Norway trade surplus narrowed slightly to NOK 25.04 billion in December 2018 from NOK 25.44 billion in the same month of the prior year. Imports rose 0.9 percent year-on-year to NOK 53.2 billion, mainly led by food and live animals (3.2 pct); mineral fuels, lubricants and related materials (17.5 pct); and crude materials, inedible, except fuels (31.9 pct). Meantime, exports grew at a softer 0.1 percent to NOK 78.2 billion, mainly driven by food and live animals (3.1 pct); miscellaneous manufactured articles (9.2 pct); and crude materials, inedible, except fuels (0.6 pct). For full 2018, the trade surplus widened to NOK 287.97 billion from NOK 176.11 in a year earlier. Balance of Trade in Norway averaged 8647.72 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.

Balance of Trade in Norway is expected to be 25400.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Norway to stand at 30700.00 in 12 months time. In the long-term, the Norway Balance of Trade is projected to trend around 14900.00 NOK Million in 2020, according to our econometric models.

Norway Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-15 06:00 AM Balance of Trade NOK21.1B NOK29B NOK 25.1B
2018-11-15 07:00 AM Balance of Trade NOK34.9B NOK22.2B NOK 19.2B
2018-12-17 07:00 AM Balance of Trade NOK26.2B NOK34.2B NOK 15.1B
2019-01-15 07:00 AM Balance of Trade NOK25.0B NOK25.7B NOK 27.8B
2019-02-15 07:00 AM Balance of Trade NOK25.0B
2019-03-15 07:00 AM Balance of Trade
2019-04-16 06:00 AM Balance of Trade


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 25037.00 25690.00 48677.18 -6100.20 NOK Million [+]
Current Account 91780.00 79084.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 5.70 4.00 16.20 -6.10 percent [+]
Imports 53186.69 62895.30 84950.76 696.00 NOK Million [+]
Exports 78223.51 88585.17 99710.44 449.00 NOK Million [+]
External Debt 5235309.00 5222383.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 108.23 108.40 115.90 75.84 Index Points [+]
Capital Flows 58208.00 154192.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1329.00 1526.00 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 9055.00 -32914.00 118173.00 -219186.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
25037.00 25690.00 48677.18 -6100.20 1960 - 2018 NOK Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 19697.00 Oct/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


Related

Latest