2023
Exports
$96MWorld Rnk 35 / 125
Flag Rnk 112 / 1199
2023
PRODUCT COMPLEXITY IN Semi-Finished Iron
-0.94Rnk 812 / 1025
2023
Imports
$12.8MWorld Rnk 70 / 189
Flag Rnk 591 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $96M in Semi-Finished Iron, making it the 35th largest exporter of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 112th most exported product in Norway. The main destination of Semi-Finished Iron exports from Norway are: Spain ($43.3M), Denmark ($20.5M), Canada ($12.1M), Italy ($7.27M), and Turkey ($5.68M).

The fastest growing export markets for Semi-Finished Iron of Norway between 2022 and 2023 were Canada ($12.1M), Italy ($7.27M), and Turkey ($5.68M).

Imports In 2023, Norway imported $12.8M in Semi-Finished Iron, becoming the 70th largest importer of Semi-Finished Iron in the world. At the same year, Semi-Finished Iron was the 591st most imported product in Norway. Norway imports Semi-Finished Iron primarily from: Luxembourg ($5.6M), Switzerland ($2.02M), Sweden ($1.83M), Denmark ($1.19M), and Bosnia and Herzegovina ($842k).

The fastest growing import markets in Semi-Finished Iron for Norway between 2022 and 2023 were Switzerland ($1.57M), Bosnia and Herzegovina ($456k), and Luxembourg ($205k).

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 Semi-Finished 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)$96M
IMPORTS (2023)$12.8M
NET TRADE (2023)$83.2M

In 2023, Norway exported $96M in Semi-Finished Iron. The main destinations of Norway exports on Semi-Finished Iron were Spain ($43.3M), Denmark ($20.5M), Canada ($12.1M), Italy ($7.27M), and Turkey ($5.68M).

In 2023, Norway imported $12.8M in Semi-Finished Iron, mainly from Luxembourg ($5.6M), Switzerland ($2.02M), Sweden ($1.83M), Denmark ($1.19M), and Bosnia and Herzegovina ($842k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semi-Finished Iron EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Canada$12.1M (5.77M%)
Italy$7.27M (1%)
Turkey$5.68M (2.26M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semi-Finished Iron BY Norway WERE (2022 - 2023):
Spain-$19M (-30.4%)
United Kingdom-$2.53M (-87.8%)
Lithuania-$1.08M (-82.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Semi-Finished Iron were:
Russia $6.75B
Oman $3.27B
Brazil $3.13B
In 2023, Norway's main importing competitors in Semi-Finished Iron were:

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Trade Value of Semi-Finished Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPoland+ $1.67M
TOP IMPORT POTENTIALGermany+ $341k

Semi-Finished Iron’s highest export potential is Poland. With an export gap of $1.67M.   Semi-Finished Iron’s highest import potential is Germany with an import gap of $341k.

See methodology.

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