2022
Exports
$15.7MWorld Rnk 43 / 196
Flag Rnk 282 / 1197
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.15Rnk 505 / 1025
2022
Imports
$96.9MWorld Rnk 27 / 222
Flag Rnk 212 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $15.7M in Stranded Iron Wire, making it the 43rd largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 282nd most exported product in Norway. The main destination of Stranded Iron Wire exports from Norway are: Russia ($5.29M), Denmark ($1.53M), United Kingdom ($1.22M), United States ($1.02M), and Poland ($647k).

The fastest growing export markets for Stranded Iron Wire of Norway between 2021 and 2022 were Russia ($1.24M), Denmark ($618k), and Senegal ($609k).

Imports In 2022, Norway imported $96.9M in Stranded Iron Wire, becoming the 27th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 212th most imported product in Norway. Norway imports Stranded Iron Wire primarily from: United Kingdom ($32.3M), Sweden ($17.4M), China ($10.8M), Germany ($6.47M), and Denmark ($6.01M).

The fastest growing import markets in Stranded Iron Wire for Norway between 2021 and 2022 were China ($5.46M), Sweden ($2.49M), and Germany ($2.14M).

COMPANIES In 2023, leading companies such as Hyosung (22) were at the forefront of shipping Stranded Iron Wire from Norway to the United States.

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 Stranded Iron Wire. 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)$15.7M
IMPORTS (2022)$96.9M
NET TRADE (2022)-$81.2M

In 2022, Norway exported $15.7M in Stranded Iron Wire. The main destinations of Norway exports on Stranded Iron Wire were Russia ($5.29M), Denmark ($1.53M), United Kingdom ($1.22M), United States ($1.02M), and Poland ($647k).

In 2022, Norway imported $96.9M in Stranded Iron Wire, mainly from United Kingdom ($32.3M), Sweden ($17.4M), China ($10.8M), Germany ($6.47M), and Denmark ($6.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Russia$1.24M (30.7%)
Denmark$618k (68.1%)
Senegal$609k (7.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Norway WERE (2021 - 2022):
India-$774k (-93.2%)
Italy-$524k (-64.9%)
South Korea-$373k (-90.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.18M
TOP IMPORT POTENTIALChina+ $4.55M

Stranded Iron Wire’s highest export potential is United States. With an export gap of $1.18M.   Stranded Iron Wire’s highest import potential is China with an import gap of $4.55M.

See methodology.

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