2022
Exports
$6.62MWorld Rnk 39 / 124
Flag Rnk 363 / 1197
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Iron
0.61Rnk 318 / 1025
2022
Imports
$22MWorld Rnk 44 / 201
Flag Rnk 491 / 1211
2022
ECONOMIC COMPLEXITY of Norway
0.54Rnk 43 / 133

About

Exports In 2022, Norway exported $6.62M in Large Flat-Rolled Iron, making it the 39th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 363rd most exported product in Norway. The main destination of Large Flat-Rolled Iron exports from Norway are: Sweden ($5.56M), Lithuania ($457k), Latvia ($102k), Argentina ($89.4k), and Spain ($54.2k).

The fastest growing export markets for Large Flat-Rolled Iron of Norway between 2021 and 2022 were Lithuania ($310k), Morocco ($28.3k), and United Arab Emirates ($22.2k).

Imports In 2022, Norway imported $22M in Large Flat-Rolled Iron, becoming the 44th largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 491st most imported product in Norway. Norway imports Large Flat-Rolled Iron primarily from: Poland ($5.59M), Russia ($3.5M), Sweden ($3.46M), Denmark ($1.98M), and Germany ($1.94M).

The fastest growing import markets in Large Flat-Rolled Iron for Norway between 2021 and 2022 were Poland ($5.31M), Denmark ($1.42M), and Netherlands ($1.06M).

Latest Trends

Jul 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 Large Flat-Rolled 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 (2022)$6.62M
IMPORTS (2022)$22M
NET TRADE (2022)-$15.4M

In 2022, Norway exported $6.62M in Large Flat-Rolled Iron. The main destinations of Norway exports on Large Flat-Rolled Iron were Sweden ($5.56M), Lithuania ($457k), Latvia ($102k), Argentina ($89.4k), and Spain ($54.2k).

In 2022, Norway imported $22M in Large Flat-Rolled Iron, mainly from Poland ($5.59M), Russia ($3.5M), Sweden ($3.46M), Denmark ($1.98M), and Germany ($1.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Iron EXPORT MARKETS FOR Norway WERE (2021 - 2022):
Lithuania$310k (212%)
Morocco$28.3k (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Iron BY Norway WERE (2021 - 2022):
Sweden-$8.43M (-60.3%)
Denmark-$121k (-76.9%)
Spain-$27.2k (-33.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Norway's main exporting competitors in Large Flat-Rolled Iron were:
Germany $1.46B
Italy $674M
China $504M
In 2022, Norway's main importing competitors in Large Flat-Rolled Iron were:

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Trade Value of Large Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $121k
TOP IMPORT POTENTIALGermany+ $1.66M

Large Flat-Rolled Iron’s highest export potential is Germany. With an export gap of $121k.   Large Flat-Rolled Iron’s highest import potential is Germany with an import gap of $1.66M.

See methodology.

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