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%). source: Statistics Norway

Norway recorded a trade surplus of 84330 NOK Million in July of 2026. Balance of Trade in Norway averaged 14121.61 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 August of 2026.

Norway recorded a trade surplus of 84330 NOK Million in July of 2026. Balance of Trade in Norway is expected to be 44060.00 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
2026-07-15 07:00 AM
Balance of Trade
Jun NOK61.9B NOK62.2B NOK 56B
2026-08-17 06:00 AM
Balance of Trade
Jul NOK84.3B NOK63.3B NOK57.0B
2026-09-15 06:00 AM
Balance of Trade
Aug NOK84.3B NOK95.1B


Related Last Previous Unit Reference
Balance of Trade 84330.00 63294.00 NOK Million Jul 2026
Capital Flows 255475.00 107362.00 NOK Million Mar 2026
Current Account 266830.00 149981.00 NOK Million Mar 2026
Current Account to GDP 14.20 15.00 percent of GDP Dec 2025
Exports 173591.00 161719.00 NOK Million Jul 2026
External Debt 8533035.00 8624367.00 NOK Million Mar 2026
Foreign Direct Investment -2593.00 -26669.00 NOK Million Mar 2026
Imports 89261.00 98425.00 NOK Million Jul 2026
Oil Exports 44682.00 36397.00 NOK Million Jul 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
84330.00 63294.00 230314.00 -9403.00 1960 - 2026 NOK Million Monthly
Current Prices, NSA

News Stream
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
Norway Trade Surplus Widens in June
Norway’s trade surplus widened to NOK 61.9 billion in June 2026 from NOK 46.9 billion in the same month a year earlier, as exports outpaced imports. Exports jumped 12.5% year-on-year to NOK 158.3 billion, lifted by higher shipments of fuels, lubricants, and related materials (+24.8%), raw materials, excluding fuels (+17.3%), animal and vegetable oils, fats, and waxes (+48.7%), and food and live animals (+7.1%). These gains more than offset declines in exports of beverages and tobacco (-14.6%), chemical products (-0.2%), and machinery and means of transport (-23.1%). Meanwhile, imports rose 2.7% to NOK 96.4 billion, driven largely by increased purchases of raw materials, excluding fuels (+20.9%), fuels, lubricants, and related materials (+53.9%), and animal and vegetable oils, fats and waxes (+8.4%). For the January–June period, Norway recorded a trade surplus of NOK 419.9 billion, up 11.3% from the corresponding month a year ago, as exports (5.7%) rose much faster than imports (1.8%).
2026-07-15
Norway Trade Surplus Expands in May
Norway’s trade surplus widened to NOK 62.6 billion in May 2026 from NOK 44.1 billion in the corresponding month a year ago, as exports rose much faster than imports. Exports grew 15.2% year-on-year to NOK 158.1 billion, led by a sharp rise in shipments of mineral fuels, lubricants, and related materials (25.7%), followed by manufactured goods classified chiefly by material (11.2%). These gains more than offset declines in exports of food and live animals (-3.3%) and machinery and transport equipment (-10.6%). Meanwhile, imports went up 2.6% to NOK 95.5 billion, mainly due to increased imports of machinery and transport equipment (9.6%), chemicals and related products n.e.s. (6.4%), and mineral fuels, lubricants and related materials (12.8%). For the January–May period, Norway recorded a trade surplus of NOK 357.5 billion, up 8.5% from the same period last year, as exports rose 4.5%, outpacing the 1.6% increase in imports.
2026-06-15