2023
Exports
$1.29MWorld Rnk 43 / 95
Flag Rnk 600 / 1199
2023
PRODUCT COMPLEXITY IN Steel Ingots
0.44Rnk 392 / 1025
2023
Imports
$3.33MWorld Rnk 44 / 166
Flag Rnk 820 / 1207
2023
ECONOMIC COMPLEXITY of Norway
0.47Rnk 44 / 132

About

Exports In 2023, Norway exported $1.29M in Steel Ingots, making it the 43rd largest exporter of Steel Ingots in the world. At the same year, Steel Ingots was the 600th most exported product in Norway. The main destination of Steel Ingots exports from Norway are: Singapore ($578k), Germany ($525k), Finland ($154k), Brazil ($12.5k), and United States ($8.97k).

The fastest growing export markets for Steel Ingots of Norway between 2022 and 2023 were Singapore ($495k), Germany ($200k), and Brazil ($12.5k).

Imports In 2023, Norway imported $3.33M in Steel Ingots, becoming the 44th largest importer of Steel Ingots in the world. At the same year, Steel Ingots was the 820th most imported product in Norway. Norway imports Steel Ingots primarily from: Italy ($1.9M), United Kingdom ($418k), Spain ($259k), Turkey ($225k), and Denmark ($202k).

The fastest growing import markets in Steel Ingots for Norway between 2022 and 2023 were Italy ($1.54M), United Kingdom ($249k), and Turkey ($166k).

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 Steel Ingots. 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)$1.29M
IMPORTS (2023)$3.33M
NET TRADE (2023)-$2.04M

In 2023, Norway exported $1.29M in Steel Ingots. The main destinations of Norway exports on Steel Ingots were Singapore ($578k), Germany ($525k), Finland ($154k), Brazil ($12.5k), and United States ($8.97k).

In 2023, Norway imported $3.33M in Steel Ingots, mainly from Italy ($1.9M), United Kingdom ($418k), Spain ($259k), Turkey ($225k), and Denmark ($202k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Ingots EXPORT MARKETS FOR Norway WERE (2022 - 2023):
Singapore$495k (592%)
Germany$200k (61.6%)
Brazil$12.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Ingots BY Norway WERE (2022 - 2023):
Turkey-$32.6k (-100%)
Finland-$26k (-14.4%)
Spain-$13.1k (-82%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Norway's main exporting competitors in Steel Ingots were:
In 2023, Norway's main importing competitors in Steel Ingots were:

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Trade Value of Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $149k
TOP IMPORT POTENTIALItaly+ $212k

Steel Ingots’s highest export potential is Germany. With an export gap of $149k.   Steel Ingots’s highest import potential is Italy with an import gap of $212k.

See methodology.

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