 - 2023):
Germany-$39.2M (-36.9%)
Pakistan-$17.9M (-30.8%)
Netherlands-$9.46M (-39.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Scrap Iron were:
In 2023, Norway's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $18.4M
TOP IMPORT POTENTIALUnited Kingdom+ $3.84M

Scrap Iron’s highest export potential is India. With an export gap of $18.4M.   Scrap Iron’s highest import potential is United Kingdom with an import gap of $3.84M.

See methodology.

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