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

Norway's trade surplus jumped to NOK 21.1 billion in September 2018 from NOK 6.76 billion in the same month the prior year. Exports surged 21.8 percent to NOK 81 billion, driven by sales of mineral fuels, lubricants & related materials (41.8 percent), in particular petroleum, petroleum products (44.5 percent); animal and vegetables oils, fats and waxes (17.5 percent), and machinery & transport equipment (10.3 percent). Meantime, imports rose at a softer 0.3 percent to NOK 59.9 billion, led by mineral fuels, lubricants & related materials (50.7 percent); crude materials, inedible, except fuels (11.2 percent); commodities and transactions (8.3 percent), and food & live animals (7.8 percent). So far this year, the trade surplus widened 41.5 percent to NOK 195.3 billion from NOK 138 billion in the same period of 2017. Balance of Trade in Norway averaged 8551.72 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.

Norway Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
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 NOK31.8B NOK24.5B NOK 15.4B
2018-10-15 06:00 AM Balance of Trade NOK21.1B NOK29B NOK 25.1B
2018-11-15 07:00 AM Balance of Trade NOK21.1B NOK 19.2B
2018-12-17 07:00 AM Balance of Trade NOK 7.6B


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 21119.00 29047.00 48677.18 -6100.20 NOK Million [+]
Exports 81012.08 85450.86 91186.74 449.00 NOK Million [+]
Imports 59893.47 56403.71 84950.76 696.00 NOK Million [+]
Current Account 80938.00 75124.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 5.70 4.00 16.20 -6.10 percent [+]
External Debt 5222383.00 5204408.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 108.23 108.40 115.90 75.84 Index Points [+]
Capital Flows 139446.00 87139.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1517.00 1350.00 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 -33665.00 -70439.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
21119.00 29047.00 48677.18 -6100.20 1960 - 2018 NOK Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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