Norway's trade surplus narrowed to NOK 42.9 billion in December 2025 from NOK 78.5 billion in the same month last year, as exports declined and imports rose. Exports shrank by 17.8% year-on-year to NOK 138.7 billion, dragged mainly by lower sales of mineral fuels, lubricants and related materials (-26.8%). Exports of machinery and transport equipment (-3.2%) and manufactured goods classified chiefly by material (-0.6%) also dropped. Meanwhile, imports increased by 6.1% to NOK 95.8 billion, influenced by imports of machinery and transport equipment (10.9%), miscellaneous manufactured articles (4%), and manufactured goods classified chiefly by material (16.8%). For the full year of 2025, Norway recorded a trade surplus of NOK 662.8 billion, down from NOK 720.0 billion in 2024, with exports falling by 1.8% and imports rising by 2.2%. source: Statistics Norway

Norway recorded a trade surplus of 42912 NOK Million in December of 2025. Balance of Trade in Norway averaged 13613.81 NOK Million from 1960 until 2025, 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 February of 2026.

Norway recorded a trade surplus of 42912 NOK Million in December of 2025. Balance of Trade in Norway is expected to be 58805.00 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 84900.00 NOK Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-15 07:00 AM
Balance of Trade
Nov NOK41.3B NOK56.1B NOK45.1B
2026-01-15 07:00 AM
Balance of Trade
Dec NOK42.9B NOK41.3B NOK 84.4B
2026-02-16 07:00 AM
Balance of Trade
Jan NOK42.9B NOK36.0B


Related Last Previous Unit Reference
Balance of Trade 42912.00 41261.00 NOK Million Dec 2025
Capital Flows 168176.00 279084.00 NOK Million Sep 2025
Current Account 174541.00 179255.00 NOK Million Sep 2025
Current Account to GDP 14.20 15.30 percent of GDP Dec 2025
Exports 138733.00 139733.00 NOK Million Dec 2025
External Debt 8078058.00 8012916.00 NOK Million Sep 2025
Foreign Direct Investment 11098.00 10085.00 NOK Million Sep 2025
Imports 95821.00 98472.00 NOK Million Dec 2025
Oil Exports 34809.00 33935.00 NOK Million Dec 2025
Terms of Trade 124.35 130.84 points Dec 2025


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
42912.00 41261.00 230314.00 -9403.00 1960 - 2025 NOK Million Monthly
Current Prices, NSA

News Stream
Norway Trade Surplus Narrows in December
Norway's trade surplus narrowed to NOK 42.9 billion in December 2025 from NOK 78.5 billion in the same month last year, as exports declined and imports rose. Exports shrank by 17.8% year-on-year to NOK 138.7 billion, dragged mainly by lower sales of mineral fuels, lubricants and related materials (-26.8%). Exports of machinery and transport equipment (-3.2%) and manufactured goods classified chiefly by material (-0.6%) also dropped. Meanwhile, imports increased by 6.1% to NOK 95.8 billion, influenced by imports of machinery and transport equipment (10.9%), miscellaneous manufactured articles (4%), and manufactured goods classified chiefly by material (16.8%). For the full year of 2025, Norway recorded a trade surplus of NOK 662.8 billion, down from NOK 720.0 billion in 2024, with exports falling by 1.8% and imports rising by 2.2%.
2026-01-15
Norway Trade Surplus Narrows in November
Norway's trade surplus narrowed to NOK 41.3 billion in November 2025 from NOK 68.8 billion in the corresponding month of the previous year, weighed down by a decline in exports. Exports dropped by 14.8% year-on-year to NOK 139.8 billion, primarily due to lower sales of mineral fuels, lubricants and related materials (-22%). Exports of food and live animals (-4.9%) and manufactured goods classified chiefly by material (-15.5%) also fell. Imports, on the other hand, rose by 3.3% to NOK 98.5 billion, driven mainly by increased purchases of machinery and transport equipment (3.6%), manufactured goods classified chiefly by material (3.3%), and chemicals and related products n.e.s. (5.9%). Over the January–November period, Norway recorded a trade surplus of NOK 619.9 billion, down 3.4% from the same period last year, as exports edged lower (-0.2%) while imports went up (1.8%).
2025-12-15
Norway Trade Surplus Narrows Slightly
Norway's trade surplus narrowed slightly to NOK 56.5 billion in October 2025 from NOK 56.6 billion in the same month last year. Exports decreased by 3.9% year-on-year to NOK 154.5 billion, dragged mainly by a 16.4% drop in shipments of mineral fuels, lubricants, and related materials. Meanwhile, imports declined by 5.8% to NOK 98.0 billion, primarily due to reduced purchases of machinery and transport equipment (-4.2%), miscellaneous manufactured articles (-7.9%), and manufactured goods classified chiefly by material (-5.7%). For the January–October period, Norway posted a trade surplus of NOK 579.2 billion, marking a 1.1% rise compared to the same period a year ago.
2025-11-17