Norway Balance of Trade  1960-2017 | Data | Chart | Calendar | Forecast

Norway's trade surplus rose sharply to NOK 12.43 billion in August 2017 from NOK 7.13 billion in the same month a year earlier. Exports jumped 8.8 percent year-on-year to NOK 65.29 billion, mainly driven by higher sales of natural gas condensates (137.9 percent), natural gas (31.5 percent) and mainland exports (10.2 percent), in particular fish (6.6 percent). Imports were unchanged at NOK 52.87 billion. Purchases increased for crude materials, inedible, except fuels (26.5 percent); mineral fuels, lubricants and related materials (18.6 percent); manufactured goods (5.9 percent); and chemicals (15.1 percent). On the other hand, imports dropped for ships and oil platforms (-99.5 percent), machinery and transport equipment (-11.6 percent) and food and live animals (-3.9 percent). So far this year, the trade surplus increased by 38.5 percent from the same period of 2016 to NOK 119.16 billion. Balance of Trade in Norway averaged 8377.01 NOK Million from 1960 until 2017, reaching an all time high of 48677.18 NOK Million in January of 2014 and a record low of -5680 NOK Million in April of 1986.