Norway’s trade surplus widened sharply to NOK 105.0 billion in September 2026 from NOK 38.8 billion in the same month a year earlier. This remained the largest surplus since January 2023, as exports jumped by 53.3% year-on-year to NOK 207.7 billion, driven largely by higher shipments of raw materials, excluding fuels (+13.8%), animal and vegetable oils, fats, and waxes (+20.5%), and other goods and transactions (+21.2%), which offset the declines in exports of food and live animals (-0.5%) and beverages and tobacco (-25.6%). Meanwhile, imports rose by 6.2% to NOK 102.7 billion, lifted by increases in purchases of fuels, lubricating oils, and electric power (+74.2%), machinery and means of transport (+13.6%), and different finished products (+2.9%), while processed goods grouped mainly by material (-14.3%) and chemical products (-0.2%) recorded decreases. For the January–September period, the country posted a trade surplus of NOK 713.9 billion, compared to NOK 528.4 billion last year. source: Statistics Norway

Norway recorded a trade surplus of 105028 NOK Million in September of 2026. Balance of Trade in Norway averaged 14350.78 NOK Million from 1960 until 2026, reaching an all time high of 230314.00 NOK Million in August of 2022 and a record low of -9403.00 NOK Million in June of 2020. This page provides the latest reported value for - Norway Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

Norway recorded a trade surplus of 105028 NOK Million in September of 2026. Balance of Trade in Norway is expected to be 50800.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Balance of Trade is projected to trend around 50900.00 NOK Million in 2027 and 54100.00 NOK Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-15 06:00 AM
Balance of Trade
Aug NOK100.4B NOK88.8B NOK95.1B
2026-10-15 06:00 AM
Balance of Trade
Sep NOK105.0B NOK100.6B NOK 88.1B
2026-11-16 07:00 AM
Balance of Trade
Oct NOK105B


Related Last Previous Unit Reference
Balance of Trade 105028.00 100622.00 NOK Million Sep 2026
Capital Flows 482090.00 284577.00 NOK Million Jun 2026
Current Account 279000.00 248200.00 NOK Million Jun 2026
Current Account to GDP 14.20 15.00 percent of GDP Dec 2025
Exports 207709.00 190977.00 NOK Million Sep 2026
External Debt 9392163.00 8550817.00 NOK Million Jun 2026
Foreign Direct Investment 5122.00 5396.00 NOK Million Jun 2026
Imports 102680.00 90354.00 NOK Million Sep 2026
Oil Exports 56312.00 42614.00 NOK Million Sep 2026
Terms of Trade 158.53 144.20 points Jun 2026


Norway Balance of Trade
The Norwegian trade balance has been in surplus since 1989 and hit NOK 531 billion in 2021, the highest trade surplus ever, mainly due to a much higher price growth on average of goods exported than those imported. Exports increased by 77% to NOK 1,377.8 billion, strongly driven by high prices for energy products, metals and fish. Export income from oil and gas accounted for more than 60% of all merchandise exports in 2021. Imports rose by NOK 82.1 billion from a year earlier to NOK 846.8 billion in 2021. Around a quarter of this increase is due to high imports of passenger cars, which increased by 36.5% and amounted to NOK 72.1 billion. The EU countries, Great Britain, China and the United States are the most important trading partners for Norway.
Actual Previous Highest Lowest Dates Unit Frequency
105028.00 100622.00 230314.00 -9403.00 1960 - 2026 NOK Million Monthly
Current Prices, NSA

News Stream
Norway Trade Surplus Rises to Highest Since 2023
Norway’s trade surplus widened sharply to NOK 105.0 billion in September 2026 from NOK 38.8 billion in the same month a year earlier. This remained the largest surplus since January 2023, as exports jumped by 53.3% year-on-year to NOK 207.7 billion, driven largely by higher shipments of raw materials, excluding fuels (+13.8%), animal and vegetable oils, fats, and waxes (+20.5%), and other goods and transactions (+21.2%), which offset the declines in exports of food and live animals (-0.5%) and beverages and tobacco (-25.6%). Meanwhile, imports rose by 6.2% to NOK 102.7 billion, lifted by increases in purchases of fuels, lubricating oils, and electric power (+74.2%), machinery and means of transport (+13.6%), and different finished products (+2.9%), while processed goods grouped mainly by material (-14.3%) and chemical products (-0.2%) recorded decreases. For the January–September period, the country posted a trade surplus of NOK 713.9 billion, compared to NOK 528.4 billion last year.
2026-10-15
Norway Trade Surplus Hits Three-Year High
Norway’s trade surplus widened sharply to NOK 100.4 billion in August 2026 from NOK 59.3 billion in the same month a year earlier. This marked the largest surplus since January 2023, as exports jumped by 32.9% year-on-year to NOK 191.0 billion, mainly driven by higher shipments of food and live animals (+11.2%), fuels and lubricating oils, and electric power (+51.9%), animal and vegetable oils, fats, and waxes (+20.5%), and processed goods grouped mainly by material (+14.0%). Meanwhile, imports rose by 7.3% to NOK 90.6 billion, lifted by increased purchases of raw materials (non-edible), except fuels (+36.5%), fuels and lubricating oils, and electric power (+68.6%), machinery and means of transport (+2.7%), and different finished products (+0.7%). For the January–August period, the country posted a trade surplus of NOK 608.9 billion, compared to NOK 489.6 billion, up 24.4% from the corresponding month of the previous year, as export growth (11.7%) far outpaced imports (3.1%).
2026-09-15
Norway Trade Surplus Largest in 4 Months
Norway recorded a trade surplus of NOK 89.3 billion in July 2026, widening from NOK 89.2 billion in the same month a year earlier. This marked the largest surplus since March, as exports climbed by 21.5% year-on-year to NOK 173.6 billion, driven by higher shipments of fuels, lubricating oils, and electric power (+29.8%), animal and vegetable oils, fats and waxes (29.8%), chemical products (+17.9%), and processed goods grouped mainly by material (18.2%). Meanwhile, imports grew by just 0.1% to NOK 89.3 billion, as increased purchases for raw materials (+30.5%) and animal and vegetable oils, fats and waxes (+48.5%) offset lower arrivals for food and live animals (-10.1%), processed goods (-6.3%), and other goods and transactions (-37%). For the January–July period, the country posted a trade surplus of NOK 502.1 billion, compared to NOK 430.3 billion, up 16.7% from the corresponding month a year ago, as exports (8.1%) rose much faster than imports (2.3%).
2026-08-17