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

Norway's trade surplus narrowed to NOK 19.4 billion in April of 2018 from NOK 24.0 billion in the same month a year earlier. Imports surged by 42 percent to NOK 62.5 billion, led by crude materials, inedible, except fuels (43 percent), mineral fuels, lubricants and related materials (71 percent), manufactured goods (112.6 percent), machinery and transport equipment (30.8 percent), and chemicals (13.4 percent). Meantime, exports went up at a softer 20.5 percent to NOK 81.9 billion, mainly driven by mineral fuels, lubricants and related materials (21.7 percent), of which petroleum, petroleum products (16.2 percent) and gas (30.5 percent); manufactured goods (34 percent), and chemicals (16 percent). Considering the first four months of the year, the trade surplus narrowed 9.4 percent to NOK 82.5 billion from NOK 91.1 billion in the same period of 2017. Balance of Trade in Norway averaged 8451.31 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
2018-03-16 07:00 AM Balance of Trade NOK21.3B NOK28.5B NOK 21.5B
2018-04-16 06:00 AM Balance of Trade NOK15.0B NOK21.1B NOK 22.3B
2018-05-15 06:00 AM Balance of Trade NOK19.4B NOK13.8B NOK 25.1B
2018-06-15 06:00 AM Balance of Trade NOK19.4B NOK 11.5B
2018-07-13 06:00 AM Balance of Trade NOK 5.1B
2018-08-15 06:00 AM Balance of Trade NOK 16.2B


Norway Trade Last Previous Highest Lowest Unit
Balance of Trade 19399.06 13779.41 48677.18 -6100.20 NOK Million [+]
Exports 81858.29 77836.71 91186.74 449.00 NOK Million [+]
Imports 62459.23 64057.30 84950.76 696.00 NOK Million [+]
Current Account 35034.00 35034.00 122200.00 -16087.00 NOK Million [+]
Current Account to GDP 5.10 3.80 16.20 -6.10 percent [+]
External Debt 5319100.00 5292384.00 5585278.00 0.00 NOK Million [+]
Terms of Trade 105.87 104.02 115.90 75.84 Index Points [+]
Capital Flows 62176.00 -16357.00 189108.00 -61109.00 NOK Million [+]
Crude Oil Production 1596.00 1652.00 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 -54502.00 7035.00 118173.00 -219889.00 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
19399.06 13779.41 48677.18 -6100.20 1960 - 2018 NOK Million Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1527.00 Mar/18
Brazil 6140.00 Apr/18
Canada -4139.60 Mar/18
China 287.80 Apr/18
Euro Area 26932.60 Mar/18
France -5258.00 Mar/18
Germany 25187.00 Mar/18
India -13720.00 Apr/18
Indonesia -1629.30 Apr/18
Italy 4531.06 Mar/18
Japan 625.98 Apr/18
Mexico -289.15 Apr/18
Netherlands 5280.00 Mar/18
Russia 15001.00 Mar/18
South Korea 6611.00 Apr/18
Spain -830631.00 Mar/18
Switzerland 2315.30 Mar/18
Turkey -5855.00 Mar/18
United Kingdom -3091.00 Mar/18
United States -48956.00 Mar/18


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