Norway Balance of Trade - Forecast

Balance of Trade in Norway is expected to be 8900.00 NOK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Norway to stand at 6300.00 in 12 months time. In the long-term, the Norway Balance of Trade is projected to trend around 14900.00 NOK Million in 2020, according to our econometric models.


Forecast Data Chart
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Norway Trade Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 25348 8900 27800 25400 6300 34600
Exports 79286 67900 79200 80100 75400 85100
Imports 53938 59000 59400 54700 69100 70200
Current Account 60999 44825 47822 53375 52003 50481
Current Account to GDP 5.1 6.6 6.6 6.4 6.9 7.5
External Debt 5204408 5205718 5206972 5208000 5207172 5207535
Terms of Trade 108 105 105 106 105 105
Capital Flows 131480 58781 56690 71799 72214 68207
Crude Oil Production 1544 1562 1563 1563 1563 1563
Terrorism Index 0 0.24 0.32 0.4 0.47 1.42
Weapons Sales 134 166 178 166 154 183
Foreign Direct Investment -72893 -11863 -15056 -25610 -29956 -24145