Norway's trade surplus narrowed to NOK 75.9 billion in January 2026 from NOK 91.5 billion in the corresponding month of the previous year, as exports fell much faster than imports. Exports declined by 12.6% year-on-year to NOK 154.5 billion, largely due to lower sales of fuels, lubricating oils, electric power (-18.5%). Shipments of processed goods grouped mainly by material (-12.0%) and chemical products (-10.5%) also decreased. Meanwhile, imports dropped by 8.0% to NOK 78.6 billion amid reduced purchases across most commodity groups, particularly machinery and transport equipment (-2.4%), different finished goods (-4.8%), and processed goods grouped mainly by material (-14.7%). source: Statistics Norway

Norway recorded a trade surplus of 75911 NOK Million in January of 2026. Balance of Trade in Norway averaged 13692.37 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 February of 2026.

Norway recorded a trade surplus of 75911 NOK Million in January of 2026. Balance of Trade in Norway is expected to be 58805.00 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 84900.00 NOK Million in 2027 and 85100.00 NOK Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 07:00 AM
Balance of Trade
Dec NOK42.9B NOK41.3B NOK 84.4B
2026-02-16 07:00 AM
Balance of Trade
Jan NOK75.9B NOK42.9B NOK36.0B
2026-03-17 07:00 AM
Balance of Trade
Feb NOK75.9B NOK65.4B


Related Last Previous Unit Reference
Balance of Trade 75911.00 42912.00 NOK Million Jan 2026
Capital Flows 168176.00 279084.00 NOK Million Sep 2025
Current Account 174541.00 179255.00 NOK Million Sep 2025
Current Account to GDP 14.20 15.30 percent of GDP Dec 2025
Exports 154466.00 138733.00 NOK Million Jan 2026
External Debt 8078058.00 8012916.00 NOK Million Sep 2025
Foreign Direct Investment 11098.00 10085.00 NOK Million Sep 2025
Imports 78555.00 95821.00 NOK Million Jan 2026
Oil Exports 40573.00 34809.00 NOK Million Jan 2026
Terms of Trade 124.35 130.84 points Dec 2025


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
75911.00 42912.00 230314.00 -9403.00 1960 - 2026 NOK Million Monthly
Current Prices, NSA

News Stream
Norway Trade Surplus Narrows in January
Norway's trade surplus narrowed to NOK 75.9 billion in January 2026 from NOK 91.5 billion in the corresponding month of the previous year, as exports fell much faster than imports. Exports declined by 12.6% year-on-year to NOK 154.5 billion, largely due to lower sales of fuels, lubricating oils, electric power (-18.5%). Shipments of processed goods grouped mainly by material (-12.0%) and chemical products (-10.5%) also decreased. Meanwhile, imports dropped by 8.0% to NOK 78.6 billion amid reduced purchases across most commodity groups, particularly machinery and transport equipment (-2.4%), different finished goods (-4.8%), and processed goods grouped mainly by material (-14.7%).
2026-02-16
Norway Trade Surplus Narrows in December
Norway's trade surplus narrowed to NOK 42.9 billion in December 2025 from NOK 78.5 billion in the same month last year, as exports declined and imports rose. Exports shrank by 17.8% year-on-year to NOK 138.7 billion, dragged mainly by lower sales of mineral fuels, lubricants and related materials (-26.8%). Exports of machinery and transport equipment (-3.2%) and manufactured goods classified chiefly by material (-0.6%) also dropped. Meanwhile, imports increased by 6.1% to NOK 95.8 billion, influenced by imports of machinery and transport equipment (10.9%), miscellaneous manufactured articles (4%), and manufactured goods classified chiefly by material (16.8%). For the full year of 2025, Norway recorded a trade surplus of NOK 662.8 billion, down from NOK 720.0 billion in 2024, with exports falling by 1.8% and imports rising by 2.2%.
2026-01-15
Norway Trade Surplus Narrows in November
Norway's trade surplus narrowed to NOK 41.3 billion in November 2025 from NOK 68.8 billion in the corresponding month of the previous year, weighed down by a decline in exports. Exports dropped by 14.8% year-on-year to NOK 139.8 billion, primarily due to lower sales of mineral fuels, lubricants and related materials (-22%). Exports of food and live animals (-4.9%) and manufactured goods classified chiefly by material (-15.5%) also fell. Imports, on the other hand, rose by 3.3% to NOK 98.5 billion, driven mainly by increased purchases of machinery and transport equipment (3.6%), manufactured goods classified chiefly by material (3.3%), and chemicals and related products n.e.s. (5.9%). Over the January–November period, Norway recorded a trade surplus of NOK 619.9 billion, down 3.4% from the same period last year, as exports edged lower (-0.2%) while imports went up (1.8%).
2025-12-15