Norway Balance of Trade  1960-2018 | Data | Chart | Calendar | Forecast

Norway's trade surplus widened sharply to NOK 25.3 billion in July 2018 from NOK 16 billion in the same month a year earlier. Exports jumped 26 percent to NOK 79.3 billion, mainly driven by sales of mineral fuels, lubricants and related materials (49.1 percent), of which petroleum, petroleum products (53.1 percent); chemicals and related products (17.4 percent); and food and live animals (8.1 percent). Meantime, imports increased 14.8 percent to NOK 53.9 billion, as purchases rose mostly for manufactured goods (10.7 percent); machinery and transport equipment (17.3 percent); and crude materials, inedible, except fuels (45.1 percent). Considering the first seven months of the year, the trade surplus widened 22.3 percent to NOK 143.4 billion from NOK 117.3 billion in the same period of 2017 Balance of Trade in Norway averaged 8502.89 NOK Million from 1960 until 2018, reaching an all time high of 48677.18 NOK Million in January of 2014 and a record low of -6100.20 NOK Million in November of 2017.

Norway Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-15 06:00 AM Balance of Trade NOK16.3B NOK18.7B NOK 11.5B
2018-07-13 06:00 AM Balance of Trade NOK22B NOK15.1B NOK 5.1B
2018-08-15 06:00 AM Balance of Trade NOK25.3B NOK21.5B NOK 16.2B
2018-09-17 06:00 AM Balance of Trade NOK25.3B NOK 15.4B
2018-10-15 06:00 AM Balance of Trade NOK 8.9B
2018-11-15 07:00 AM Balance of Trade NOK 19.2B


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 25348.00 21489.00 48677.18 -6100.20 NOK Million [+]
Exports 79286.00 80817.00 91186.74 449.00 NOK Million [+]
Imports 53938.00 59328.00 84950.76 696.00 NOK Million [+]
Current Account 60999.00 40165.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 5.10 3.80 16.20 -6.10 percent [+]
External Debt 5204408.00 5319100.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 108.40 105.87 115.90 75.84 Index Points [+]
Capital Flows 131480.00 43653.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1544.00 1549.00 3417.00 2.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 4.71 0.00 [+]
Weapons Sales 134.00 150.00 278.00 1.00 USD Million [+]
Foreign Direct Investment -72893.00 -25975.00 118173.00 -219889.00 NOK Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Norway Balance of Trade

The Norwegian trade balance has been in surplus since 1989. In 2017, the trade surplus widened by 13 percent from the previous year to NOK 160 billion amid a recovery in oil prices, after falling by 35 percent in 2016. The biggest trade surpluses were recorded with the UK, the Netherlands, Germany, France and Belgium; and the largest deficits were recorded with China, South Korea, Sweden, Russia and Italy. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
25348.00 21489.00 48677.18 -6100.20 1960 - 2018 NOK Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 22509.60 Jun/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan -231.21 Jul/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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